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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,845	2,942	3,285	2,784	2,267	2,425
Revenue Growth (YoY)	-3.54%	-10.45%	18.01%	22.78%	-6.49%	0.20%
Cost of Revenue	1,804	1,946	2,203	1,939	1,427	1,597
Gross Profit	1,041	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	162.79	154.16	176.86	210.25	164.92	171.88
Operating Expenses	563.14	558.97	595.76	591.6	561.7	544.67
Operating Income	478.03	436.33	486.86	252.96	278.78	282.6
Interest Expense	-30.62	-49.77	-59.21	-72.69	-83.84	-102.66
Interest & Investment Income	10.25	19.27	14.73	15.13	20.75	24.06
Earnings From Equity Investments	644.25	647.53	721.26	680.9	503.75	599.46
Currency Exchange Gain (Loss)	-1.47	-0.56	-1.43	6.1	-1.27	-0.82
EBT Excluding Unusual Items	1,100	1,053	1,162	882.41	718.16	802.64
Impairment of Goodwill	-	-	-	-7.29	-	-
Gain (Loss) on Sale of Assets	11.87	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	1,093	1,043	1,017	730.08	64.18	546.96
Income Tax Expense	16.81	13.79	0.83	3.5	4.96	1.01
Earnings From Continuing Operations	1,076	1,030	1,016	726.57	59.22	545.95
Minority Interest in Earnings	2.01	0.67	-3.72	-2.42	-0.12	0.8
Net Income	1,078	1,030	1,013	724.15	59.11	546.75
Net Income to Common	1,078	1,030	1,013	724.15	59.11	546.75
Net Income Growth	4.46%	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)	0.95	0.91	0.89	0.64	0.05	0.48
EPS (Diluted)	0.95	0.91	0.89	0.64	0.05	0.48
EPS Growth	4.46%	1.72%	39.85%	1125.19%	-89.19%	5.89%
Free Cash Flow	20.92	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	36.59%	33.83%	32.95%	30.34%	37.07%	34.12%
Operating Margin	16.80%	14.83%	14.82%	9.09%	12.30%	11.66%
Profit Margin	37.88%	35.02%	30.83%	26.01%	2.61%	22.55%
Free Cash Flow Margin	0.74%	15.31%	8.72%	10.38%	13.17%	17.11%
EBITDA	802.49	741.51	774.74	527.04	574.94	608.88
EBITDA Margin	28.20%	25.21%	23.58%	18.93%	25.36%	25.11%
D&A For EBITDA	324.47	305.18	287.89	274.08	296.16	326.28
EBIT	478.03	436.33	486.86	252.96	278.78	282.6
EBIT Margin	16.80%	14.83%	14.82%	9.09%	12.30%	11.66%
Effective Tax Rate	1.54%	1.32%	0.08%	0.48%	7.72%	0.18%

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