Dawood Hercules Corporation Limited (PSX: DAWH)

DAWH Income Statement

Financials in millions PKR. 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	514,216	482,489	356,643	311,781	248,883	225,765
Revenue Growth (YoY)	57.63%	35.29%	14.39%	25.27%	10.24%	31.59%
Cost of Revenue	362,544	327,007	252,075	212,198	173,230	157,325
Gross Profit	151,672	155,481	104,568	99,582	75,653	68,441
Selling, General & Admin	31,764	28,777	22,179	17,727	16,814	15,617
Other Operating Expenses	-6,045	-4,595	1,555	2,323	-2,813	2,089
Operating Expenses	25,719	24,182	23,733	20,050	14,001	17,706
Operating Income	125,953	131,299	80,835	79,532	61,652	50,735
Interest Expense	-37,783	-36,690	-22,433	-13,490	-17,502	-13,761
Interest & Investment Income	23,103	23,103	13,307	8,342	11,838	13,697
Earnings From Equity Investments	5,439	5,242	3,215	3,227	2,796	1,148
Currency Exchange Gain (Loss)	-1,252	-1,252	-3,787	-1,058	-358.29	-1,345
Other Non Operating Income (Expenses)	-7,205	-10,615	-6,761	-5,543	-5,066	-1,732
EBT Excluding Unusual Items	108,254	111,086	64,375	71,009	53,359	48,742
Gain (Loss) on Sale of Investments	-	-	-71.15	-691.37	-484.55	-1,224
Gain (Loss) on Sale of Assets	94.12	94.12	729.92	7.64	2.7	3.63
Asset Writedown	-30,011	-30,011	1,458	-120.97	-17.95	-452.48
Pretax Income	78,577	81,409	66,598	70,259	52,862	47,068
Income Tax Expense	36,658	45,044	23,678	19,554	10,232	16,982
Earnings From Continuing Operations	41,919	36,365	42,920	50,705	42,630	30,087
Earnings From Discontinued Operations	-11,448	-	0.07	29.28	-279.36	-299.79
Net Income to Company	30,472	36,365	42,920	50,735	42,351	29,787
Minority Interest in Earnings	-20,412	-28,043	-37,054	-42,211	-34,768	-24,134
Net Income	10,060	8,322	5,866	8,524	7,583	5,653
Net Income to Common	10,060	8,322	5,866	8,524	7,583	5,653
Net Income Growth	41.43%	41.87%	-31.18%	12.41%	34.13%	-60.32%
Shares Outstanding (Basic)	481	481	481	481	481	481
Shares Outstanding (Diluted)	481	481	481	481	481	481
EPS (Basic)	20.90	17.29	12.19	17.71	15.75	11.75
EPS (Diluted)	20.90	17.29	12.19	17.71	15.75	11.75
EPS Growth	41.43%	41.87%	-31.18%	12.41%	34.13%	-60.32%
Free Cash Flow	29,340	73,055	33,961	25,806	41,038	-28,665
Free Cash Flow Per Share	60.96	151.79	70.56	53.62	85.27	-59.56
Dividend Per Share	10.000	18.000	15.000	9.500	9.000	13.000
Dividend Growth	-54.55%	20.00%	57.89%	5.56%	-30.77%	30.00%
Gross Margin	29.50%	32.22%	29.32%	31.94%	30.40%	30.31%
Operating Margin	24.49%	27.21%	22.67%	25.51%	24.77%	22.47%
Profit Margin	1.96%	1.72%	1.64%	2.73%	3.05%	2.50%
Free Cash Flow Margin	5.71%	15.14%	9.52%	8.28%	16.49%	-12.70%
EBITDA	143,369	149,840	95,479	91,449	75,025	61,387
EBITDA Margin	27.88%	31.06%	26.77%	29.33%	30.14%	27.19%
D&A For EBITDA	17,416	18,541	14,645	11,917	13,374	10,652
EBIT	125,953	131,299	80,835	79,532	61,652	50,735
EBIT Margin	24.49%	27.21%	22.67%	25.51%	24.77%	22.47%
Effective Tax Rate	46.65%	55.33%	35.55%	27.83%	19.36%	36.08%
Advertising Expenses	-	1,091	1,174	670.66	626.06	1,061

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