Kuwait Projects Company Holding K.S.C.P. (KWSE: KPROJ)

KPROJ 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
Interest Income on Loans	714.26	574.42	385.24	306.56	328.4	408.53
Interest Paid on Deposits	566.99	442.59	274.05	210.12	229.15	289.36
Net Interest Income	147.27	131.83	111.19	96.44	99.25	119.17
Net Interest Income Growth (YoY)	42.67%	18.56%	15.30%	-2.83%	-16.72%	-19.14%
Gain (Loss) on Sale of Assets	6.26	6.25	0.06	26.45	-0.02	0.01
Gain (Loss) on Sale of Investments	4.41	4.3	-5.27	41.05	83.47	11.62
Gain (Loss) on Sale of Equity Investments	5.3	10.95	16.86	42.98	11.67	-44.95
Other Non-Interest Income	714.95	690.72	362.89	311.59	305.61	312.99
Total Non-Interest Income	730.92	712.21	374.54	422.07	400.73	279.68
Non-Interest Income Growth (YoY)	8.82%	90.16%	-11.26%	5.33%	43.28%	-7.68%
Revenues Before Loan Losses	878.19	844.04	485.73	518.51	499.98	398.85
Provision for Loan Losses	31.77	42.02	34.19	74.17	65.39	25.24
Revenue	846.43	802.02	451.54	444.34	434.59	373.61
Revenue Growth (YoY)	16.89%	77.62%	1.62%	2.24%	16.32%	-15.57%
Occupancy Expenses	42.15	43.41	33.1	28.33	27.91	23.71
Selling, General & Administrative	249.82	227.73	213.27	177.74	161.14	187.64
Other Non-Interest Expense	500.87	511.65	460.35	202.13	191.08	136.98
Total Non-Interest Expense	792.83	782.79	706.72	408.2	380.13	348.34
EBT Excluding Unusual Items	53.59	19.23	-255.18	36.15	54.46	25.28
Asset Writedown	-1.71	-1.71	-22.17	-7.17	-10.7	9.96
Other Unusual Items	-2.88	-	307.26	-	-	-
Pretax Income	49.01	17.52	29.9	28.98	3.09	28.59
Income Tax Expense	32.05	35.6	31.06	9.36	3.08	16.48
Earnings From Continuing Operations	16.95	-18.09	-1.15	19.62	0.01	12.11
Earnings From Discontinued Operations	73.08	84.57	17.85	2	2.54	-
Minority Interest in Earnings	-59.17	-36.46	8.57	-4.17	-1.42	-51.46
Net Income	30.87	30.03	25.26	17.46	1.14	-39.35
Preferred Dividends & Other Adjustments	3.02	6.82	6.85	5.84	5.78	13.8
Net Income to Common	27.85	23.21	18.41	11.62	-4.64	-53.15
Net Income Growth	-0.30%	18.86%	44.71%	1437.89%	-	-
Basic Shares Outstanding	-	4,548	2,660	1,932	1,812	1,602
Diluted Shares Outstanding	-	4,548	2,660	1,932	1,812	1,602
Shares Change (YoY)	-	70.99%	37.66%	6.60%	13.12%	12.52%
EPS (Basic)	-	0.01	0.01	0.01	-0.00	-0.03
EPS (Diluted)	-	0.01	0.01	0.01	-0.00	-0.03
EPS Growth	-	-26.29%	15.14%	-	-	-
Dividend Per Share	-	-	-	0.005	0.005	0.010
Dividend Growth	-	-	-	0%	-50.00%	-16.67%
Effective Tax Rate	65.41%	203.25%	103.86%	32.29%	99.61%	57.64%

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