Nam Cheong Limited (SGX: 1MZ)

Nam Cheong Income Statement

Financials in millions MYR. 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	637.47	475.27	365.72	286.16	372.3	285.36
Revenue Growth (YoY)	42.87%	29.96%	27.80%	-23.14%	30.46%	-13.49%
Cost of Revenue	228.54	275.52	265.03	222.45	302.62	182.09
Gross Profit	408.93	199.75	100.69	63.71	69.68	103.28
Selling, General & Admin	51.69	43.22	38.32	32.92	42.36	39.35
Other Operating Expenses	5	12.02	20.04	25.33	76.81	16.82
Operating Expenses	50.89	54.01	57.47	59.56	135.29	55.29
Operating Income	358.03	145.74	43.22	4.15	-65.61	47.99
Interest Expense	-21.38	-27.41	-30.04	-33.76	-38.2	-41.1
Interest & Investment Income	1.47	1.76	1.1	2.5	3.29	3.11
Earnings From Equity Investments	31.4	9.83	5.89	-0.37	-4.58	-2.45
Currency Exchange Gain (Loss)	26.69	6.29	-	-	-	-
Other Non Operating Income (Expenses)	5.68	5.68	0.77	1.34	1.74	3.77
EBT Excluding Unusual Items	401.89	141.89	20.94	-26.15	-103.36	11.33
Merger & Restructuring Charges	-10.59	-	-	-	-	-
Gain (Loss) on Sale of Investments	0.07	0.07	0.28	-	-17.29	-
Gain (Loss) on Sale of Assets	31.46	44.32	44.38	-0.48	3.43	-
Asset Writedown	-0.98	-	-	-6.93	-283.47	-
Other Unusual Items	393.37	-	13.21	123.27	3.33	57
Pretax Income	815.22	186.28	79.52	91.13	-397.36	68.33
Income Tax Expense	60.07	23.36	17.99	7.14	6.97	3.11
Earnings From Continuing Operations	755.15	162.92	61.53	83.99	-404.32	65.22
Minority Interest in Earnings	-15.24	-5.65	-2.21	2.77	0.17	-0.87
Net Income	739.91	157.27	59.32	86.76	-404.16	64.35
Net Income to Common	739.91	157.27	59.32	86.76	-404.16	64.35
Net Income Growth	817.51%	165.13%	-31.63%	-	-	-93.77%
Shares Outstanding (Basic)	315	81	80	78	73	71
Shares Outstanding (Diluted)	321	82	81	79	73	73
Shares Change (YoY)	291.05%	1.49%	2.34%	8.94%	-0.10%	113.39%
EPS (Basic)	2.35	1.95	0.75	1.12	-5.57	0.90
EPS (Diluted)	2.30	1.92	0.73	1.10	-5.57	0.89
EPS Growth	135.71%	161.25%	-33.35%	-	-	-97.07%
Free Cash Flow	16.71	-53.96	-29.3	-37.86	-8.06	-63.67
Free Cash Flow Per Share	0.05	-0.66	-0.36	-0.48	-0.11	-0.88
Gross Margin	64.15%	42.03%	27.53%	22.26%	18.71%	36.19%
Operating Margin	56.16%	30.67%	11.82%	1.45%	-17.62%	16.82%
Profit Margin	116.07%	33.09%	16.22%	30.32%	-108.56%	22.55%
Free Cash Flow Margin	2.62%	-11.35%	-8.01%	-13.23%	-2.16%	-22.31%
EBITDA	392.13	171.03	71.02	30.9	-36.41	77.75
EBITDA Margin	61.51%	35.99%	19.42%	10.80%	-9.78%	27.25%
D&A For EBITDA	34.09	25.28	27.79	26.75	29.21	29.76
EBIT	358.03	145.74	43.22	4.15	-65.61	47.99
EBIT Margin	56.16%	30.67%	11.82%	1.45%	-17.62%	16.82%
Effective Tax Rate	7.37%	12.54%	22.63%	7.83%	-	4.55%

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