Salhia Real Estate Company K.S.C.P. (KWSE: SRE)

SRE 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	42.47	40.59	35.94	21.07	19.35	44.62
Revenue Growth (YoY)	6.07%	12.94%	70.59%	8.90%	-56.64%	-1.85%
Cost of Revenue	9.29	9.33	8.82	4.87	8.73	18.67
Gross Profit	33.18	31.26	27.12	16.2	10.62	25.95
Selling, General & Admin	5.01	5.12	4.66	4.2	4.38	6
Other Operating Expenses	0.31	0.42	0.38	0.25	0.56	0.57
Operating Expenses	12.79	11.73	10.5	7.95	9.99	12.44
Operating Income	20.39	19.53	16.62	8.25	0.63	13.51
Interest Expense	-13.04	-6.36	-2.83	-0.51	-0.5	-1.45
Interest & Investment Income	0.09	0.06	0.55	0.03	0.47	0.89
Earnings From Equity Investments	4.89	2.67	2.33	0	-0.57	1.87
Currency Exchange Gain (Loss)	-0.02	-0.02	0.17	0.03	0	-0.05
Other Non Operating Income (Expenses)	0.7	0.28	0.05	0.37	0.4	0.28
EBT Excluding Unusual Items	13	16.15	16.89	8.16	0.44	15.04
Gain (Loss) on Sale of Assets	-0	0.54	-	1.36	21.88	7.6
Asset Writedown	-1.03	-1.03	-1.67	-	-0.62	-0.41
Other Unusual Items	-0.12	-0.17	-0.15	0.11	-0.22	-0.23
Pretax Income	11.86	16.24	15.06	9.63	21.48	22.01
Income Tax Expense	0.12	0.17	0.49	0.28	0.24	0.39
Earnings From Continuing Operations	11.73	16.08	14.57	9.35	21.23	21.62
Minority Interest in Earnings	-0.1	-0.06	-0.01	-0	0.08	-0.11
Net Income	11.63	16.01	14.56	9.35	21.31	21.51
Net Income to Common	11.63	16.01	14.56	9.35	21.31	21.51
Net Income Growth	-20.30%	9.95%	55.76%	-56.14%	-0.94%	24.27%
Shares Outstanding (Basic)	573	574	570	574	573	570
Shares Outstanding (Diluted)	573	574	570	574	573	570
Shares Change (YoY)	-0.15%	0.77%	-0.78%	0.21%	0.57%	-0.28%
EPS (Basic)	0.02	0.03	0.03	0.02	0.04	0.04
EPS (Diluted)	0.02	0.03	0.03	0.02	0.04	0.04
EPS Growth	-20.18%	9.12%	56.99%	-56.23%	-1.50%	24.63%
Free Cash Flow	30.83	17.57	21.28	9.3	17.07	23.9
Free Cash Flow Per Share	0.05	0.03	0.04	0.02	0.03	0.04
Dividend Per Share	0.014	0.014	0.014	0.013	0.026	0.022
Dividend Growth	5.15%	5.15%	4.62%	-49.81%	19.91%	24.86%
Gross Margin	78.12%	77.01%	75.46%	76.89%	54.89%	58.15%
Operating Margin	48.00%	48.11%	46.25%	39.14%	3.27%	30.27%
Profit Margin	27.38%	39.45%	40.52%	44.37%	110.17%	48.22%
Free Cash Flow Margin	72.60%	43.30%	59.21%	44.13%	88.22%	53.57%
EBITDA	27.86	25.71	21.99	11.55	5.28	19.18
EBITDA Margin	65.60%	63.35%	61.18%	54.84%	27.27%	42.99%
D&A For EBITDA	7.47	6.18	5.37	3.31	4.64	5.68
EBIT	20.39	19.53	16.62	8.25	0.63	13.51
EBIT Margin	48.00%	48.11%	46.25%	39.14%	3.27%	30.27%
Effective Tax Rate	1.04%	1.04%	3.27%	2.88%	1.14%	1.77%

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