Real Estate Investments Zambia PLC (LUSE:REIZUSD)

LUSE:REIZUSD Income Statement

Financials in millions ZMW. Fiscal year is January - December.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	65.34	55.89	58.8	62.52	67.39
Other Revenue	9.62	-	-	-	-
Total Revenue	74.96	55.89	58.8	62.52	67.39
Revenue Growth (YoY	34.11%	-4.94%	-5.95%	-7.23%	33.24%
Property Expenses	28.84	10.03	12.17	15.27	10.51
Selling, General & Administrative	0.33	0.08	11.72	11.38	11.71
Other Operating Expenses	20.03	24.13	-0.12	-0.29	-0.03
Total Operating Expenses	49.2	34.25	31.62	37.66	29.52
Operating Income	25.76	21.65	27.19	24.87	37.87
Interest Expense	-22.56	-28.95	-33.29	-40.23	-27.21
Interest & Investment Income	0.02	0.02	0.04	0.02	0.06
Currency Exchange Gain (Loss)	-60.33	-11.86	93.24	-150.89	-37.71
EBT Excluding Unusual Items	-57.12	-19.15	87.17	-166.23	-26.98
Gain (Loss) on Sale of Assets	-	-	-2.5	0.19	-
Asset Writedown	22.82	81.52	-403.43	141.72	53.5
Pretax Income	-34.3	62.37	-318.76	-24.32	26.52
Income Tax Expense	-	-	5.75	5.54	6.73
Net Income	-34.3	62.37	-324.51	-29.85	19.79
Net Income to Common	-34.3	62.37	-324.51	-29.85	19.79
Net Income Growth	-	-	-	-	600.88%
Basic Shares Outstanding	215	77	56	56	56
Diluted Shares Outstanding	215	79	56	56	56
Shares Change (YoY)	171.00%	40.46%	-	-	-
EPS (Basic)	-0.16	0.81	-5.75	-0.53	0.35
EPS (Diluted)	-0.16	0.81	-5.75	-0.53	0.35
EPS Growth	-	-	-	-	600.89%
Operating Margin	34.37%	38.73%	46.23%	39.77%	56.20%
Profit Margin	-45.76%	111.59%	-551.88%	-47.75%	29.37%
EBITDA	27.64	23.58	28.91	26.93	39.89
EBITDA Margin	36.88%	42.18%	49.17%	43.06%	59.19%
D&A For Ebitda	1.88	1.93	1.73	2.06	2.02
EBIT	25.76	21.65	27.19	24.87	37.87
EBIT Margin	34.37%	38.73%	46.23%	39.77%	56.20%
Effective Tax Rate	-	-	-	-	25.37%

Updated Mar 16, 2020. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.