Hong Fok Corporation Limited (SGX: H30)

Hong Fok Corporation Income Statement

Financials in millions SGD. 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
Rental Revenue	104.36	110.6	153.92	90.5	80.4	113.25
Other Revenue	0.03	0.03	0.02	0.03	0.02	0.01
Total Revenue	104.39	110.63	153.94	90.53	80.42	113.26
Revenue Growth (YoY	-30.01%	-28.14%	70.05%	12.57%	-28.99%	-13.63%
Property Expenses	29.45	31.96	55.25	32.63	23.06	37.69
Selling, General & Administrative	2.09	2.27	3.18	2.17	2.24	2.53
Depreciation & Amortization	0.77	0.99	1.41	1.67	1.96	1.85
Other Operating Expenses	22.71	23.29	20.88	16.77	14.75	23.59
Total Operating Expenses	55.02	58.61	80.71	53.28	42.1	65.67
Operating Income	49.37	52.01	73.23	37.25	38.32	47.59
Interest Expense	-39.12	-38.56	-26.51	-20.13	-22.96	-30.5
Interest & Investment Income	1.69	1.43	0.74	0.46	0.85	1.01
Currency Exchange Gain (Loss)	0.02	-0.4	-0.07	0.59	-	-
Other Non-Operating Income	-4	-3.85	-4.41	-4.66	-8.66	-5.05
EBT Excluding Unusual Items	7.96	10.64	42.97	13.51	7.56	13.05
Gain (Loss) on Sale of Investments	-0.93	1.33	-1.15	-0.22	-0.09	3.54
Gain (Loss) on Sale of Assets	0	-0.06	-	-	-	-
Asset Writedown	87.09	87.16	197.35	35.72	-30.59	103.19
Other Unusual Items	-	-	0.12	0.17	1.02	-
Pretax Income	94.12	99.07	239.29	49.18	-22.12	119.78
Income Tax Expense	2.67	4.06	5.37	4.52	4.18	5
Earnings From Continuing Operations	91.44	95.02	233.93	44.67	-26.3	114.79
Minority Interest in Earnings	-6.58	-6.95	-13.83	-5.76	17.6	-2.27
Net Income	84.86	88.07	220.1	38.91	-8.7	112.51
Net Income to Common	84.86	88.07	220.1	38.91	-8.7	112.51
Net Income Growth	-61.05%	-59.99%	465.69%	-	-	-40.44%
Basic Shares Outstanding	642	642	653	667	673	685
Diluted Shares Outstanding	642	642	653	667	673	685
Shares Change (YoY)	-0.24%	-1.70%	-2.13%	-0.83%	-1.82%	-1.14%
EPS (Basic)	0.13	0.14	0.34	0.06	-0.01	0.16
EPS (Diluted)	0.13	0.14	0.34	0.06	-0.01	0.16
EPS Growth	-60.96%	-59.30%	478.21%	-	-	-39.77%
Dividend Per Share	0.010	0.010	0.010	0.010	0.010	0.010
Operating Margin	47.29%	47.02%	47.57%	41.14%	47.65%	42.02%
Profit Margin	81.29%	79.61%	142.98%	42.98%	-10.81%	99.34%
Free Cash Flow Margin	42.27%	49.27%	65.94%	54.49%	32.73%	48.80%
EBITDA	49.78	52.61	74.24	38.21	39.24	48.47
EBITDA Margin	47.68%	47.56%	48.23%	42.20%	48.80%	42.79%
D&A For Ebitda	0.41	0.6	1.01	0.96	0.93	0.88
EBIT	49.37	52.01	73.23	37.25	38.32	47.59
EBIT Margin	47.29%	47.02%	47.57%	41.14%	47.65%	42.02%
Effective Tax Rate	2.84%	4.09%	2.24%	9.18%	-	4.17%
Revenue as Reported	105.26	110.76	154.26	91.23	87.23	113.42

Source: S&P Capital IQ. Real Estate template. Financial Sources.