ECIT AS
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. ECIT AS's past years’ income statements indicate that its last revenue has increased compared to the previous period by 22% to $3,438,000,000. The net income raised on $110,000,000 and profit margin reached 3%. Total operating expenses were $2,567,000,000.
Profit Margin
| 2018 | 1.06B | 52.77M | 4.95% |
|---|---|---|---|
| 2019 | 1.34B | 41.39M | 3.08% |
| 2020 | 1.82B | 121.22M | 6.63% |
| 2021 | 2.38B | 49M | 2.06% |
| 2022 | 2.82B | 105M | 3.72% |
| 2023 | 3.43B | 110M | 3.2% |
ECIT.OL Income Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue | 3.43B | 2.82B | 2.38B | 1.82B | 1.34B | 1.06B |
Cost of revenue | 624M | 529M | 506M | 393.54M | 268.28M | 172.31M |
Gross profit | 2.81B | 2.29B | 1.87B | 1.43B | 1.07B | 894.59M |
Operating exp. | ||||||
Research and development | 34M | 25M | 21M | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 17.22M | 12.38M | 9.45M |
Total operating expenses | 2.56B | 2.06B | 1.69B | 1.31B | 1.00B | 832.16M |
Operating income | 247M | 247M | 177M | 120.44M | 63.16M | 55.56M |
Other income (expenses), net | -20M | -18M | -27M | 43.63M | -4.48M | 12.09M |
Income before tax | 227M | 229M | 150M | 164.07M | 58.68M | 67.65M |
Income tax expense | 53M | 52M | 35M | 42.85M | 17.28M | 14.88M |
Net income | 110M | 105M | 49M | 121.22M | 41.39M | 52.77M |
Earnings per share | ||||||
Basic EPS | 0.24 | 0.24 | 0.12 | 0.27 | 0.09 | 0.16 |
Diluted EPS | 0.24 | 0.24 | 0.12 | 0.27 | 0.09 | 0.16 |
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