Investor Presentaiton
Income Statement
Income Statement FY 2022 consolidated
|
FY 2022
FY 2021
Growth
Description
Value
%
Value
%
Value
%
Total Sales
22,916,899,273 100.0%
22,414,112,190 100.0%
502,787,083
2.2%
Cash Discount Given
Net Sales
COGS
Gross Profit
Operating Expenses
(652,404,173) (2.8%)
22,264,495,100 97.2%
(20,647,700,037) (92.7%)
1,616,795,063 7.3%
Provisions for clients bad debt
EBITDA
Total Depreciation
EBIT
Financial Exp.
Credit interest from clients
Net Financial Exp.
Operating Profit
Other Income
Other Expense
EBT
(887,580,720) (4.0%)
(65,529,994) (0.3%)
663,684,349 3.0%
(681,279,399) (3.0%)
21,732,832,791 97.0%
(20,103,313,870) (92.5%)
1,629,518,921 7.5%
(829,219,895) (3.8%)
(6,670,508) (0.0%)
793,628,518 3.7%
28,875,226
531,662,309
(4.2%)
2.4%
1
(544,386,167)
2.7%
(12,723,858) (0.8%)
(188,467,042) (0.8%)
475,217,307 2.1%
(438,677,779) (2.0%)
133,256,538 0.6%
(305,421,241) (1.4%)
(178,087,304) (0.8%)
615,541,214 2.8%
(283,892,260) (1.3%)
84,877,659 0.4%
(199,014,601) (0.9%)
169,796,066
0.8%
416,526,613
1.9%
7,758,094 0.0%
(2,246,546) (0.0%)
175,307,614 0.8%
9,985,630 0.0%
(1,169,560) (0.0%)
425,342,683 2.0%
(58,360,825)
7.0%
(58,859,486) 882.4%
(129,944,169) (16.4%)
(10,379,738)
5.8%
(140,323,907) (22.8%)
(154,785,519) 54.5%
48,378,879
57.0%
(106,406,640) 53.5%
(246,730,547) (59.2%)
(2,227,536) (22.3%)
(1,076,986) 92.1%
(250,035,069) (58.8%)
2
3
4
Income Tax
Deferred Tax
Net Profit
Non-Controlling
Holding EAT
170,874,350
(26,731,735) (0.1%)
22,298,471 0.1%
0.8%
172,584,866
(1,710,516) (0.0%)
0.8%
(101,105,351) (0.5%)
(9,840,452) (0.0%)
314,396,880 1.4%
(330,948) (0.0%)
314,727,828 1.4%
74,373,616
32,138,923
(143,522,530)
(1,379,568)
(142,142,962)
(73.6%)
(326.6 %)
(45.7%)
5
416.9%
(45.2 %)
ibnsinapharma
OPEX Insights
Gross profit margin was affected by Aim
operating cost, that was recorded before as
SG&A
The OPEX increased by 7.0% since Jan 2022
although the inflation reached 24.4% in
December 2022 while it was 6.3% in January
2022
The management adopted conservative
plan for the annual merit increase with an
average of 8% besides working on a
restructuring exercise that led to increase
the total employment cost by only 5.89%
Devaluation raised the USD value from EGP
15.72 to reach 24.76 EGP end of December
2022 that impact most of cost elements as
consumables, packing, prints, etc. while the
branches' rent increase is around 10%
Interest rate reached 17.25% by December
2022 while it was 9.25% in Jan 2022 led to
increase in the net financial expenses 53%.
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