Hyosung TNC Corporation (KRX: 298020)

Hyosung TNC 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
Revenue	7,598,667	7,526,919	8,882,730	8,596,030	5,161,617	5,983,145
Revenue Growth (YoY)	-2.19%	-15.26%	3.34%	66.54%	-13.73%	3.90%
Cost of Revenue	7,026,746	6,995,663	8,450,585	6,896,953	4,663,097	5,419,332
Gross Profit	571,921	531,255	432,145	1,699,077	498,520	563,813
Selling, General & Admin	278,179	270,502	265,190	236,213	189,771	205,158
Research & Development	21,853	20,577	21,187	18,057	14,882	13,708
Other Operating Expenses	5,667	5,953	5,626	6,167	5,373	5,054
Operating Expenses	331,678	317,862	308,551	275,426	232,001	240,900
Operating Income	240,242	213,393	123,594	1,423,651	266,519	322,913
Interest Expense	-74,376	-85,096	-61,566	-32,806	-52,811	-77,479
Interest & Investment Income	4,071	4,202	4,034	3,366	2,811	1,819
Currency Exchange Gain (Loss)	-13,269	-12,861	-51,585	-26,702	17,672	-26,057
Other Non Operating Income (Expenses)	16,932	4,212	10,725	17,559	-9,308	8,709
EBT Excluding Unusual Items	173,517	123,849	25,201	1,385,068	224,883	229,905
Gain (Loss) on Sale of Investments	1,635	553.07	-1,200	-105	-	-27
Gain (Loss) on Sale of Assets	-1,864	-1,416	6,657	19,265	-1,329	200
Pretax Income	173,288	122,986	30,659	1,404,228	223,554	230,078
Income Tax Expense	24,037	24,280	11,475	396,325	55,282	108,056
Earnings From Continuing Operations	149,251	98,706	19,183	1,007,903	168,272	122,023
Minority Interest in Earnings	-18,489	-5,509	-7,592	-237,538	-31,475	-28,936
Net Income	130,762	93,197	11,591	770,364	136,797	93,087
Net Income to Common	130,762	93,197	11,591	770,364	136,797	93,087
Net Income Growth	-	704.02%	-98.50%	463.14%	46.96%	155.61%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.20%	-	-	-	-	-0.07%
EPS (Basic)	30299.54	21594.92	2685.86	178503.12	31697.67	21569.48
EPS (Diluted)	30299.54	21594.92	2685.86	178503.12	31697.67	21569.48
EPS Growth	-	704.02%	-98.50%	463.14%	46.96%	155.78%
Free Cash Flow	382,661	340,504	-121,238	242,358	511,185	142,121
Free Cash Flow Per Share	88668.29	78899.19	-28092.41	56157.48	118447.93	32931.17
Dividend Per Share	10000.000	10000.000	10000.000	50000.000	5000.000	2000.000
Dividend Growth	0%	0%	-80.00%	900.00%	150.00%	16.67%
Gross Margin	7.53%	7.06%	4.87%	19.77%	9.66%	9.42%
Operating Margin	3.16%	2.84%	1.39%	16.56%	5.16%	5.40%
Profit Margin	1.72%	1.24%	0.13%	8.96%	2.65%	1.56%
Free Cash Flow Margin	5.04%	4.52%	-1.36%	2.82%	9.90%	2.38%
EBITDA	502,220	461,176	360,735	1,621,863	477,716	524,238
EBITDA Margin	6.61%	6.13%	4.06%	18.87%	9.26%	8.76%
D&A For EBITDA	261,977	247,783	237,142	198,212	211,197	201,325
EBIT	240,242	213,393	123,594	1,423,651	266,519	322,913
EBIT Margin	3.16%	2.83%	1.39%	16.56%	5.16%	5.40%
Effective Tax Rate	13.87%	19.74%	37.43%	28.22%	24.73%	46.96%
Advertising Expenses	-	3,710	3,027	2,169	2,011	3,771

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