Mediterranean Towers Ltd. (TLV: MDTR)

Mediterranean Towers 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	241.75	240.79	234.29	213.1	206.64	195.35
Revenue Growth (YoY)	-0.61%	2.77%	9.95%	3.13%	5.78%	11.95%
Cost of Revenue	122	135.6	145.87	137.86	131.01	125.6
Gross Profit	119.75	105.2	88.42	75.24	75.63	69.75
Selling, General & Admin	51.11	52.57	58.29	53.16	46.91	46.5
Other Operating Expenses	5.13	6.36	17.82	6.93	5.37	6.06
Operating Expenses	56.24	58.93	76.11	60.09	52.28	52.57
Operating Income	63.52	46.27	12.31	15.15	23.35	17.19
Interest Expense	-27.84	-24.98	-24.27	-24.04	-22.66	-19.63
Interest & Investment Income	14.68	12.85	3.6	1.13	0.16	0.13
Other Non Operating Income (Expenses)	-66.32	-78.63	-117.47	-47.01	9.5	-6.24
EBT Excluding Unusual Items	-15.96	-44.49	-125.84	-54.77	10.34	-8.56
Gain (Loss) on Sale of Investments	0.09	0.09	-13.29	1.82	5.58	-
Asset Writedown	299.49	367.34	313.23	501.9	-9.27	166.73
Other Unusual Items	-0.1	-0.5	-1.2	-	-15.97	-11.63
Pretax Income	283.52	322.44	172.9	448.95	-9.31	146.54
Income Tax Expense	60.81	76.87	31.56	105	2.65	45.17
Earnings From Continuing Operations	222.71	245.58	141.34	343.95	-11.96	101.37
Minority Interest in Earnings	-24.44	-25	-20.42	-47.28	-0.78	-20.27
Net Income	198.27	220.58	120.92	296.67	-12.74	81.1
Net Income to Common	198.27	220.58	120.92	296.67	-12.74	81.1
Net Income Growth	18.06%	82.42%	-59.24%	-	-	29.29%
Shares Outstanding (Basic)	151	150	150	150	150	146
Shares Outstanding (Diluted)	151	151	151	151	151	147
Shares Change (YoY)	-0.23%	-0.10%	0.13%	0.36%	2.62%	1.92%
EPS (Basic)	1.32	1.47	0.80	1.98	-0.08	0.55
EPS (Diluted)	1.31	1.46	0.80	1.96	-0.08	0.55
EPS Growth	18.31%	82.50%	-59.18%	-	-	25.42%
Free Cash Flow	67.09	6.39	111.67	176.54	41.42	161.36
Free Cash Flow Per Share	0.44	0.04	0.74	1.17	0.28	1.10
Dividend Per Share	0.532	0.532	0.399	0.866	0.200	-
Dividend Growth	33.25%	33.25%	-53.93%	333.23%	-	-
Gross Margin	49.54%	43.69%	37.74%	35.31%	36.60%	35.71%
Operating Margin	26.27%	19.21%	5.26%	7.11%	11.30%	8.80%
Profit Margin	82.01%	91.61%	51.61%	139.22%	-6.17%	41.52%
Free Cash Flow Margin	27.75%	2.65%	47.66%	82.84%	20.05%	82.60%
EBITDA	64.34	47.42	27.56	17.13	25.16	18.61
EBITDA Margin	26.61%	19.70%	11.76%	8.04%	12.18%	9.52%
D&A For EBITDA	0.82	1.16	15.25	1.98	1.81	1.42
EBIT	63.52	46.27	12.31	15.15	23.35	17.19
EBIT Margin	26.27%	19.21%	5.26%	7.11%	11.30%	8.80%
Effective Tax Rate	21.45%	23.84%	18.25%	23.39%	-	30.83%
Advertising Expenses	-	12.87	17.23	14.61	11.22	9.19

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