Income Statement Report

 Projection:
 Using the Company’s Released income statements for years 2018-2022 we calculated the annual
growth rate and concluded that the average growth rate through the 5 years to be 16.475%,
using it to project the growth of the sales Revenue for the next 5 years taking in consideration
the expected inflation for years 2023-2027.
 We applied vertical analysis to build proforma income statement for 5 years by comparing each
line item to total revenue as percentage for year 2022 and by multiplying these percentages to
the new sales revenues for years 2023-2027 to get the increase in these items related to the
increase in the sales Revenue.

 For actual financial years (2018-2022):

 The company’s Revenues is increasing with average growth rate of 16.475%, reported
highest profit in year 2022 of 2,304.5 Mn with margin=11.60%, highest Revenues in year
2022 of 19,870.5 Mn, where the development sector was the highest segment to
contribute in this revenue by 14,671.5 Mn and being the highest segment to contribute
in Revenue by average ratio for the 5 years of 74.91%.
 Highest gross profit reported in year 2022 of 6,238.6 Mn with percentage 31.40% of
total Revenue.
 Highest COGS reported in year 2022 13,631.9 Mn, where the development sector cost
segment reported the highest costs of 10,446.4 Mn by average ratio for 5 years of
74.81%.
 The company reported lowest profit in year 2020 of 1672 Mn with margin= 11.86% as
hospitality and tourism sector was affected by the covid-19 pandemic reporting 622.4
Mn Revenue only, total Revenue of 14097.8 Mn, Gross profit of 4113.4 Mn with
margin=29.18%

 For projected financial years (2023-2027):

 It’s estimated that the company will continue it’s growing and the highest Profit will be
in 2027 of 10,898.2 Mn , Revenue estimated to be 93962.9 Mn
 Highest gross profit estimated to be in 2027 29,500.9 Mn
 Lowest profit estimated to be in 2023 with 3226.4 Mn, Revenue 27817.7 Mn