Far-Eastern Shipping Company PLC. (MOEX: FESH)

FESH Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	158,641	172,004	162,639	113,709	62,168	56,673
Revenue Growth (YoY)	-6.70%	5.76%	43.03%	82.91%	9.70%	-0.56%
Cost of Revenue	102,382	97,787	72,665	54,580	42,060	37,205
Gross Profit	56,259	74,217	89,974	59,129	20,108	19,468
Selling, General & Admin	24,047	23,755	19,639	12,470	7,782	7,341
Other Operating Expenses	1,687	1,930	-1	551	542	320
Operating Expenses	40,226	37,199	26,286	19,930	11,283	11,146
Operating Income	16,033	37,018	63,688	39,199	8,825	8,322
Interest Expense	-6,034	-4,717	-4,509	-3,335	-3,312	-4,686
Interest & Investment Income	1,149	1,500	1,408	252	52	71
Earnings From Equity Investments	31	40	30	82	95	77
Currency Exchange Gain (Loss)	-813	8,476	-2,457	106	5,699	-2,713
Other Non Operating Income (Expenses)	1,901	-836	-1,280	-214	-662	-319
EBT Excluding Unusual Items	12,267	41,481	56,880	36,090	10,697	752
Gain (Loss) on Sale of Investments	5	5	4	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-208	123
Asset Writedown	-554	1,352	-12,793	4,221	-635	-141
Other Unusual Items	-	-	-	-	7	6
Pretax Income	11,718	42,838	44,091	40,311	9,861	740
Income Tax Expense	3,381	4,987	4,703	2,461	1,515	2,582
Earnings From Continuing Operations	8,337	37,851	39,388	37,850	8,346	-1,842
Minority Interest in Earnings	427	-149	-775	-544	-320	-390
Net Income	8,764	37,702	38,613	37,306	8,026	-2,232
Net Income to Common	8,764	37,702	38,613	37,306	8,026	-2,232
Net Income Growth	-84.15%	-2.36%	3.50%	364.81%	-	-
Shares Outstanding (Basic)	2,951	2,951	2,951	2,951	2,951	2,951
Shares Outstanding (Diluted)	2,951	2,951	2,951	2,951	2,951	2,951
EPS (Basic)	2.97	12.77	13.08	12.64	2.72	-0.76
EPS (Diluted)	2.97	12.77	13.08	12.64	2.72	-0.76
EPS Growth	-84.15%	-2.36%	3.50%	364.81%	-	-
Free Cash Flow	-15,399	-16,199	26,539	14,941	6,716	5,311
Free Cash Flow Per Share	-5.22	-5.49	8.99	5.06	2.28	1.80
Gross Margin	35.46%	43.15%	55.32%	52.00%	32.34%	34.35%
Operating Margin	10.11%	21.52%	39.16%	34.47%	14.20%	14.68%
Profit Margin	5.52%	21.92%	23.74%	32.81%	12.91%	-3.94%
Free Cash Flow Margin	-9.71%	-9.42%	16.32%	13.14%	10.80%	9.37%
EBITDA	24,769	44,911	68,893	44,783	10,900	10,211
EBITDA Margin	15.61%	26.11%	42.36%	39.38%	17.53%	18.02%
D&A For EBITDA	8,736	7,893	5,205	5,584	2,075	1,889
EBIT	16,033	37,018	63,688	39,199	8,825	8,322
EBIT Margin	10.11%	21.52%	39.16%	34.47%	14.20%	14.68%
Effective Tax Rate	28.85%	11.64%	10.67%	6.11%	15.36%	348.92%

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