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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	239.11	280.44	308.9	308.58	296.77	297.64
Revenue Growth (YoY)	-19.73%	-9.21%	0.10%	3.98%	-0.29%	-2.56%
Cost of Revenue	47.49	56.4	62.98	62.09	69.4	73.74
Gross Profit	191.63	224.04	245.92	246.49	227.36	223.9
Selling, General & Admin	88.23	104.09	117.34	114.94	96.47	99.18
Other Operating Expenses	-8.1	1.75	2.09	1.87	1.74	1.61
Operating Expenses	139.62	165.32	169.4	170.33	162.93	160.48
Operating Income	52.01	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	1.69	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)	1.78	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	49.29	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	45.34	54.38	74.78	75.6	60.6	76.74
Income Tax Expense	7.87	11.03	17.69	18.43	17.11	12.86
Earnings From Continuing Operations	37.48	43.35	57.1	57.17	43.49	63.89
Earnings From Discontinued Operations	-	-	8.77	10.85	-	-
Net Income to Company	37.48	43.35	65.87	68.02	43.49	63.89
Minority Interest in Earnings	-0.04	-0.01	-0.62	-0.59	-0.45	0.08
Net Income	37.43	43.34	65.24	67.43	43.04	63.97
Net Income to Common	37.43	43.34	65.24	67.43	43.04	63.97
Net Income Growth	-26.80%	-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)	0.09%	-	-	-	-	-
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	-26.86%	-33.58%	-3.24%	56.68%	-32.72%	-4.66%
Free Cash Flow	37.17	35.95	36.88	109.09	66.19	82.21
Free Cash Flow Per Share	0.28	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	80.14%	79.89%	79.61%	79.88%	76.61%	75.22%
Operating Margin	21.75%	20.94%	24.77%	24.68%	21.71%	21.31%
Profit Margin	15.66%	15.45%	21.12%	21.85%	14.50%	21.49%
Free Cash Flow Margin	15.54%	12.82%	11.94%	35.35%	22.30%	27.62%
EBITDA	102.02	106.43	121.73	122.93	113.89	112.93
EBITDA Margin	42.66%	37.95%	39.41%	39.84%	38.38%	37.94%
D&A For EBITDA	50.01	47.72	45.2	46.77	49.46	49.51
EBIT	52.01	58.72	76.53	76.16	64.43	63.42
EBIT Margin	21.75%	20.94%	24.77%	24.68%	21.71%	21.31%
Effective Tax Rate	17.35%	20.28%	23.65%	24.38%	28.23%	16.75%
Advertising Expenses	-	-	-	-	-	10.36

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