Palestine Telecommunications Company P.L.C (PEX: PALTEL)

PALTEL Income Statement

Financials in millions JOD. 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	250.45	280.44	308.9	308.58	296.77	297.64
Revenue Growth (YoY)	-17.42%	-9.21%	0.10%	3.98%	-0.29%	-2.56%
Cost of Revenue	50.4	56.4	62.98	62.09	69.4	73.74
Gross Profit	200.05	224.04	245.92	246.49	227.36	223.9
Selling, General & Admin	97.23	104.09	117.34	114.94	96.47	99.18
Other Operating Expenses	-6.92	1.75	2.09	1.87	1.74	1.61
Operating Expenses	149.79	165.32	169.4	170.33	162.93	160.48
Operating Income	50.26	58.72	76.53	76.16	64.43	63.42
Interest Expense	-	-0.21	-0.31	-0.31	-7.63	-9.78
Interest & Investment Income	1.19	1.14	2.27	7.02	5.96	14.85
Earnings From Equity Investments	-0.29	-0.29	0.61	1.49	3.11	0.98
Currency Exchange Gain (Loss)	3.81	2.92	-1.14	0.53	1.53	5.36
Other Non Operating Income (Expenses)	-5.91	-5.91	-3.14	-10.04	-1.1	-5.76
EBT Excluding Unusual Items	49.07	56.38	74.82	74.85	66.3	69.08
Gain (Loss) on Sale of Investments	-	-	-	-	-5.66	12.92
Gain (Loss) on Sale of Assets	0.44	0.44	-0.04	0.75	-0.03	0.49
Asset Writedown	-4.38	-2.44	-	-	-	-5.74
Pretax Income	45.13	54.38	74.78	75.6	60.6	76.74
Income Tax Expense	8.86	11.03	17.69	18.43	17.11	12.86
Earnings From Continuing Operations	36.27	43.35	57.1	57.17	43.49	63.89
Earnings From Discontinued Operations	-	-	8.77	10.85	-	-
Net Income to Company	36.27	43.35	65.87	68.02	43.49	63.89
Minority Interest in Earnings	-0.07	-0.01	-0.62	-0.59	-0.45	0.08
Net Income	36.2	43.34	65.24	67.43	43.04	63.97
Net Income to Common	36.2	43.34	65.24	67.43	43.04	63.97
Net Income Growth	-37.88%	-33.58%	-3.24%	56.68%	-32.72%	-4.66%
Shares Outstanding (Basic)	132	132	132	132	132	132
Shares Outstanding (Diluted)	132	132	132	132	132	132
Shares Change (YoY)	-0.08%	-	-	-	-	-
EPS (Basic)	0.28	0.33	0.50	0.51	0.33	0.49
EPS (Diluted)	0.28	0.33	0.50	0.51	0.33	0.49
EPS Growth	-37.83%	-33.58%	-3.24%	56.68%	-32.72%	-4.66%
Free Cash Flow	45.36	35.95	36.88	109.09	66.19	82.21
Free Cash Flow Per Share	0.34	0.27	0.28	0.83	0.50	0.62
Dividend Per Share	0.300	0.300	0.400	0.400	0.300	0.400
Dividend Growth	-25.00%	-25.00%	0%	33.33%	-25.00%	0%
Gross Margin	79.88%	79.89%	79.61%	79.88%	76.61%	75.22%
Operating Margin	20.07%	20.94%	24.77%	24.68%	21.71%	21.31%
Profit Margin	14.46%	15.45%	21.12%	21.85%	14.50%	21.49%
Free Cash Flow Margin	18.11%	12.82%	11.94%	35.35%	22.30%	27.62%
EBITDA	99.87	106.43	121.73	122.93	113.89	112.93
EBITDA Margin	39.88%	37.95%	39.41%	39.84%	38.38%	37.94%
D&A For EBITDA	49.61	47.72	45.2	46.77	49.46	49.51
EBIT	50.26	58.72	76.53	76.16	64.43	63.42
EBIT Margin	20.07%	20.94%	24.77%	24.68%	21.71%	21.31%
Effective Tax Rate	19.62%	20.28%	23.65%	24.38%	28.23%	16.75%
Advertising Expenses	-	-	-	-	-	10.36

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