Vercom SA
WSE:VRC
Income Statement
Earnings Waterfall
Vercom SA
Revenue
|
401.9m
PLN
|
Cost of Revenue
|
-200.3m
PLN
|
Gross Profit
|
201.6m
PLN
|
Operating Expenses
|
-121.5m
PLN
|
Operating Income
|
80.1m
PLN
|
Other Expenses
|
-2.2m
PLN
|
Net Income
|
77.9m
PLN
|
Income Statement
Vercom SA
Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||
Revenue |
179
N/A
|
190
+6%
|
204
+7%
|
235
+16%
|
260
+11%
|
286
+10%
|
388
+36%
|
397
+2%
|
337
-15%
|
442
+31%
|
402
-9%
|
|
Gross Profit | ||||||||||||
Cost of Revenue |
(125)
|
(131)
|
(136)
|
(146)
|
(145)
|
(145)
|
(183)
|
(181)
|
(156)
|
(210)
|
(200)
|
|
Gross Profit |
54
N/A
|
59
+10%
|
67
+14%
|
89
+33%
|
116
+30%
|
141
+22%
|
205
+46%
|
216
+5%
|
181
-16%
|
232
+28%
|
202
-13%
|
|
Operating Income | ||||||||||||
Operating Expenses |
(26)
|
(30)
|
(38)
|
(54)
|
(71)
|
(91)
|
(132)
|
(138)
|
(112)
|
(144)
|
(121)
|
|
Selling, General & Administrative |
(26)
|
(30)
|
(38)
|
(53)
|
(71)
|
(91)
|
(133)
|
(138)
|
(112)
|
(143)
|
(120)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
1
|
0
|
(0)
|
(1)
|
(2)
|
|
Operating Income |
28
N/A
|
29
+2%
|
29
+2%
|
35
+20%
|
44
+26%
|
50
+12%
|
73
+47%
|
79
+7%
|
69
-12%
|
88
+28%
|
80
-9%
|
|
Pre-Tax Income | ||||||||||||
Interest Income Expense |
(2)
|
0
|
0
|
(6)
|
(5)
|
(6)
|
1
|
(0)
|
(2)
|
5
|
(3)
|
|
Non-Reccuring Items |
0
|
(1)
|
(1)
|
(0)
|
(2)
|
(0)
|
(0)
|
0
|
13
|
13
|
13
|
|
Total Other Income |
(0)
|
(0)
|
(2)
|
(2)
|
(0)
|
(2)
|
(6)
|
(5)
|
(0)
|
(8)
|
(2)
|
|
Pre-Tax Income |
27
N/A
|
29
+6%
|
27
-5%
|
27
+1%
|
37
+36%
|
41
+10%
|
68
+64%
|
73
+8%
|
80
+9%
|
98
+23%
|
87
-11%
|
|
Net Income | ||||||||||||
Tax Provision |
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(11)
|
(8)
|
(9)
|
(11)
|
(9)
|
|
Income from Continuing Operations |
23
|
23
|
23
|
22
|
31
|
34
|
56
|
65
|
71
|
87
|
79
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
23
N/A
|
23
+4%
|
23
-4%
|
22
-2%
|
31
+41%
|
34
+9%
|
57
+65%
|
65
+15%
|
70
+8%
|
87
+23%
|
78
-10%
|
|
EPS (Diluted) |
1.24
N/A
|
1.28
+3%
|
1.19
-7%
|
1.05
-12%
|
1.54
+47%
|
1.55
+1%
|
2.56
+65%
|
2.95
+15%
|
3.18
+8%
|
3.93
+24%
|
3.54
-10%
|