Duty Free International Limited (SGX: 5SO)

Duty Free International Income Statement

Financials in millions MYR. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	158.45	157.25	151.8	99.13	223.4	617.24
Revenue Growth (YoY)	-3.53%	3.59%	53.14%	-55.63%	-63.81%	10.95%
Cost of Revenue	107.02	105.46	93.25	75.06	196.27	477.38
Gross Profit	51.43	51.79	58.54	24.07	27.13	139.86
Selling, General & Admin	17.39	17.43	21.71	14.56	32.78	74.38
Other Operating Expenses	10.17	10.39	11.21	7.3	9.38	18.33
Operating Expenses	39.54	39.77	44.42	33.9	55.96	107.96
Operating Income	11.88	12.02	14.13	-9.83	-28.83	31.91
Interest Expense	-7.12	-7.15	-6.67	-6.2	-6.18	-6.82
Interest & Investment Income	7.61	7.47	5.74	4.59	5.37	10.76
Currency Exchange Gain (Loss)	2.62	5.64	4.41	2.33	0.66	4.21
Other Non Operating Income (Expenses)	-	-	0.22	-	-	-
EBT Excluding Unusual Items	14.99	17.99	17.83	-9.12	-28.99	40.06
Impairment of Goodwill	-	-	-	-	-11.47	-11.52
Gain (Loss) on Sale of Assets	0.02	0.02	0.02	0.08	0.05	0.03
Asset Writedown	-0	-0.09	-0.09	-0.02	-0.29	-4.55
Legal Settlements	-	-	-1.5	-	-	-
Other Unusual Items	0.07	0.07	1.13	2.07	1.34	-
Pretax Income	15.08	18	17.39	-6.98	-39.36	24.01
Income Tax Expense	4.16	3.95	1.97	-1	7.16	12.9
Earnings From Continuing Operations	10.92	14.04	15.42	-5.98	-46.53	11.11
Net Income to Company	10.92	14.04	15.42	-5.98	-46.53	11.11
Minority Interest in Earnings	-0.06	-0.03	0.15	2.34	4.75	-0.23
Net Income	10.86	14.01	15.57	-3.64	-41.78	10.88
Net Income to Common	10.86	14.01	15.57	-3.64	-41.78	10.88
Net Income Growth	-40.67%	-10.01%	-	-	-	-76.61%
Shares Outstanding (Basic)	1,194	1,198	1,198	1,198	1,198	1,202
Shares Outstanding (Diluted)	1,194	1,198	1,198	1,198	1,198	1,202
Shares Change (YoY)	0.15%	-	0.00%	-	-0.29%	-0.83%
EPS (Basic)	0.01	0.01	0.01	-0.00	-0.03	0.01
EPS (Diluted)	0.01	0.01	0.01	-0.00	-0.03	0.01
EPS Growth	-40.76%	-10.01%	-	-	-	-76.42%
Free Cash Flow	39.17	40.81	-2.08	1.25	14.06	38.11
Free Cash Flow Per Share	0.03	0.03	-0.00	0.00	0.01	0.03
Dividend Per Share	0.012	0.009	0.007	-	-	0.121
Dividend Growth	87.26%	35.01%	-	-	-	122.69%
Gross Margin	32.46%	32.94%	38.57%	24.28%	12.14%	22.66%
Operating Margin	7.50%	7.64%	9.31%	-9.92%	-12.91%	5.17%
Profit Margin	6.85%	8.91%	10.26%	-3.67%	-18.70%	1.76%
Free Cash Flow Margin	24.72%	25.95%	-1.37%	1.26%	6.29%	6.17%
EBITDA	15	15.25	17.98	-5.57	-23.18	37.76
EBITDA Margin	9.47%	9.70%	11.84%	-5.62%	-10.37%	6.12%
D&A For EBITDA	3.12	3.23	3.85	4.26	5.66	5.85
EBIT	11.88	12.02	14.13	-9.83	-28.83	31.91
EBIT Margin	7.50%	7.64%	9.31%	-9.92%	-12.91%	5.17%
Effective Tax Rate	27.57%	21.97%	11.33%	-	-	53.73%
Advertising Expenses	-	-	-	-	-	1.44

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