Wan Hwa Enterprise Company Ltd. (TPE:2701)

TPE:2701 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
Rental Revenue	217.34	219.01	202.53	155.04	165.41	186.05
Other Revenue	102.9	84.89	142.28	135.19	-8.04	53.25
Total Revenue	320.24	303.89	344.81	290.22	157.37	239.31
Revenue Growth (YoY	-5.36%	-11.87%	18.81%	84.42%	-34.24%	-58.06%
Property Expenses	62.65	67.94	97.56	90.44	92	96.35
Selling, General & Administrative	2.91	2.61	20.65	19.13	18.45	19.13
Depreciation & Amortization	0.04	-	0.19	0.22	0.42	0.52
Other Operating Expenses	53.83	53.78	12	10.86	10.44	10.75
Total Operating Expenses	119.43	124.33	130.41	120.65	121.31	126.75
Operating Income	200.81	179.57	214.4	169.58	36.06	112.56
Interest & Investment Income	89.13	88.28	67.86	73.06	52.59	88.06
Other Non-Operating Income	6.88	7.12	6.37	6.17	8.5	8.54
EBT Excluding Unusual Items	296.81	274.96	288.63	248.81	97.15	209.16
Gain (Loss) on Sale of Investments	1.69	1.62	1.37	0.57	0.22	0.45
Pretax Income	298.5	276.58	289.99	249.38	97.37	209.61
Income Tax Expense	51.3	46.94	52.65	37.63	13.02	35.49
Net Income	247.2	229.64	237.34	211.75	84.36	174.12
Net Income to Common	247.2	229.64	237.34	211.75	84.36	174.12
Net Income Growth	3.34%	-3.24%	12.09%	151.02%	-51.55%	-56.42%
Basic Shares Outstanding	450	450	450	450	450	450
Diluted Shares Outstanding	450	450	450	450	450	450
EPS (Basic)	0.55	0.51	0.53	0.47	0.19	0.39
EPS (Diluted)	0.55	0.51	0.53	0.47	0.19	0.39
EPS Growth	3.34%	-3.24%	12.09%	151.02%	-51.55%	-56.42%
Dividend Per Share	0.280	0.280	0.280	0.250	0.165	0.250
Dividend Growth	-	-	12.00%	51.52%	-34.00%	-37.50%
Operating Margin	62.70%	59.09%	62.18%	58.43%	22.91%	47.03%
Profit Margin	77.19%	75.57%	68.83%	72.96%	53.60%	72.76%
EBITDA	203.29	182.38	217.82	173.47	42.93	121.08
EBITDA Margin	63.48%	60.02%	63.17%	59.77%	27.28%	50.59%
D&A For Ebitda	2.48	2.82	3.42	3.9	6.87	8.52
EBIT	200.81	179.57	214.4	169.58	36.06	112.56
EBIT Margin	62.70%	59.09%	62.18%	58.43%	22.91%	47.03%
Effective Tax Rate	17.18%	16.97%	18.16%	15.09%	13.37%	16.93%
Revenue as Reported	276.72	290	297.19	226.64	239.94	264.69

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.