Qatar Navigation Q.P.S.C. (QSE: QNNS)

Qatar Navigation Q.P.S.C. Income Statement

Financials in millions QAR. 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	2,865	2,942	3,285	2,784	2,267	2,425
Revenue Growth (YoY)	-5.21%	-10.45%	18.01%	22.78%	-6.49%	0.20%
Cost of Revenue	1,885	1,946	2,203	1,939	1,427	1,597
Gross Profit	979.79	995.3	1,083	844.56	840.48	827.26
Selling, General & Admin	5.65	5.65	3.81	3.18	3.77	4.02
Other Operating Expenses	169.75	154.16	176.86	210.25	164.92	171.88
Operating Expenses	570.65	558.97	595.76	591.6	561.7	544.67
Operating Income	409.15	436.33	486.86	252.96	278.78	282.6
Interest Expense	-37.96	-49.77	-59.21	-72.69	-83.84	-102.66
Interest & Investment Income	16.68	19.27	14.73	15.13	20.75	24.06
Earnings From Equity Investments	648.25	647.53	721.26	680.9	503.75	599.46
Currency Exchange Gain (Loss)	-0.98	-0.56	-1.43	6.1	-1.27	-0.82
EBT Excluding Unusual Items	1,035	1,053	1,162	882.41	718.16	802.64
Impairment of Goodwill	-	-	-	-7.29	-	-
Gain (Loss) on Sale of Assets	14.45	10.19	20.82	-4.7	87.44	16.09
Asset Writedown	-19.67	-19.67	-165.73	-140.34	-741.42	-271.77
Pretax Income	1,030	1,043	1,017	730.08	64.18	546.96
Income Tax Expense	21.19	13.79	0.83	3.5	4.96	1.01
Earnings From Continuing Operations	1,009	1,030	1,016	726.57	59.22	545.95
Minority Interest in Earnings	2.14	0.67	-3.72	-2.42	-0.12	0.8
Net Income	1,011	1,030	1,013	724.15	59.11	546.75
Net Income to Common	1,011	1,030	1,013	724.15	59.11	546.75
Net Income Growth	-0.85%	1.72%	39.85%	1125.18%	-89.19%	5.89%
Shares Outstanding (Basic)	1,136	1,136	1,136	1,136	1,136	1,136
Shares Outstanding (Diluted)	1,136	1,136	1,136	1,136	1,136	1,136
EPS (Basic)	0.89	0.91	0.89	0.64	0.05	0.48
EPS (Diluted)	0.89	0.91	0.89	0.64	0.05	0.48
EPS Growth	-0.85%	1.72%	39.85%	1125.19%	-89.19%	5.89%
Free Cash Flow	22.47	450.34	286.54	288.92	298.53	414.76
Free Cash Flow Per Share	0.02	0.40	0.25	0.25	0.26	0.37
Dividend Per Share	0.375	0.375	0.350	0.300	0.300	0.300
Dividend Growth	7.14%	7.14%	16.67%	0%	0%	0%
Gross Margin	34.20%	33.83%	32.95%	30.34%	37.07%	34.12%
Operating Margin	14.28%	14.83%	14.82%	9.09%	12.30%	11.66%
Profit Margin	35.29%	35.02%	30.83%	26.01%	2.61%	22.55%
Free Cash Flow Margin	0.78%	15.31%	8.72%	10.38%	13.17%	17.11%
EBITDA	728.71	741.51	774.74	527.04	574.94	608.88
EBITDA Margin	25.44%	25.21%	23.58%	18.93%	25.36%	25.11%
D&A For EBITDA	319.56	305.18	287.89	274.08	296.16	326.28
EBIT	409.15	436.33	486.86	252.96	278.78	282.6
EBIT Margin	14.28%	14.83%	14.82%	9.09%	12.30%	11.66%
Effective Tax Rate	2.06%	1.32%	0.08%	0.48%	7.72%	0.18%

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