Smart Products Nigeria Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Rental Revenue	57.43	51.84	45.21	45.98	44.37	45.39
Gain (Loss) on Sale of Investments (Rev)	0.93	0.93	0.05	0.23	-	-
Other Revenue	3.84	3.84	5.15	6.95	3.12	2.66
Total Revenue	62.2	56.61	52.41	54.84	49.42	49.84
Revenue Growth (YoY	13.41%	8.00%	-4.42%	10.97%	-0.84%	0.55%
Selling, General & Administrative	0.44	0.44	0.43	0.43	0.38	0.72
Depreciation & Amortization	6.15	6.15	5.26	4.4	4	3.93
Other Operating Expenses	45.88	42.74	32.92	29.7	25.17	24.27
Total Operating Expenses	52.47	49.33	39.12	41.08	39.63	38.79
Operating Income	9.73	7.28	13.3	13.76	9.79	11.05
Other Non-Operating Income	-	-	-5	-4.63	-0.1	-2.91
EBT Excluding Unusual Items	9.73	7.28	8.3	9.13	9.69	8.15
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.16
Pretax Income	9.73	7.28	8.3	9.13	9.69	7.99
Income Tax Expense	0.7	0.7	2.21	1.69	2.3	2.56
Net Income	9.03	6.59	6.08	7.43	7.38	5.43
Net Income to Common	9.03	6.59	6.08	7.43	7.38	5.43
Net Income Growth	21.48%	8.24%	-18.17%	0.68%	35.97%	-54.13%
Basic Shares Outstanding	47	47	47	45	45	45
Diluted Shares Outstanding	47	47	47	45	45	45
Shares Change (YoY)	5.00%	-	5.00%	-	-	-
EPS (Basic)	0.19	0.14	0.13	0.17	0.16	0.12
EPS (Diluted)	0.19	0.14	0.13	0.17	0.16	0.12
EPS Growth	15.69%	8.24%	-22.07%	0.68%	35.97%	-54.13%
Dividend Per Share	-	0.080	0.080	0.100	0.100	0.100
Dividend Growth	-	-	-20.00%	-	-	-33.33%
Operating Margin	15.64%	12.86%	25.37%	25.09%	19.81%	22.18%
Profit Margin	14.52%	11.63%	11.61%	13.56%	14.94%	10.90%
EBITDA	16.1	13.43	18.56	18.16	13.79	14.98
EBITDA Margin	25.88%	23.72%	35.41%	33.12%	27.90%	30.06%
D&A For Ebitda	6.37	6.15	5.26	4.4	4	3.93
EBIT	9.73	7.28	13.3	13.76	9.79	11.05
EBIT Margin	15.64%	12.86%	25.37%	25.09%	19.81%	22.18%
Effective Tax Rate	7.17%	9.58%	26.68%	18.54%	23.78%	32.02%
Revenue as Reported	62.2	56.61	52.41	54.84	49.43	49.84

Updated May 9, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.