GrandTech Cloud Services Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,235	1,052	876.21
Revenue Growth (YoY)	-	20.04%	-
Cost of Revenue	1,016	866.04	704.64
Gross Profit	218.88	185.74	171.57
Selling, General & Admin	98.17	93.21	86.18
Research & Development	6.1	5.1	4.24
Operating Expenses	104.11	98.37	88.94
Operating Income	114.77	87.37	82.63
Interest Expense	-0.7	-0.46	-0.81
Interest & Investment Income	2.27	1.59	0.69
Other Non Operating Income (Expenses)	5.46	6.17	6.9
Pretax Income	122.38	94.67	89.41
Income Tax Expense	25.07	18.31	17.04
Earnings From Continuing Operations	97.32	76.36	72.36
Minority Interest in Earnings	-8.57	-8.79	-9.35
Net Income	88.75	67.57	63.01
Net Income to Common	88.75	67.57	63.01
Net Income Growth	-	7.23%	-
Shares Outstanding (Basic)	20	20	19
Shares Outstanding (Diluted)	20	20	20
Shares Change (YoY)	-	4.01%	-
EPS (Basic)	4.38	3.35	3.24
EPS (Diluted)	4.36	3.33	3.23
EPS Growth	-	3.10%	-
Free Cash Flow	0.3	15.12	-20.96
Free Cash Flow Per Share	0.01	0.75	-1.07
Gross Margin	17.72%	17.66%	19.58%
Operating Margin	9.29%	8.31%	9.43%
Profit Margin	7.19%	6.42%	7.19%
Free Cash Flow Margin	0.02%	1.44%	-2.39%
EBITDA	124.19	96.78	91.55
EBITDA Margin	10.06%	9.20%	10.45%
D&A For EBITDA	9.42	9.4	8.92
EBIT	114.77	87.37	82.63
EBIT Margin	9.29%	8.31%	9.43%
Effective Tax Rate	20.48%	19.34%	19.06%
Revenue as Reported	1,052	1,052	876.21

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