Lotte Wellfood Co.,Ltd (KRX: 280360)

Lotte Wellfood 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,061,430	4,066,392	3,203,264	2,145,407	2,076,048	2,092,996
Other Revenue	-0	-0	-	-0	-	-
Revenue	4,061,430	4,066,392	3,203,264	2,145,407	2,076,048	2,092,996
Revenue Growth (YoY)	-1.66%	26.95%	49.31%	3.34%	-0.81%	23.52%
Cost of Revenue	2,878,721	2,962,543	2,312,041	1,425,152	1,369,117	1,404,540
Gross Profit	1,182,709	1,103,849	891,224	720,255	706,931	688,456
Selling, General & Admin	883,294	843,374	713,188	561,841	536,736	534,618
Other Operating Expenses	10,033	10,288	11,986	6,455	6,234	5,863
Operating Expenses	972,245	926,831	778,839	611,802	594,990	591,127
Operating Income	210,464	177,018	112,385	108,453	111,941	97,329
Interest Expense	-51,307	-48,441	-28,299	-20,023	-25,279	-24,362
Interest & Investment Income	22,132	18,942	8,737	5,972	7,405	6,915
Earnings From Equity Investments	729.16	-918.12	-1,554	-161.73	-3.7	-
Currency Exchange Gain (Loss)	12,907	-14,606	-13,012	-8,214	-903.6	989.66
Other Non Operating Income (Expenses)	-17,333	-8,778	-4,149	-3,048	-20,366	-2,089
EBT Excluding Unusual Items	177,593	123,217	74,107	82,978	72,794	78,782
Gain (Loss) on Sale of Investments	-11,636	-15,944	-856	-	-	11
Gain (Loss) on Sale of Assets	22,978	20,897	-10,564	1,687	3,636	3,326
Asset Writedown	-18,524	-18,332	-11,180	-30,548	-20,484	-29,510
Pretax Income	170,411	109,838	51,507	54,117	55,946	52,609
Income Tax Expense	54,305	42,066	7,627	17,769	14,221	10,980
Earnings From Continuing Operations	116,107	67,771	43,880	36,349	41,726	41,629
Minority Interest in Earnings	3,536	2,763	3,155	-1,454	-739.87	-3,567
Net Income	119,643	70,535	47,035	34,894	40,986	38,062
Net Income to Common	119,643	70,535	47,035	34,894	40,986	38,062
Net Income Growth	261.20%	49.96%	34.79%	-14.86%	7.68%	306.54%
Shares Outstanding (Basic)	9	9	8	6	6	6
Shares Outstanding (Diluted)	9	9	8	6	6	6
Shares Change (YoY)	-0.04%	15.79%	19.08%	0.00%	-0.00%	50.13%
EPS (Basic)	13532.34	7977.89	6159.70	5441.92	6392.00	5935.93
EPS (Diluted)	13531.89	7977.89	6159.70	5441.92	6392.00	5935.93
EPS Growth	261.34%	29.52%	13.19%	-14.86%	7.68%	170.79%
Free Cash Flow	1,497	128,418	-39,276	69,805	123,351	112,343
Free Cash Flow Per Share	169.33	14524.88	-5143.68	10886.33	19237.36	17520.40
Dividend Per Share	3000.000	3000.000	-	-	-	-
Gross Margin	29.12%	27.15%	27.82%	33.57%	34.05%	32.89%
Operating Margin	5.18%	4.35%	3.51%	5.06%	5.39%	4.65%
Profit Margin	2.95%	1.73%	1.47%	1.63%	1.97%	1.82%
Free Cash Flow Margin	0.04%	3.16%	-1.23%	3.25%	5.94%	5.37%
EBITDA	412,727	367,693	266,015	226,713	235,457	221,911
EBITDA Margin	10.16%	9.04%	8.30%	10.57%	11.34%	10.60%
D&A For EBITDA	202,263	190,675	153,630	118,260	123,515	124,582
EBIT	210,464	177,018	112,385	108,453	111,941	97,329
EBIT Margin	5.18%	4.35%	3.51%	5.06%	5.39%	4.65%
Effective Tax Rate	31.87%	38.30%	14.81%	32.83%	25.42%	20.87%
Advertising Expenses	-	103,436	96,600	80,593	72,161	68,454

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