HKT Trust and HKT Limited (HKTTY)

HKT Trust and HKT Income Statement

Financials in millions HKD. 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	34,599	34,330	34,125	33,961	32,389	33,103
Revenue Growth (YoY)	0.67%	0.60%	0.48%	4.85%	-2.16%	-5.92%
Cost of Revenue	17,666	17,454	17,094	16,729	15,703	15,787
Gross Profit	16,933	16,876	17,031	17,232	16,686	17,316
Selling, General & Admin	9,002	9,130	9,777	10,127	9,495	9,622
Operating Expenses	9,002	9,130	9,777	10,127	9,495	9,622
Operating Income	7,931	7,746	7,254	7,105	7,191	7,694
Interest Expense	-2,122	-2,012	-1,472	-1,175	-1,297	-1,435
Interest & Investment Income	56	56	29	33	44	64
Earnings From Equity Investments	-138	-114	-97	-130	-79	-51
Currency Exchange Gain (Loss)	-97	-97	-55	24	4	48
Other Non Operating Income (Expenses)	-121	-71	-99	-38	-41	-46
EBT Excluding Unusual Items	5,509	5,508	5,560	5,819	5,822	6,274
Merger & Restructuring Charges	-	-	-	-	-3	-
Gain (Loss) on Sale of Assets	-	-	-	-	-35	-
Asset Writedown	-	-	-	-	-302	-
Other Unusual Items	-	-	-	-	692	-
Pretax Income	5,509	5,508	5,560	5,819	6,174	6,274
Income Tax Expense	459	496	641	997	855	1,037
Earnings From Continuing Operations	5,050	5,012	4,919	4,822	5,319	5,237
Minority Interest in Earnings	-21	-21	-18	-14	-16	-20
Net Income	5,029	4,991	4,901	4,808	5,303	5,217
Net Income to Common	5,029	4,991	4,901	4,808	5,303	5,217
Net Income Growth	1.74%	1.84%	1.93%	-9.33%	1.65%	8.12%
Shares Outstanding (Basic)	7,575	7,575	7,574	7,573	7,575	7,571
Shares Outstanding (Diluted)	7,576	7,576	7,575	7,574	7,576	7,573
Shares Change (YoY)	0.01%	0.01%	0.01%	-0.03%	0.04%	-0.01%
EPS (Basic)	0.66	0.66	0.65	0.63	0.70	0.69
EPS (Diluted)	0.66	0.66	0.65	0.63	0.70	0.69
EPS Growth	1.72%	1.82%	1.92%	-9.31%	1.61%	8.13%
Free Cash Flow	9,708	9,123	8,438	8,263	8,163	8,442
Free Cash Flow Per Share	1.28	1.20	1.11	1.09	1.08	1.11
Dividend Per Share	0.774	0.765	0.745	0.728	0.711	0.704
Dividend Growth	2.87%	2.66%	2.39%	2.39%	0.98%	3.06%
Gross Margin	48.94%	49.16%	49.91%	50.74%	51.52%	52.31%
Operating Margin	22.92%	22.56%	21.26%	20.92%	22.20%	23.24%
Profit Margin	14.54%	14.54%	14.36%	14.16%	16.37%	15.76%
Free Cash Flow Margin	28.06%	26.57%	24.73%	24.33%	25.20%	25.50%
EBITDA	10,078	9,934	9,413	9,310	9,061	9,533
EBITDA Margin	29.13%	28.94%	27.58%	27.41%	27.98%	28.80%
D&A For EBITDA	2,147	2,188	2,159	2,205	1,870	1,839
EBIT	7,931	7,746	7,254	7,105	7,191	7,694
EBIT Margin	22.92%	22.56%	21.26%	20.92%	22.20%	23.24%
Effective Tax Rate	8.33%	9.01%	11.53%	17.13%	13.85%	16.53%

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