Tai Sin Electric Ltd
SGX:500
Income Statement
Earnings Waterfall
Tai Sin Electric Ltd
Income Statement
Tai Sin Electric Ltd
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | 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 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
0
|
1
|
1
|
2
|
1
|
2
|
1
|
0
|
0
|
|
| Revenue |
236
N/A
|
205
-13%
|
194
-5%
|
180
-7%
|
179
0%
|
193
+7%
|
200
+4%
|
212
+6%
|
224
+6%
|
232
+4%
|
247
+6%
|
256
+4%
|
258
+1%
|
267
+3%
|
279
+5%
|
285
+2%
|
298
+5%
|
298
+0%
|
305
+2%
|
316
+3%
|
315
0%
|
312
-1%
|
307
-2%
|
304
-1%
|
300
-1%
|
299
0%
|
290
-3%
|
289
0%
|
292
+1%
|
305
+4%
|
321
+5%
|
311
-3%
|
306
-2%
|
294
-4%
|
280
-5%
|
289
+3%
|
300
+4%
|
312
+4%
|
325
+4%
|
332
+2%
|
336
+1%
|
335
0%
|
336
+0%
|
330
-2%
|
329
0%
|
276
-16%
|
411
+49%
|
298
-27%
|
339
+13%
|
379
+12%
|
434
+14%
|
422
-3%
|
388
-8%
|
401
+3%
|
440
+10%
|
481
+9%
|
528
+10%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(188)
|
(171)
|
(156)
|
(144)
|
(141)
|
(151)
|
(166)
|
(172)
|
(184)
|
(193)
|
(207)
|
(214)
|
(215)
|
(219)
|
(228)
|
(231)
|
(239)
|
(242)
|
(248)
|
(254)
|
(254)
|
(248)
|
(244)
|
(244)
|
(241)
|
(242)
|
(236)
|
(237)
|
(239)
|
(247)
|
(256)
|
(246)
|
(240)
|
(229)
|
(222)
|
(232)
|
(244)
|
(258)
|
(271)
|
(281)
|
(286)
|
(287)
|
(285)
|
(277)
|
(275)
|
(232)
|
(342)
|
(257)
|
(291)
|
(299)
|
(349)
|
(355)
|
(324)
|
(334)
|
(365)
|
(401)
|
(455)
|
|
| Gross Profit |
49
N/A
|
34
-31%
|
38
+13%
|
36
-5%
|
38
+5%
|
42
+10%
|
35
-17%
|
40
+16%
|
40
+1%
|
39
-3%
|
40
+2%
|
42
+5%
|
43
+4%
|
48
+10%
|
51
+6%
|
54
+5%
|
59
+9%
|
56
-5%
|
57
+3%
|
62
+8%
|
61
0%
|
64
+4%
|
63
-2%
|
61
-4%
|
59
-3%
|
57
-4%
|
54
-4%
|
52
-4%
|
53
+1%
|
58
+9%
|
65
+12%
|
65
+1%
|
66
+1%
|
65
-1%
|
58
-11%
|
57
-1%
|
56
-3%
|
53
-4%
|
54
+1%
|
51
-6%
|
50
-1%
|
48
-4%
|
51
+6%
|
53
+5%
|
54
+2%
|
44
-18%
|
69
+56%
|
41
-40%
|
48
+15%
|
80
+68%
|
84
+5%
|
67
-21%
|
64
-4%
|
66
+4%
|
75
+14%
|
80
+6%
|
73
-9%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(32)
|
(32)
|
(31)
|
(24)
|
(23)
|
(23)
|
(24)
|
(30)
|
(31)
|
(29)
|
(27)
|
(28)
|
(28)
|
(27)
|
(33)
|
(29)
|
(31)
|
(33)
|
(35)
|
(35)
|
(36)
|
(35)
|
(38)
|
(35)
|
(34)
|
(35)
|
(34)
|
(34)
|
(34)
|
(35)
|
(37)
|
(36)
|
(36)
|
(36)
|
(37)
|
(38)
|
(38)
|
(39)
|
(39)
|
(38)
|
(38)
|
(35)
|
(38)
|
(38)
|
(36)
|
(35)
|
(35)
|
(31)
|
(37)
|
(53)
|
(51)
|
(45)
|
(46)
|
(46)
|
(44)
|
(51)
|
(50)
|
|
| Selling, General & Administrative |
(22)
|
(22)
|
(19)
|
(20)
|
(21)
|
(21)
|
(24)
|
(27)
|
(28)
|
(30)
|
(27)
|
(28)
|
(28)
|
(30)
|
(32)
|
(33)
|
(34)
|
(35)
|
(36)
|
(37)
|
(37)
|
(36)
|
(35)
|
(34)
|
(34)
|
(34)
|
(33)
|
(34)
|
(34)
|
(35)
|
(37)
|
(38)
|
(39)
|
(39)
|
(37)
|
(37)
|
(37)
|
(38)
|
(39)
|
(39)
|
