Financial Snapshots

FINANCIAL YEAR	FY2023	FY2022	FY2021	FY2020	FY2019
FINANCIAL RESULTS	$’000	$’000	$’000	$’000	$’000
Revenue	1,122,941	1,033,404	742,931	749,451	720,925
Operating Profit ¹	229,620	212,551	119,888	95,994	89,227
Profit Before Taxation	219,608	204,513	109,891	95,076	90,049
Profit After Tax	174,215	157,012	84,538	77,359	71,404
FINANCIAL POSITIONS	$’000	$’000	$’000	$’000	$’000
Net Asset Value	774,033	751,599	679,951	607,752	560,244
Inventories	283,538	254,126	259,096	286,425	286,356
Cash and Bank Balances	244,553	323,360	247,872	183,131	180,971
Loans and Borrowings	93,814	111,037	105,121	64,467	14,972
Free Cash Flow ²	121,389	181,032	136,265	68,607	46,931
FINANCIAL RATIOS
Gross Margin (%)	33.6	32.7	29.2	28.8	27.0
Operating Margin (%) ¹	20.4	20.6	16.1	12.8	12.4
Net Margin (%)	15.5	15.2	11.4	10.3	9.9
Inventory Turnover Ratio	2.6	2.7	2.0	1.9	1.8
Debt/Equity Ratio (%)	12.1	14.8	15.5	10.6	2.7
Earning per Share (cents)	25.91	22.34	11.71	10.79	9.99
Net Asset Value per Ordinary Share ($)	1.18	1.10	0.97	0.86	0.79

1. Excluding fair value adjustment on investment properties, impairment loss on property, plant and equipment and goodwill.
2. Free cash flow refers to net cash flow from operating activities less operating capital expenditure (excluding land and premises) and payment of lease liabilities.