Asia Cement Corporation (TPE: 1102)

Asia Cement Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	75,381	80,183	90,341	90,333	78,241	89,348
Revenue Growth (YoY)	-10.78%	-11.24%	0.01%	15.45%	-12.43%	7.98%
Cost of Revenue	65,666	69,746	78,585	69,152	54,911	63,747
Gross Profit	9,716	10,437	11,755	21,181	23,329	25,601
Selling, General & Admin	2,984	2,999	3,071	2,549	2,623	3,114
Other Operating Expenses	-	-	-	-	-	14.39
Operating Expenses	3,482	2,977	3,184	3,495	3,659	3,538
Operating Income	6,234	7,460	8,571	17,686	19,670	22,063
Interest Expense	-1,742	-1,772	-1,295	-894.33	-1,164	-1,821
Interest & Investment Income	2,255	2,246	1,358	1,146	1,419	1,577
Earnings From Equity Investments	3,384	2,493	4,311	6,319	4,640	5,490
Currency Exchange Gain (Loss)	-58.24	-29.29	604.3	-161.96	-162.37	-260.07
Other Non Operating Income (Expenses)	-764.33	-382.28	77.91	-1,726	-424.8	1,149
EBT Excluding Unusual Items	9,309	10,015	13,627	22,368	23,978	28,199
Gain (Loss) on Sale of Investments	2,805	2,552	1,243	-488.19	-	41.09
Gain (Loss) on Sale of Assets	-	-	-	-	-58.87	-44.23
Asset Writedown	733.66	521.79	327.08	54.32	224.64	197.65
Other Unusual Items	-	847.56	-	-	-	-
Pretax Income	12,847	13,936	15,197	21,934	24,144	28,393
Income Tax Expense	2,979	2,852	2,600	4,406	5,370	6,149
Earnings From Continuing Operations	9,868	11,084	12,597	17,528	18,774	22,244
Minority Interest in Earnings	545.36	-201.28	-580.74	-2,460	-4,063	-4,784
Net Income	10,414	10,883	12,016	15,068	14,710	17,460
Net Income to Common	10,414	10,883	12,016	15,068	14,710	17,460
Net Income Growth	2.43%	-9.43%	-20.25%	2.43%	-15.75%	57.05%
Shares Outstanding (Basic)	3,335	3,316	3,313	3,204	3,129	3,139
Shares Outstanding (Diluted)	3,339	3,320	3,318	3,315	3,314	3,312
Shares Change (YoY)	0.61%	0.06%	0.09%	0.04%	0.04%	3.76%
EPS (Basic)	3.12	3.28	3.63	4.70	4.70	5.56
EPS (Diluted)	3.12	3.28	3.62	4.57	4.41	5.25
EPS Growth	1.92%	-9.43%	-20.82%	3.65%	-16.02%	50.53%
Free Cash Flow	19,013	3,187	12,642	5,347	13,330	33,517
Free Cash Flow Per Share	5.69	0.96	3.81	1.61	4.02	10.12
Dividend Per Share	2.100	2.100	2.300	3.400	3.550	3.000
Dividend Growth	-8.68%	-8.68%	-32.37%	-4.23%	18.33%	7.14%
Gross Margin	12.89%	13.02%	13.01%	23.45%	29.82%	28.65%
Operating Margin	8.27%	9.30%	9.49%	19.58%	25.14%	24.69%
Profit Margin	13.81%	13.57%	13.30%	16.68%	18.80%	19.54%
Free Cash Flow Margin	25.22%	3.98%	13.99%	5.92%	17.04%	37.51%
EBITDA	10,477	11,791	12,916	22,201	24,222	27,786
EBITDA Margin	13.90%	14.71%	14.30%	24.58%	30.96%	31.10%
D&A For EBITDA	4,243	4,331	4,345	4,515	4,552	5,723
EBIT	6,234	7,460	8,571	17,686	19,670	22,063
EBIT Margin	8.27%	9.30%	9.49%	19.58%	25.14%	24.69%
Effective Tax Rate	23.19%	20.47%	17.11%	20.09%	22.24%	21.66%

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