NOROO PAINT & COATINGS Co., Ltd. (KRX: 090350)

NOROO PAINT & COATINGS 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
Operating Revenue	788,851	780,507	747,091	730,932	642,935	647,452
Other Revenue	-0	-0	-0	-0	-	-
Revenue	788,851	780,507	747,091	730,932	642,935	647,452
Revenue Growth (YoY)	2.84%	4.47%	2.21%	13.69%	-0.70%	5.32%
Cost of Revenue	621,051	619,790	613,197	600,549	497,944	502,319
Gross Profit	167,799	160,717	133,893	130,383	144,991	145,133
Selling, General & Admin	109,562	106,150	94,275	98,461	106,771	104,832
Research & Development	8,306	8,095	8,237	443.65	130.42	524.71
Other Operating Expenses	438.89	454.75	454.5	464.5	470.12	473.33
Operating Expenses	124,018	118,616	108,175	105,272	112,808	115,966
Operating Income	43,782	42,101	25,718	25,110	32,184	29,168
Interest Expense	-2,809	-3,463	-3,680	-3,574	-4,047	-4,647
Interest & Investment Income	2,134	2,043	801.29	503.5	449.82	333.53
Earnings From Equity Investments	1,007	1,896	1,762	-591.76	534.64	646.96
Currency Exchange Gain (Loss)	1,263	1,070	394.7	2,001	-1,674	1,137
Other Non Operating Income (Expenses)	-189.1	-305.1	-390.03	139.91	427.01	566.37
EBT Excluding Unusual Items	45,187	43,342	24,606	23,589	27,874	27,205
Gain (Loss) on Sale of Investments	-1,594	-1,130	1,136	-117.87	-	-326.17
Gain (Loss) on Sale of Assets	-24.48	-86.11	364.21	1,055	-147.15	-168.6
Asset Writedown	-4,785	-4,785	-7,921	-507.1	-	-
Pretax Income	38,783	37,340	18,185	24,019	27,727	26,710
Income Tax Expense	8,987	7,587	6,158	9,573	9,745	7,810
Earnings From Continuing Operations	29,796	29,753	12,027	14,446	17,981	18,900
Earnings From Discontinued Operations	-1,072	-1,886	-478.7	-	-	-
Net Income	28,724	27,867	11,548	14,446	17,981	18,900
Preferred Dividends & Other Adjustments	1,370	632.95	-	-	-	-
Net Income to Common	27,354	27,234	11,548	14,446	17,981	18,900
Net Income Growth	32.12%	141.31%	-20.06%	-19.66%	-4.86%	48.33%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	-	-	-	-	-	0.05%
EPS (Basic)	1336.73	1330.86	564.34	705.94	878.73	923.60
EPS (Diluted)	1336.73	1330.86	564.34	705.94	878.73	923.60
EPS Growth	25.82%	135.82%	-20.06%	-19.66%	-4.86%	48.25%
Free Cash Flow	47,080	48,831	28,470	13,858	26,223	45,897
Free Cash Flow Per Share	2300.74	2386.29	1391.26	677.21	1281.47	2242.93
Dividend Per Share	325.000	325.000	275.000	275.000	275.000	275.000
Dividend Growth	18.18%	18.18%	0%	0%	0%	10.00%
Gross Margin	21.27%	20.59%	17.92%	17.84%	22.55%	22.42%
Operating Margin	5.55%	5.39%	3.44%	3.44%	5.01%	4.50%
Profit Margin	3.47%	3.49%	1.55%	1.98%	2.80%	2.92%
Free Cash Flow Margin	5.97%	6.26%	3.81%	1.90%	4.08%	7.09%
EBITDA	58,321	56,933	40,667	40,078	47,608	43,914
EBITDA Margin	7.39%	7.29%	5.44%	5.48%	7.40%	6.78%
D&A For EBITDA	14,539	14,832	14,949	14,967	15,425	14,746
EBIT	43,782	42,101	25,718	25,110	32,184	29,168
EBIT Margin	5.55%	5.39%	3.44%	3.44%	5.01%	4.50%
Effective Tax Rate	23.17%	20.32%	33.86%	39.86%	35.15%	29.24%
Advertising Expenses	-	4,136	3,502	2,472	4,791	4,299

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