Time Watch Investments Ltd
HKEX:2033
Income Statement
Earnings Waterfall
Time Watch Investments Ltd
Revenue
|
948.1m
HKD
|
Cost of Revenue
|
-238.6m
HKD
|
Gross Profit
|
709.4m
HKD
|
Operating Expenses
|
-655.9m
HKD
|
Operating Income
|
53.6m
HKD
|
Other Expenses
|
39.9m
HKD
|
Net Income
|
93.5m
HKD
|
Income Statement
Time Watch Investments Ltd
Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
2 378
N/A
|
2 245
-6%
|
1 726
-23%
|
1 631
-6%
|
1 918
+18%
|
1 725
-10%
|
1 408
-18%
|
1 103
-22%
|
982
-11%
|
948
-3%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(623)
|
(579)
|
(453)
|
(415)
|
(471)
|
(457)
|
(386)
|
(303)
|
(261)
|
(239)
|
|
Gross Profit |
1 755
N/A
|
1 666
-5%
|
1 273
-24%
|
1 215
-5%
|
1 447
+19%
|
1 268
-12%
|
1 022
-19%
|
800
-22%
|
721
-10%
|
709
-2%
|
|
Operating Income | |||||||||||
Operating Expenses |
(1 391)
|
(1 327)
|
(1 078)
|
(997)
|
(1 152)
|
(1 126)
|
(1 013)
|
(833)
|
(683)
|
(656)
|
|
Selling, General & Administrative |
(1 425)
|
(1 362)
|
(1 118)
|
(1 034)
|
(1 190)
|
(1 159)
|
(1 043)
|
(868)
|
(713)
|
(679)
|
|
Other Operating Expenses |
34
|
35
|
40
|
37
|
37
|
33
|
30
|
35
|
30
|
23
|
|
Operating Income |
364
N/A
|
339
-7%
|
195
-43%
|
219
+12%
|
295
+35%
|
142
-52%
|
10
-93%
|
(33)
N/A
|
38
N/A
|
54
+42%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
42
|
58
|
14
|
45
|
85
|
78
|
36
|
(25)
|
13
|
60
|
|
Non-Reccuring Items |
(12)
|
(12)
|
(13)
|
(12)
|
(7)
|
(9)
|
(22)
|
(20)
|
(5)
|
(4)
|
|
Pre-Tax Income |
394
N/A
|
385
-2%
|
196
-49%
|
253
+29%
|
372
+47%
|
211
-43%
|
24
-89%
|
(77)
N/A
|
46
N/A
|
110
+141%
|
|
Net Income | |||||||||||
Tax Provision |
(75)
|
(61)
|
(54)
|
(72)
|
(103)
|
(64)
|
8
|
25
|
(7)
|
(15)
|
|
Income from Continuing Operations |
319
|
324
|
142
|
181
|
269
|
148
|
32
|
(52)
|
38
|
94
|
|
Income to Minority Interest |
(1)
|
(0)
|
(2)
|
(6)
|
(9)
|
(3)
|
1
|
(0)
|
(1)
|
(1)
|
|
Net Income (Common) |
305
N/A
|
285
-7%
|
91
-68%
|
147
+61%
|
259
+76%
|
145
-44%
|
33
-77%
|
(53)
N/A
|
37
N/A
|
93
+152%
|
|
EPS (Diluted) |
0.15
N/A
|
0.16
+7%
|
0.04
-75%
|
0.08
+100%
|
0.12
+50%
|
0.07
-42%
|
0.02
-71%
|
-0.03
N/A
|
0.02
N/A
|
0.05
+150%
|