Pakistan National Shipping Corporation (PSX: PNSC)

PNSC Income Statement

Financials in millions PKR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating Revenue	39,683	41,286	47,496	23,833	12,240	13,804
Other Revenue	-	-	-	73.92	-	-
Revenue	39,683	41,286	47,496	23,907	12,240	13,804
Revenue Growth (YoY)	-15.56%	-13.07%	98.67%	95.32%	-11.33%	21.20%
Cost of Revenue	26,310	27,365	27,507	19,674	9,910	9,227
Gross Profit	13,373	13,921	19,988	4,233	2,330	4,577
Selling, General & Admin	2,009	1,990	1,601	1,207	1,009	1,097
Other Operating Expenses	-2,967	-3,341	-5,488	-2,745	-263.91	221.7
Operating Expenses	-800.72	-1,211	-2,830	-632.86	458.93	1,584
Operating Income	14,174	15,132	22,818	4,866	1,871	2,992
Interest Expense	-741.61	-1,002	-1,400	-522.09	-549.62	-1,127
Interest & Investment Income	6,848	6,848	2,539	591.72	417.37	514.5
Currency Exchange Gain (Loss)	-188.11	-188.11	3,040	276.5	-43.19	115.68
Other Non Operating Income (Expenses)	1,400	1,400	1,308	740.56	177.34	-82.75
EBT Excluding Unusual Items	21,492	22,190	28,304	5,952	1,873	2,413
Gain (Loss) on Sale of Investments	199.24	199.24	-3.23	-10.5	13.84	3.05
Gain (Loss) on Sale of Assets	32.71	32.71	3,340	108.4	67.15	15.96
Asset Writedown	234.75	234.76	127.85	224.93	323.49	88.49
Other Unusual Items	61.43	61.43	50.3	12.48	138.2	45.66
Pretax Income	22,060	22,758	31,877	6,297	2,442	2,582
Income Tax Expense	2,513	2,576	1,882	647.25	177.17	167.87
Earnings From Continuing Operations	19,547	20,182	29,994	5,650	2,265	2,414
Minority Interest in Earnings	-1.65	-1.65	-1.03	-4.32	-1.25	-0.61
Net Income	19,545	20,180	29,993	5,646	2,264	2,413
Net Income to Common	19,545	20,180	29,993	5,646	2,264	2,413
Net Income Growth	-36.69%	-32.72%	431.27%	149.39%	-6.19%	10.00%
Shares Outstanding (Basic)	198	198	198	198	198	198
Shares Outstanding (Diluted)	198	198	198	198	198	198
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	98.67	101.87	151.41	28.50	11.43	12.18
EPS (Diluted)	98.67	101.87	151.41	28.50	11.43	12.18
EPS Growth	-36.69%	-32.72%	431.27%	149.39%	-6.19%	10.00%
Free Cash Flow	12,186	13,381	10,061	6,074	2,449	2,005
Free Cash Flow Per Share	61.52	67.55	50.79	30.66	12.36	10.12
Dividend Per Share	23.333	23.333	13.333	3.333	2.000	1.500
Dividend Growth	75.00%	75.00%	300.00%	66.66%	33.33%	12.50%
Gross Margin	33.70%	33.72%	42.08%	17.71%	19.03%	33.15%
Operating Margin	35.72%	36.65%	48.04%	20.35%	15.28%	21.68%
Profit Margin	49.25%	48.88%	63.15%	23.61%	18.49%	17.48%
Free Cash Flow Margin	30.71%	32.41%	21.18%	25.41%	20.01%	14.53%
EBITDA	16,480	17,168	25,159	6,703	3,518	4,451
EBITDA Margin	41.53%	41.58%	52.97%	28.04%	28.74%	32.24%
D&A For EBITDA	2,306	2,036	2,341	1,837	1,647	1,458
EBIT	14,174	15,132	22,818	4,866	1,871	2,992
EBIT Margin	35.72%	36.65%	48.04%	20.35%	15.28%	21.68%
Effective Tax Rate	11.39%	11.32%	5.90%	10.28%	7.25%	6.50%
Revenue as Reported	43,907	46,363	54,597	27,783	12,789	13,804
Advertising Expenses	-	24.04	32.76	19.16	12.79	13.68

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