Oman Telecommunications Company SAOG (MSM: OTEL)

OTEL Income Statement

Financials in millions OMR. 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	2,990	2,943	2,683	2,408	2,511	2,592
Revenue Growth (YoY)	3.33%	9.69%	11.40%	-4.09%	-3.13%	18.58%
Cost of Revenue	1,333	1,311	1,196	1,001	939.09	744.32
Gross Profit	1,657	1,632	1,487	1,408	1,572	1,848
Selling, General & Admin	577.15	545.29	441.51	431.54	484.5	687.33
Operating Expenses	1,222	1,158	1,039	1,030	1,157	1,367
Operating Income	434.73	473.87	447.32	377.65	414.61	480.7
Interest Expense	-203.83	-199.91	-157.35	-138.6	-161.14	-191.66
Interest & Investment Income	37.91	35.5	15.17	10.68	10.92	11.27
Earnings From Equity Investments	5.82	4.37	5.47	4.4	1.41	2.66
Currency Exchange Gain (Loss)	-1.65	-	-	-	-	-16.25
Other Non Operating Income (Expenses)	69.28	36.34	-4.55	-3.66	-5.21	37.23
EBT Excluding Unusual Items	342.25	350.18	306.04	250.46	260.6	323.94
Gain (Loss) on Sale of Investments	0.46	-	-	-	-	-
Asset Writedown	-	-	-34.46	-	-	-
Other Unusual Items	-	-	-	0.39	6.32	12.85
Pretax Income	246.67	350.18	271.58	250.85	266.92	336.79
Income Tax Expense	32.81	34.69	20.69	34.13	38.12	37.12
Earnings From Continuing Operations	213.86	315.48	250.89	216.73	228.79	299.67
Earnings From Discontinued Operations	-	-	28.03	16.88	0.21	-
Net Income to Company	213.86	315.48	278.92	233.6	229.01	299.67
Minority Interest in Earnings	-153.61	-240.69	-187.61	-166.55	-162.09	-221.96
Net Income	60.25	74.79	91.32	67.05	66.91	77.71
Net Income to Common	60.25	74.79	91.32	67.05	66.91	77.71
Net Income Growth	-40.18%	-18.10%	36.19%	0.20%	-13.89%	19.92%
Shares Outstanding (Basic)	746	750	750	750	750	750
Shares Outstanding (Diluted)	746	750	750	750	750	750
Shares Change (YoY)	-0.54%	-	-	-	-	-
EPS (Basic)	0.08	0.10	0.12	0.09	0.09	0.10
EPS (Diluted)	0.08	0.10	0.12	0.09	0.09	0.10
EPS Growth	-39.69%	-17.84%	36.37%	-0.24%	-13.89%	19.93%
Free Cash Flow	475.22	508.48	466.33	371.28	494.46	538.12
Free Cash Flow Per Share	0.64	0.68	0.62	0.50	0.66	0.72
Dividend Per Share	0.050	0.060	0.055	0.055	0.055	0.055
Dividend Growth	-23.08%	9.09%	0%	0%	0%	10.00%
Gross Margin	55.41%	55.47%	55.42%	58.45%	62.60%	71.29%
Operating Margin	14.54%	16.10%	16.67%	15.68%	16.51%	18.54%
Profit Margin	2.02%	2.54%	3.40%	2.78%	2.66%	3.00%
Free Cash Flow Margin	15.89%	17.28%	17.38%	15.42%	19.69%	20.76%
EBITDA	1,015	986.7	951.12	970.25	958.27	1,025
EBITDA Margin	33.95%	33.53%	35.45%	40.29%	38.16%	39.55%
D&A For EBITDA	580.35	512.83	503.8	592.6	543.66	544.48
EBIT	434.73	473.87	447.32	377.65	414.61	480.7
EBIT Margin	14.54%	16.10%	16.67%	15.68%	16.51%	18.54%
Effective Tax Rate	13.30%	9.91%	7.62%	13.60%	14.28%	11.02%

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