Woongjin Co., Ltd. (KRX: 016880)

Woongjin Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,008,024	1,018,577	1,049,841	979,866	886,239	819,917
Other Revenue	-0	-0	-	-	-	-
Revenue	1,008,024	1,018,577	1,049,841	979,866	886,239	819,917
Revenue Growth (YoY)	-3.28%	-2.98%	7.14%	10.56%	8.09%	194.22%
Cost of Revenue	520,912	536,673	564,363	530,497	494,901	445,683
Gross Profit	487,112	481,904	485,478	449,369	391,338	374,233
Selling, General & Admin	393,193	388,243	368,181	350,160	315,693	261,648
Research & Development	2,185	2,183	2,080	1,553	1,356	826.23
Other Operating Expenses	7,045	7,489	7,210	6,667	6,635	4,330
Operating Expenses	459,952	459,544	443,151	406,416	370,618	299,020
Operating Income	27,161	22,360	42,327	42,953	20,720	75,213
Interest Expense	-24,557	-23,920	-21,109	-23,010	-33,400	-94,520
Interest & Investment Income	1,780	2,092	2,324	2,236	1,662	17,272
Earnings From Equity Investments	-	-	-	-	-	-83,117
Currency Exchange Gain (Loss)	-1,621	-1,647	-828.82	-403.68	-1,549	-354.66
Other Non Operating Income (Expenses)	1,983	4,540	2,014	4,907	4,061	53,197
EBT Excluding Unusual Items	4,745	3,424	24,727	26,682	-8,505	-32,311
Gain (Loss) on Sale of Investments	-1,147	-1,228	-707.71	742	-4.82	4,409
Gain (Loss) on Sale of Assets	-196.05	-240.72	-129.09	15,191	253.62	655.62
Asset Writedown	-37,897	-35,894	-15,008	-5,923	-2,890	-197,781
Other Unusual Items	-	-	-	-	-	-11,054
Pretax Income	-34,494	-33,938	8,882	36,692	-11,147	-236,081
Income Tax Expense	-6,974	-9,183	510.75	2,441	14,363	-15,123
Earnings From Continuing Operations	-27,520	-24,755	8,371	34,251	-25,509	-220,958
Earnings From Discontinued Operations	-	-	-278.41	-89.3	-227.87	-16,543
Net Income to Company	-27,520	-24,755	8,093	34,162	-25,737	-237,501
Minority Interest in Earnings	14,810	14,206	125.45	-11,170	2,342	67,005
Net Income	-12,710	-10,549	8,218	22,993	-23,396	-170,495
Net Income to Common	-12,710	-10,549	8,218	22,993	-23,396	-170,495
Net Income Growth	-	-	-64.26%	-	-	-
Shares Outstanding (Basic)	78	78	80	79	79	75
Shares Outstanding (Diluted)	78	78	80	79	79	75
Shares Change (YoY)	-1.78%	-1.79%	0.32%	0.37%	6.04%	2.84%
EPS (Basic)	-163.37	-134.75	103.10	289.38	-295.54	-2283.92
EPS (Diluted)	-163.37	-134.75	103.10	289.38	-295.54	-2283.92
EPS Growth	-	-	-64.37%	-	-	-
Free Cash Flow	71,141	76,507	72,280	105,131	67,684	21,260
Free Cash Flow Per Share	914.48	977.30	906.81	1323.17	855.00	284.79
Gross Margin	48.32%	47.31%	46.24%	45.86%	44.16%	45.64%
Operating Margin	2.69%	2.20%	4.03%	4.38%	2.34%	9.17%
Profit Margin	-1.26%	-1.04%	0.78%	2.35%	-2.64%	-20.79%
Free Cash Flow Margin	7.06%	7.51%	6.88%	10.73%	7.64%	2.59%
EBITDA	105,332	106,602	121,292	103,734	77,436	116,050
EBITDA Margin	10.45%	10.47%	11.55%	10.59%	8.74%	14.15%
D&A For EBITDA	78,172	84,242	78,965	60,781	56,716	40,837
EBIT	27,161	22,360	42,327	42,953	20,720	75,213
EBIT Margin	2.69%	2.20%	4.03%	4.38%	2.34%	9.17%
Effective Tax Rate	-	-	5.75%	6.65%	-	-
Advertising Expenses	-	42,157	47,408	46,709	27,942	21,764

Source: S&P Capital IQ. Standard template. Financial Sources.