Asia Cement Co.,Ltd. (KRX: 183190)

Asia Cement Co.,Ltd. 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	1,129,362	1,200,455	1,040,146	892,569	787,547	836,810
Other Revenue	-0	-0	-0	-0	-	-
Revenue	1,129,362	1,200,455	1,040,146	892,569	787,547	836,810
Revenue Growth (YoY)	-4.42%	15.41%	16.53%	13.34%	-5.89%	-0.82%
Cost of Revenue	855,144	931,454	805,878	657,659	617,403	661,454
Gross Profit	274,218	269,001	234,268	234,911	170,145	175,357
Selling, General & Admin	104,369	108,458	106,298	95,497	83,080	83,738
Research & Development	5,673	5,677	5,319	4,253	3,305	2,934
Other Operating Expenses	1,976	1,658	1,609	1,424	1,983	1,251
Operating Expenses	116,094	122,153	116,330	106,297	95,054	94,221
Operating Income	158,124	146,847	117,938	128,614	75,091	81,135
Interest Expense	-25,621	-26,421	-24,660	-26,715	-32,595	-34,335
Interest & Investment Income	2,232	1,572	1,679	639.99	848.33	1,489
Earnings From Equity Investments	-	-	-640.15	502.48	-3.11	-
Currency Exchange Gain (Loss)	-109	74.45	-4,878	451.57	-785.14	-533.57
Other Non Operating Income (Expenses)	-6,589	-5,957	-5,287	-4,076	187.36	-184.5
EBT Excluding Unusual Items	128,037	116,116	84,151	99,417	42,743	47,571
Gain (Loss) on Sale of Investments	-250.72	162.76	419.9	-0.45	19.18	-0.32
Gain (Loss) on Sale of Assets	-5,624	-3,638	-1,614	-2,595	346.83	431.69
Asset Writedown	-	-7.33	-44	-6.59	-8,237	-11,950
Pretax Income	122,162	112,633	82,912	96,815	34,872	36,678
Income Tax Expense	26,470	23,198	19,008	15,911	7,071	7,975
Earnings From Continuing Operations	95,691	89,435	63,904	80,904	27,800	28,703
Earnings From Discontinued Operations	-	-	-	18,313	-2,719	-
Net Income to Company	95,691	89,435	63,904	99,217	25,082	28,703
Minority Interest in Earnings	878.93	165.05	-380.43	-4,553	-1,344	-1,010
Net Income	96,570	89,600	63,524	94,664	23,738	27,693
Net Income to Common	96,570	89,600	63,524	94,664	23,738	27,693
Net Income Growth	9.02%	41.05%	-32.90%	298.79%	-14.28%	80.91%
Shares Outstanding (Basic)	38	39	39	39	39	39
Shares Outstanding (Diluted)	38	39	39	39	39	39
Shares Change (YoY)	-1.60%	-0.50%	-	-	-	1.89%
EPS (Basic)	2545.40	2312.33	1631.12	2430.73	609.53	711.09
EPS (Diluted)	2545.06	2312.00	1631.00	2430.73	609.53	711.09
EPS Growth	10.78%	41.75%	-32.90%	298.79%	-14.28%	77.55%
Free Cash Flow	81,676	55,560	4,509	36,923	31,037	75,414
Free Cash Flow Per Share	2152.83	1433.85	115.78	948.10	796.96	1936.42
Dividend Per Share	290.000	255.000	225.000	225.000	125.000	150.000
Dividend Growth	28.89%	13.33%	0%	80.00%	-16.67%	0%
Gross Margin	24.28%	22.41%	22.52%	26.32%	21.60%	20.96%
Operating Margin	14.00%	12.23%	11.34%	14.41%	9.53%	9.70%
Profit Margin	8.55%	7.46%	6.11%	10.61%	3.01%	3.31%
Free Cash Flow Margin	7.23%	4.63%	0.43%	4.14%	3.94%	9.01%
EBITDA	240,779	225,389	191,761	202,919	148,531	155,097
EBITDA Margin	21.32%	18.78%	18.44%	22.73%	18.86%	18.53%
D&A For EBITDA	82,655	78,542	73,823	74,305	73,440	73,962
EBIT	158,124	146,847	117,938	128,614	75,091	81,135
EBIT Margin	14.00%	12.23%	11.34%	14.41%	9.53%	9.70%
Effective Tax Rate	21.67%	20.60%	22.93%	16.43%	20.28%	21.74%
Advertising Expenses	-	190.92	187.75	199.57	172.05	232.04

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