Commercial Real Estate Company K.P.S.C. (KWSE: ALTIJARIA)

ALTIJARIA Income Statement

Financials in millions KWD. 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	31.21	30.6	29.63	43.25	20.52	30.22
Other Revenue	4.46	-	-	-	-0.61	7.15
Revenue	35.67	30.6	29.63	43.25	19.91	37.37
Revenue Growth (YoY)	0.05%	3.30%	-31.51%	117.28%	-46.74%	0.34%
Cost of Revenue	8.84	8.52	7.9	8.55	7.15	10
Gross Profit	26.84	22.09	21.73	34.71	12.76	27.37
Selling, General & Admin	2.87	3.04	2.12	2.66	2.6	3.46
Other Operating Expenses	-0.52	0.22	0.21	0.27	0.85	0.34
Operating Expenses	2.35	3.26	2.33	2.93	3.45	3.8
Operating Income	24.49	18.83	19.39	31.78	9.3	23.57
Interest Expense	-12.5	-11.26	-6.66	-5.5	-6.43	-8.47
Earnings From Equity Investments	2.71	2.71	-2.23	-0.63	-	-
Other Non Operating Income (Expenses)	-2.4	-2.37	-1.57	-2.36	-	-0.63
EBT Excluding Unusual Items	12.29	7.91	8.93	23.28	2.88	14.47
Gain (Loss) on Sale of Investments	10.11	10.11	8.04	-1.74	-	-0.03
Asset Writedown	-1.81	-1.81	-3.5	-4.25	-0.64	1.86
Legal Settlements	-	-	-	-4.43	-	-
Pretax Income	20.59	16.21	13.46	12.86	2.24	16.31
Income Tax Expense	0.11	0.08	0.07	0.13	-	0.06
Earnings From Continuing Operations	20.48	16.13	13.39	12.73	2.24	16.25
Minority Interest in Earnings	-1.79	-1.71	-0.91	-0.19	-1.23	-1.66
Net Income	18.7	14.42	12.48	12.54	1.01	14.58
Net Income to Common	18.7	14.42	12.48	12.54	1.01	14.58
Net Income Growth	109.64%	15.58%	-0.46%	1147.02%	-93.11%	0.55%
Shares Outstanding (Basic)	1,776	1,775	1,811	1,824	1,878	1,900
Shares Outstanding (Diluted)	1,776	1,775	1,811	1,824	1,878	1,900
Shares Change (YoY)	-0.54%	-2.01%	-0.67%	-2.89%	-1.16%	-0.09%
EPS (Basic)	0.01	0.01	0.01	0.01	0.00	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00	0.01
EPS Growth	110.77%	17.96%	0.22%	1184.86%	-93.03%	0.64%
Free Cash Flow	15.03	15.44	18.58	27.9	11.54	10.38
Free Cash Flow Per Share	0.01	0.01	0.01	0.02	0.01	0.01
Dividend Per Share	0.004	0.004	0.003	0.005	0.003	0.005
Dividend Growth	37.93%	37.93%	-40.82%	75.00%	-40.43%	2.17%
Gross Margin	75.23%	72.17%	73.33%	80.24%	64.08%	73.24%
Operating Margin	68.64%	61.53%	65.45%	73.47%	46.74%	63.06%
Profit Margin	52.42%	47.13%	42.12%	28.98%	5.05%	39.02%
Free Cash Flow Margin	42.12%	50.46%	62.72%	64.51%	57.98%	27.78%
EBITDA	25.7	20.04	20.58	32.84	11.07	25.45
EBITDA Margin	72.05%	65.46%	69.45%	75.92%	55.60%	68.08%
D&A For EBITDA	1.22	1.2	1.18	1.06	1.76	1.88
EBIT	24.49	18.83	19.39	31.78	9.3	23.57
EBIT Margin	68.64%	61.53%	65.45%	73.47%	46.74%	63.06%
Effective Tax Rate	0.53%	0.50%	0.54%	1.01%	-	0.37%
Revenue as Reported	35.45	30.6	29.63	43.25	-	29.24

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