Gaon Group Ltd. (TLV: GAGR)

Gaon Group Income Statement

Financials in millions ILS. 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	581.38	633.5	697.21	498.29	511.08	517.64
Revenue Growth (YoY)	-16.07%	-9.14%	39.92%	-2.50%	-1.27%	12.35%
Cost of Revenue	480.54	521.71	582.21	418.55	427.29	434.42
Gross Profit	100.84	111.8	115	79.74	83.78	83.22
Selling, General & Admin	76.55	75.44	75.61	58.39	55.47	60.42
Research & Development	2.08	2.09	0.56	-	-	-
Other Operating Expenses	-39.82	1.61	0.39	2.61	0.73	0.81
Operating Expenses	38.81	79.14	76.55	61	56.2	61.24
Operating Income	62.04	32.66	38.45	18.74	27.59	21.99
Interest Expense	-27.82	-27.27	-16.21	-8.24	-5.15	-5.25
Interest & Investment Income	2	0.78	0.16	0.06	0.06	0.09
Earnings From Equity Investments	3.29	3.58	4.92	7.37	5.16	2.79
Currency Exchange Gain (Loss)	0.26	0.26	-3.55	2.9	1.37	-0.82
Other Non Operating Income (Expenses)	-3.07	-3.07	-0.81	-4.25	-3.07	-2.82
EBT Excluding Unusual Items	36.7	6.94	22.96	16.57	25.95	15.97
Merger & Restructuring Charges	-	-	-	-	-2.48	-
Impairment of Goodwill	-	-	-	-	-	-5.5
Gain (Loss) on Sale of Investments	-	-	-	0.37	0.16	0.31
Gain (Loss) on Sale of Assets	0.35	0.35	-	10.37	-	-
Asset Writedown	-31.93	-31.93	-	-	-	-
Other Unusual Items	-3.96	-3.96	-	-5.98	-1.81	-
Pretax Income	1.16	-28.6	22.96	21.33	21.82	10.79
Income Tax Expense	2.86	2.11	5.91	3.3	8.05	-3.09
Earnings From Continuing Operations	-1.7	-30.71	17.05	18.03	13.77	13.88
Minority Interest in Earnings	-3.38	2.11	-2.2	-0.49	-1.3	1.16
Net Income	-5.07	-28.61	14.85	17.54	12.47	15.04
Net Income to Common	-5.07	-28.61	14.85	17.54	12.47	15.04
Net Income Growth	-	-	-15.36%	40.72%	-17.09%	-11.02%
Shares Outstanding (Basic)	43	46	46	46	46	46
Shares Outstanding (Diluted)	43	46	46	46	46	46
Shares Change (YoY)	-5.34%	-	-0.27%	-	-	-0.90%
EPS (Basic)	-0.12	-0.63	0.33	0.38	0.27	0.33
EPS (Diluted)	-0.12	-0.63	0.33	0.38	0.27	0.32
EPS Growth	-	-	-15.12%	40.72%	-14.68%	-12.75%
Free Cash Flow	28.99	56.06	-68.54	-24.6	-36.99	-20.82
Free Cash Flow Per Share	0.67	1.23	-1.51	-0.54	-0.81	-0.46
Dividend Per Share	-	-	-	-	0.220	-
Gross Margin	17.35%	17.65%	16.49%	16.00%	16.39%	16.08%
Operating Margin	10.67%	5.15%	5.51%	3.76%	5.40%	4.25%
Profit Margin	-0.87%	-4.52%	2.13%	3.52%	2.44%	2.90%
Free Cash Flow Margin	4.99%	8.85%	-9.83%	-4.94%	-7.24%	-4.02%
EBITDA	84.93	55.4	63.34	36.19	37.59	42.15
EBITDA Margin	14.61%	8.74%	9.08%	7.26%	7.36%	8.14%
D&A For EBITDA	22.89	22.74	24.89	17.45	10	20.16
EBIT	62.04	32.66	38.45	18.74	27.59	21.99
EBIT Margin	10.67%	5.15%	5.51%	3.76%	5.40%	4.25%
Effective Tax Rate	246.59%	-	25.73%	15.46%	36.89%	-

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