Gulf Cable and Electrical Industries Company - KPSC (KWSE: CABLE)

CABLE 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
Revenue	104.96	102.22	102.5	68.49	76.15	67.72
Revenue Growth (YoY)	-2.23%	-0.27%	49.65%	-10.06%	12.45%	-16.69%
Cost of Revenue	89.31	89.09	89.56	54.96	67.25	61.75
Gross Profit	15.64	13.12	12.94	13.53	8.9	5.97
Selling, General & Admin	8.97	9.03	7.49	7.18	5.59	5.89
Other Operating Expenses	-	-	-	-	-	0.14
Operating Expenses	11.67	10	7.81	8.99	5.95	5.56
Operating Income	3.97	3.12	5.13	4.55	2.95	0.41
Interest Expense	-1.64	-1.89	-1.99	-0.35	-0.4	-0.49
Interest & Investment Income	11.81	17.45	6.85	1.65	3.2	4.41
Earnings From Equity Investments	5.66	3.21	3.76	0.41	0.04	0.02
Currency Exchange Gain (Loss)	0.53	0.47	0.45	0.2	0.34	0.36
Other Non Operating Income (Expenses)	-	-0.2	-0.06	-0.06	-	-0.01
EBT Excluding Unusual Items	20.35	22.16	14.13	6.41	6.13	4.69
Gain (Loss) on Sale of Investments	-0.05	-0.31	0	-0.02	-0	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.05
Asset Writedown	-	-	-	-	-	-0.38
Other Unusual Items	-	-	-	10.83	-	-
Pretax Income	20.29	21.85	14.14	17.22	6.13	4.27
Income Tax Expense	0.76	0.83	1.18	1.1	0.57	0.05
Earnings From Continuing Operations	19.53	21.02	12.96	16.12	5.56	4.21
Minority Interest in Earnings	0.02	0.02	-0.01	-0.07	0.01	0.02
Net Income	19.55	21.04	12.95	16.06	5.57	4.23
Net Income to Common	19.55	21.04	12.95	16.06	5.57	4.23
Net Income Growth	-1.35%	62.49%	-19.36%	188.22%	31.61%	-49.71%
Shares Outstanding (Basic)	208	208	209	209	209	210
Shares Outstanding (Diluted)	208	208	209	209	209	210
Shares Change (YoY)	0.13%	-0.22%	-0.25%	-0.10%	-0.33%	-
EPS (Basic)	0.09	0.10	0.06	0.08	0.03	0.02
EPS (Diluted)	0.09	0.10	0.06	0.08	0.03	0.02
EPS Growth	-1.47%	62.85%	-19.16%	188.51%	32.05%	-49.71%
Free Cash Flow	7.69	3.61	3.18	12.31	-15.26	6.86
Free Cash Flow Per Share	0.04	0.02	0.02	0.06	-0.07	0.03
Dividend Per Share	0.065	0.065	0.060	0.060	0.050	0.040
Dividend Growth	8.33%	8.33%	0%	20.00%	25.00%	48.15%
Gross Margin	14.90%	12.84%	12.62%	19.76%	11.69%	8.82%
Operating Margin	3.78%	3.06%	5.00%	6.64%	3.87%	0.60%
Profit Margin	18.63%	20.58%	12.63%	23.44%	7.32%	6.25%
Free Cash Flow Margin	7.33%	3.53%	3.10%	17.97%	-20.05%	10.14%
EBITDA	5.82	4.97	6.75	6.04	4.04	1.41
EBITDA Margin	5.55%	4.86%	6.59%	8.82%	5.31%	2.08%
D&A For EBITDA	1.85	1.84	1.63	1.5	1.09	1
EBIT	3.97	3.12	5.13	4.55	2.95	0.41
EBIT Margin	3.78%	3.06%	5.00%	6.64%	3.87%	0.60%
Effective Tax Rate	3.75%	3.81%	8.32%	6.39%	9.26%	1.22%

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