Southeast Cement Co., Ltd. (TPE:1110)

Southeast Cement Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,037	2,873	2,274	1,794	1,847	1,591
Revenue Growth (YoY)	30.75%	26.37%	26.73%	-2.86%	16.08%	0.38%
Cost of Revenue	2,508	2,350	2,070	1,673	1,712	1,524
Gross Profit	528.64	523.04	203.88	121.28	134.57	67.37
Selling, General & Admin	196.99	187.02	147.47	153.12	125.52	97.71
Operating Expenses	197.33	187.02	144.5	152.78	122.51	97.95
Operating Income	331.31	336.02	59.38	-31.5	12.05	-30.57
Interest Expense	-32.29	-32.35	-31.28	-18.01	-11.1	-6.13
Interest & Investment Income	132.31	131.89	62.28	58.53	55.37	52.73
Earnings From Equity Investments	11.83	16.05	12.85	9.27	27.15	12.95
Currency Exchange Gain (Loss)	-0.04	2.61	-0.54	17.28	-3.73	-7.21
Other Non Operating Income (Expenses)	-17.08	-23.3	-52.75	7.62	51.12	-18.44
EBT Excluding Unusual Items	426.04	430.91	49.94	43.18	130.86	3.34
Impairment of Goodwill	-	-	-	-0.7	-	-
Gain (Loss) on Sale of Investments	3.16	0.53	15.57	-40.12	18.03	4.09
Gain (Loss) on Sale of Assets	24.16	0.87	170.92	-	-	-
Asset Writedown	-	-	-50	-6.97	-	-
Other Unusual Items	1.68	1.88	0.95	114.29	0.23	0.01
Pretax Income	455.04	434.18	187.38	109.68	149.13	7.43
Income Tax Expense	64.45	56.96	31.32	1.55	15.32	-9.52
Earnings From Continuing Operations	390.59	377.22	156.05	108.12	133.81	16.95
Minority Interest in Earnings	-24.87	-28.74	-6.53	40.92	6.17	5.21
Net Income	365.72	348.49	149.52	149.04	139.99	22.16
Net Income to Common	365.72	348.49	149.52	149.04	139.99	22.16
Net Income Growth	153.94%	133.07%	0.32%	6.47%	531.76%	-33.12%
Shares Outstanding (Basic)	570	570	570	570	570	570
Shares Outstanding (Diluted)	571	571	570	570	570	570
Shares Change (YoY)	0.06%	0.05%	0.01%	0.04%	0.01%	-0.01%
EPS (Basic)	0.64	0.61	0.26	0.26	0.25	0.04
EPS (Diluted)	0.64	0.61	0.26	0.26	0.25	0.04
EPS Growth	155.98%	134.62%	-	5.85%	531.76%	-33.12%
Free Cash Flow	274.96	149.3	-136.56	-469.85	-667.04	80.7
Free Cash Flow Per Share	0.48	0.26	-0.24	-0.82	-1.17	0.14
Dividend Per Share	0.300	0.300	0.200	0.100	0.200	0.100
Dividend Growth	50.00%	50.00%	100.00%	-50.00%	100.00%	-
Gross Margin	17.41%	18.21%	8.97%	6.76%	7.29%	4.23%
Operating Margin	10.91%	11.70%	2.61%	-1.76%	0.65%	-1.92%
Profit Margin	12.04%	12.13%	6.58%	8.31%	7.58%	1.39%
Free Cash Flow Margin	9.05%	5.20%	-6.01%	-26.19%	-36.12%	5.07%
EBITDA	391.23	393.55	88.03	-7.73	28.86	-15.36
EBITDA Margin	12.88%	13.70%	3.87%	-0.43%	1.56%	-0.97%
D&A For EBITDA	59.91	57.53	28.65	23.77	16.8	15.22
EBIT	331.31	336.02	59.38	-31.5	12.05	-30.57
EBIT Margin	10.91%	11.70%	2.61%	-1.76%	0.65%	-1.92%
Effective Tax Rate	14.16%	13.12%	16.72%	1.42%	10.27%	-

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.