KOREIT (KRX: 034830)

KOREIT 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	59,967	63,686	57,065	68,775	72,151	80,290
Total Interest Expense	82,207	75,425	19,426	16,167	14,858	16,233
Net Interest Income	-22,240	-11,739	37,639	52,608	57,293	64,057
Commissions and Fees	129,019	120,971	141,598	144,852	141,609	159,093
Gain (Loss) on Sale of Investments	83,361	84,057	13,484	11,483	23,671	9,049
Other Revenue	-504.06	1,372	711.41	391.05	-	7,263
Revenue Before Loan Losses	189,636	194,661	193,432	209,334	222,573	239,462
Provision for Loan Losses	33,527	58,507	30,851	20,474	45,249	44,376
Revenue	156,109	136,154	162,580	188,860	177,324	195,086
Revenue Growth (YoY)	30.75%	-16.25%	-13.91%	6.51%	-9.10%	-22.63%
Salaries & Employee Benefits	55,214	54,220	53,736	50,710	46,380	44,071
Cost of Services Provided	21,461	20,294	19,413	19,229	21,267	19,434
Other Operating Expenses	10,879	7,552	11,575	9,540	6,593	5,242
Total Operating Expenses	97,695	92,700	94,588	89,402	81,342	74,178
Operating Income	58,414	43,454	67,992	99,458	95,982	120,908
Earnings From Equity Investments	-47,215	-40,179	-21,341	92,311	24,041	31,321
Currency Exchange Gain (Loss)	-	-	139.65	-	-	-
EBT Excluding Unusual Items	11,229	3,365	45,844	192,315	118,629	150,855
Gain (Loss) on Sale of Investments	-20,157	-12,201	-14,607	-4,355	-1,383	-940.88
Pretax Income	-9,228	-9,545	31,237	187,960	117,226	149,615
Income Tax Expense	-1,971	-1,886	6,912	47,965	32,078	41,345
Earnings From Continuing Ops.	-7,256	-7,660	24,325	139,995	85,148	108,270
Minority Interest in Earnings	52.22	-785.31	-227.97	-654.14	-333.1	-230.86
Net Income	-7,204	-8,445	24,097	139,341	84,815	108,039
Net Income to Common	-7,204	-8,445	24,097	139,341	84,815	108,039
Net Income Growth	-	-	-82.71%	64.29%	-21.50%	-35.36%
Shares Outstanding (Basic)	215	220	228	228	233	241
Shares Outstanding (Diluted)	215	220	228	228	233	241
Shares Change (YoY)	-3.49%	-3.30%	-0.08%	-2.12%	-3.13%	-1.81%
EPS (Basic)	-33.43	-38.33	105.76	611.03	364.05	449.21
EPS (Diluted)	-33.43	-38.33	105.76	611.00	364.00	449.00
EPS Growth	-	-	-82.69%	67.86%	-18.93%	-34.19%
Free Cash Flow	131,030	-346,678	59,366	268,565	357,778	3,166
Free Cash Flow Per Share	608.10	-1573.46	260.55	1177.70	1535.68	13.16
Dividend Per Share	70.000	70.000	-	-	-	-
Operating Margin	37.42%	31.92%	41.82%	52.66%	54.13%	61.98%
Profit Margin	-4.61%	-6.20%	14.82%	73.78%	47.83%	55.38%
Free Cash Flow Margin	83.93%	-254.62%	36.52%	142.20%	201.77%	1.62%
Effective Tax Rate	-	-	22.13%	25.52%	27.36%	27.63%

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