MM2 Asia Ltd
SGX:1B0
Income Statement
Earnings Waterfall
MM2 Asia Ltd
Revenue
|
325.3m
SGD
|
Cost of Revenue
|
-244.1m
SGD
|
Gross Profit
|
81.2m
SGD
|
Operating Expenses
|
-41.7m
SGD
|
Operating Income
|
39.5m
SGD
|
Other Expenses
|
-160.5m
SGD
|
Net Income
|
-121m
SGD
|
Income Statement
MM2 Asia Ltd
Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||
Revenue |
35
N/A
|
53
+51%
|
96
+80%
|
107
+12%
|
117
+9%
|
151
+29%
|
192
+27%
|
216
+13%
|
299
+38%
|
321
+7%
|
266
-17%
|
315
+18%
|
270
-14%
|
236
-13%
|
256
+8%
|
75
-71%
|
102
+35%
|
84
-18%
|
146
+74%
|
208
+43%
|
134
-35%
|
325
+142%
|
|
Gross Profit | |||||||||||||||||||||||
Cost of Revenue |
(15)
|
(24)
|
(50)
|
(56)
|
(61)
|
(81)
|
(105)
|
(112)
|
(148)
|
(163)
|
(142)
|
(161)
|
(148)
|
(146)
|
(166)
|
(69)
|
(86)
|
(76)
|
(112)
|
(160)
|
(107)
|
(244)
|
|
Gross Profit |
20
N/A
|
29
+45%
|
45
+58%
|
51
+12%
|
55
+10%
|
70
+26%
|
87
+25%
|
105
+20%
|
151
+44%
|
157
+4%
|
124
-21%
|
154
+24%
|
122
-21%
|
89
-27%
|
90
+0%
|
6
-93%
|
15
+155%
|
8
-48%
|
34
+324%
|
48
+42%
|
28
-42%
|
81
+193%
|
|
Operating Income | |||||||||||||||||||||||
Operating Expenses |
(9)
|
(13)
|
(20)
|
(22)
|
(23)
|
(33)
|
(47)
|
(58)
|
(83)
|
(88)
|
(68)
|
(82)
|
(66)
|
(68)
|
(76)
|
(73)
|
(85)
|
(19)
|
(53)
|
(66)
|
(15)
|
(42)
|
|
Selling, General & Administrative |
(9)
|
(14)
|
(20)
|
(23)
|
(24)
|
(33)
|
(47)
|
(60)
|
(86)
|
(90)
|
(72)
|
(85)
|
(69)
|
(69)
|
(90)
|
(90)
|
(84)
|
(20)
|
(60)
|
(72)
|
(16)
|
(39)
|
|
Other Operating Expenses |
(0)
|
1
|
0
|
0
|
1
|
0
|
0
|
2
|
3
|
3
|
4
|
3
|
3
|
0
|
14
|
17
|
(1)
|
1
|
7
|
5
|
1
|
(3)
|
|
Operating Income |
11
N/A
|
16
+47%
|
25
+58%
|
28
+12%
|
33
+14%
|
37
+14%
|
41
+10%
|
47
+15%
|
68
+45%
|
69
+3%
|
56
-19%
|
73
+28%
|
56
-23%
|
21
-63%
|
13
-36%
|
(67)
N/A
|
(70)
-4%
|
(11)
+84%
|
(19)
-77%
|
(18)
+5%
|
12
N/A
|
40
+217%
|
|
Pre-Tax Income | |||||||||||||||||||||||
Interest Income Expense |
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(8)
|
(16)
|
(20)
|
(17)
|
(23)
|
(19)
|
(11)
|
(29)
|
(28)
|
(16)
|
(6)
|
(14)
|
(19)
|
(35)
|
(51)
|
|
Non-Reccuring Items |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(2)
|
0
|
1
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(1)
|
0
|
(0)
|
(1)
|
(0)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
|
Pre-Tax Income |
10
N/A
|
16
+59%
|
24
+54%
|
27
+13%
|
32
+17%
|
35
+9%
|
37
+6%
|
39
+6%
|
51
+32%
|
50
-3%
|
40
-20%
|
50
+26%
|
37
-27%
|
10
-74%
|
(15)
N/A
|
(98)
-537%
|
(86)
+12%
|
(16)
+81%
|
(34)
-108%
|
(37)
-11%
|
(23)
+39%
|
(12)
+48%
|
|
Net Income | |||||||||||||||||||||||
Tax Provision |
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(12)
|
(13)
|
(11)
|
(14)
|
(10)
|
(3)
|
(4)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(5)
|
|
Income from Continuing Operations |
8
|
13
|
20
|
23
|
27
|
29
|
30
|
31
|
39
|
37
|
29
|
36
|
27
|
6
|
(20)
|
(100)
|
(88)
|
(17)
|
(34)
|
(38)
|
(23)
|
(17)
|
|
Income to Minority Interest |
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(3)
|
0
|
9
|
8
|
7
|
5
|
6
|
2
|
(5)
|
|
Net Income (Common) |
7
N/A
|
11
+61%
|
18
+57%
|
19
+8%
|
22
+14%
|
22
+3%
|
22
+1%
|
23
+4%
|
30
+27%
|
27
-10%
|
19
-29%
|
26
+36%
|
27
+3%
|
3
-88%
|
(19)
N/A
|
(91)
-376%
|
(80)
+12%
|
(35)
+56%
|
(29)
+17%
|
(32)
-12%
|
(120)
-271%
|
(121)
0%
|
|
EPS (Diluted) |
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
0.02
+100%
|
0.03
+50%
|
0.03
N/A
|
0.01
-67%
|
0.02
+100%
|
0.01
-50%
|
0
N/A
|
-0.01
N/A
|
-0.05
-400%
|
-0.05
N/A
|
0
N/A
|
-0.01
N/A
|
-0.01
N/A
|
-0.03
-200%
|
-0.03
N/A
|