Food Empire Holdings Limited (SGX: F03)

Food Empire Holdings Income Statement

Financials in millions USD. 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	452.72	425.72	398.36	320.07	272.97	288.57
Revenue Growth (YoY)	7.98%	6.87%	24.46%	17.26%	-5.41%	1.49%
Cost of Revenue	313.15	284.26	279.52	226.42	168.33	176.82
Gross Profit	139.57	141.45	118.84	93.66	104.65	111.76
Selling, General & Admin	74.73	70.52	66.13	68.24	70.78	81.36
Operating Expenses	74.73	70.52	66.13	68.24	70.78	81.36
Operating Income	64.84	70.93	52.72	25.42	33.86	30.4
Interest Expense	-3.54	-3.54	-2.16	-1.45	-0.93	-1.63
Interest & Investment Income	4.63	4.34	0.93	0.26	0.33	0.22
Earnings From Equity Investments	1.16	1.34	2.65	1.34	-0.45	0.16
Currency Exchange Gain (Loss)	-0.52	-1.62	3.16	-0.33	-2.29	0.61
Other Non Operating Income (Expenses)	0.79	0.59	1.14	0.43	-1.63	1.94
EBT Excluding Unusual Items	67.36	72.04	58.45	25.67	28.9	31.71
Gain (Loss) on Sale of Investments	-	-	-1	-	0.24	-
Gain (Loss) on Sale of Assets	-0.05	-0.04	15.3	0.01	1.73	-0.17
Asset Writedown	0.5	0.5	-2.04	-	-	-
Other Unusual Items	-	-	-	0.63	1.37	-
Pretax Income	67.81	72.5	70.71	26.31	32.24	31.54
Income Tax Expense	14.77	16.04	10.64	6.97	5.78	5.84
Earnings From Continuing Operations	53.04	56.46	60.07	19.34	26.45	25.7
Minority Interest in Earnings	0.45	0.04	0.03	0.16	0.33	0.42
Net Income	53.49	56.51	60.1	19.5	26.79	26.11
Net Income to Common	53.49	56.51	60.1	19.5	26.79	26.11
Net Income Growth	-10.38%	-5.97%	208.17%	-27.19%	2.58%	44.33%
Shares Outstanding (Basic)	524	526	533	535	535	534
Shares Outstanding (Diluted)	531	533	534	541	538	539
Shares Change (YoY)	-0.38%	-0.05%	-1.43%	0.58%	-0.13%	0.12%
EPS (Basic)	0.10	0.11	0.11	0.04	0.05	0.05
EPS (Diluted)	0.10	0.11	0.11	0.04	0.05	0.05
EPS Growth	-10.00%	-5.95%	212.78%	-27.71%	2.89%	44.05%
Free Cash Flow	18.61	38.07	59.03	8.12	24.21	1.18
Free Cash Flow Per Share	0.04	0.07	0.11	0.01	0.04	0.00
Dividend Per Share	0.038	0.038	0.033	0.012	0.017	0.007
Dividend Growth	15.44%	15.44%	173.09%	-27.81%	123.86%	48.97%
Gross Margin	30.83%	33.23%	29.83%	29.26%	38.34%	38.73%
Operating Margin	14.32%	16.66%	13.23%	7.94%	12.41%	10.53%
Profit Margin	11.82%	13.27%	15.09%	6.09%	9.81%	9.05%
Free Cash Flow Margin	4.11%	8.94%	14.82%	2.54%	8.87%	0.41%
EBITDA	73.13	79.3	61.34	34	40.12	36.54
EBITDA Margin	16.15%	18.63%	15.40%	10.62%	14.70%	12.66%
D&A For EBITDA	8.29	8.36	8.62	8.58	6.25	6.15
EBIT	64.84	70.93	52.72	25.42	33.86	30.4
EBIT Margin	14.32%	16.66%	13.23%	7.94%	12.41%	10.53%
Effective Tax Rate	21.78%	22.12%	15.05%	26.50%	17.93%	18.52%
Advertising Expenses	-	11.19	8.45	14.59	17.63	21.39

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