The Straits Trading Company Limited (SGX: S20)

S20 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
Operating Revenue	508.39	491.66	527.62	396.56	308.89	363.64
Other Revenue	43.71	58.95	658.63	88.93	18.54	63.92
Revenue	552.1	550.61	1,186	485.49	327.43	427.56
Revenue Growth (YoY)	6.91%	-53.58%	144.34%	48.27%	-23.42%	-17.57%
Cost of Revenue	401.71	370.05	408.16	263.5	222.94	271.74
Gross Profit	150.4	180.56	778.09	221.99	104.49	155.82
Selling, General & Admin	38.14	41.95	39.09	37.2	31.81	32.86
Other Operating Expenses	22.3	18.05	21.22	17.41	20.04	25.69
Operating Expenses	66.57	66.47	66.59	60.74	60.47	66.51
Operating Income	83.83	114.08	711.5	161.25	44.02	89.31
Interest Expense	-77.11	-73.61	-39.47	-29	-26.33	-25.94
Earnings From Equity Investments	-34.59	-21.3	-14.02	99.9	8.73	45.5
Currency Exchange Gain (Loss)	-0.6	0.56	-15.11	-11.41	19.01	-2.09
Other Non Operating Income (Expenses)	-9.95	-9.95	-3.97	7.6	-2.91	-1.35
EBT Excluding Unusual Items	-38.43	9.77	638.94	228.34	42.52	105.43
Merger & Restructuring Charges	-0.48	-0.48	-0.33	0.47	-0.09	-4.9
Gain (Loss) on Sale of Investments	-	-	-	-	-0.27	-0.02
Gain (Loss) on Sale of Assets	-14.37	-3.73	-0.2	9.49	16.44	1.92
Asset Writedown	26.04	-17.2	-75.42	123.78	37.35	26.89
Pretax Income	-27.24	-11.63	562.98	362.07	95.96	129.32
Income Tax Expense	-2.48	0.51	-6.29	76.38	24.78	28.97
Earnings From Continuing Operations	-24.76	-12.15	569.27	285.69	71.18	100.35
Net Income to Company	-24.76	-12.15	569.27	285.69	71.18	100.35
Minority Interest in Earnings	-13.48	-16.42	-18.01	-51.44	-19.69	-15.98
Net Income	-38.24	-28.57	551.26	234.25	51.48	84.37
Net Income to Common	-38.24	-28.57	551.26	234.25	51.48	84.37
Net Income Growth	-	-	135.33%	355.01%	-38.98%	17.64%
Shares Outstanding (Basic)	442	450	434	480	480	481
Shares Outstanding (Diluted)	442	450	434	480	480	481
Shares Change (YoY)	9.20%	3.58%	-9.60%	-	-0.13%	-0.15%
EPS (Basic)	-0.09	-0.06	1.27	0.49	0.11	0.18
EPS (Diluted)	-0.09	-0.06	1.27	0.49	0.11	0.18
EPS Growth	-	-	160.31%	355.02%	-38.87%	17.76%
Free Cash Flow	9.32	29.69	58.52	35.68	-46.65	22.67
Free Cash Flow Per Share	0.02	0.07	0.13	0.07	-0.10	0.05
Dividend Per Share	0.080	0.080	0.080	0.068	0.051	0.051
Dividend Growth	0%	0%	17.99%	33.46%	0%	0%
Gross Margin	27.24%	32.79%	65.59%	45.72%	31.91%	36.44%
Operating Margin	15.18%	20.72%	59.98%	33.21%	13.44%	20.89%
Profit Margin	-6.93%	-5.19%	46.47%	48.25%	15.72%	19.73%
Free Cash Flow Margin	1.69%	5.39%	4.93%	7.35%	-14.25%	5.30%
EBITDA	86.6	118.39	715.4	164.56	48.51	94.5
EBITDA Margin	15.69%	21.50%	60.31%	33.90%	14.82%	22.10%
D&A For EBITDA	2.78	4.31	3.89	3.31	4.49	5.19
EBIT	83.83	114.08	711.5	161.25	44.02	89.31
EBIT Margin	15.18%	20.72%	59.98%	33.21%	13.44%	20.89%
Effective Tax Rate	-	-	-	21.09%	25.82%	22.40%
Revenue as Reported	559.38	526.45	1,115	396.56	386.69	460.27

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