(39)
|
(39)
|
(38)
|
(38)
|
(39)
|
(38)
|
(56)
|
(38)
|
(40)
|
(42)
|
(45)
|
(45)
|
(46)
|
(45)
|
(47)
|
(51)
|
(54)
|
|
| Depreciation & Amortization |
(3)
|
(2)
|
(3)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(8)
|
(7)
|
(10)
|
(5)
|
(2)
|
(1)
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
2
|
(1)
|
3
|
3
|
2
|
1
|
2
|
1
|
2
|
(3)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
2
|
3
|
3
|
0
|
(0)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
3
|
0
|
(0)
|
3
|
3
|
20
|
7
|
3
|
(10)
|
(6)
|
0
|
(1)
|
(1)
|
4
|
(0)
|
4
|
|
| Operating Income |
17
N/A
|
2
-89%
|
7
+279%
|
13
+87%
|
15
+23%
|
18
+19%
|
11
-40%
|
10
-8%
|
9
-10%
|
10
+10%
|
13
+31%
|
14
+8%
|
16
+9%
|
21
+32%
|
19
-10%
|
24
+31%
|
28
+14%
|
23
-18%
|
22
-1%
|
27
+20%
|
26
-5%
|
30
+15%
|
25
-15%
|
26
+3%
|
25
-2%
|
22
-12%
|
21
-7%
|
18
-12%
|
19
+5%
|
23
+18%
|
28
+25%
|
30
+5%
|
30
N/A
|
29
-2%
|
21
-29%
|
20
-4%
|
17
-12%
|
14
-16%
|
15
+1%
|
13
-11%
|
12
-7%
|
12
+2%
|
13
+2%
|
15
+16%
|
18
+23%
|
10
-47%
|
34
+249%
|
11
-68%
|
11
0%
|
27
+158%
|
33
+21%
|
22
-35%
|
17
-20%
|
20
+14%
|
32
+59%
|
29
-8%
|
23
-22%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
4
|
3
|
3
|
3
|
1
|
1
|
0
|
3
|
(0)
|
11
|
(0)
|
(0)
|
(1)
|
(0)
|
(2)
|
0
|
(1)
|
(1)
|
(2)
|
|
| Non-Reccuring Items |
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
(1)
|
(0)
|
0
|
(0)
|
2
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
0
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
15
N/A
|
0
-97%
|
11
+2 291%
|
12
+6%
|
15
+30%
|
18
+21%
|
11
-42%
|
10
-9%
|
9
-8%
|
10
+11%
|
13
+32%
|
14
+8%
|
16
+11%
|
20
+31%
|
22
+6%
|
24
+9%
|
27
+13%
|
22
-18%
|
24
+10%
|
27
+10%
|
25
-5%
|
29
+14%
|
26
-9%
|
25
-4%
|
25
-1%
|
22
-12%
|
20
-7%
|
19
-9%
|
19
+2%
|
22
+15%
|
28
+27%
|
28
+3%
|
29
+2%
|
29
+0%
|
21
-26%
|
20
-9%
|
17
-13%
|
14
-17%
|
18
+29%
|
16
-12%
|
15
-5%
|
16
+2%
|
14
-11%
|
15
+10%
|
18
+20%
|
12
-33%
|
34
+171%
|
21
-37%
|
10
-51%
|
27
+162%
|
32
+17%
|
21
-33%
|
16
-26%
|
20
+29%
|
31
+49%
|
31
+2%
|
21
-33%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
1
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(5)
|
(4)
|
(3)
|
(5)
|
(6)
|
(5)
|
(4)
|
(6)
|
(7)
|
(5)
|
(3)
|
|
| Income from Continuing Operations |
13
|
1
|
9
|
10
|
13
|
16
|
8
|
7
|
7
|
8
|
11
|
12
|
13
|
18
|
19
|
20
|
23
|
19
|
21
|
23
|
22
|
25
|
23
|
22
|
22
|
19
|
18
|
16
|
16
|
19
|
24
|
25
|
25
|
25
|
18
|
17
|
15
|
12
|
16
|
14
|
13
|
13
|
12
|
13
|
16
|
10
|
28
|
18
|
8
|
22
|
26
|
17
|
12
|
15
|
24
|
26
|
18
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
13
N/A
|
1
-90%
|
10
+625%
|
10
+4%
|
13
+33%
|
15
+17%
|
8
-48%
|
7
-12%
|
6
-9%
|
7
+16%
|
11
+41%
|
12
+11%
|
13
+11%
|
17
+35%
|
18
+5%
|
20
+8%
|
22
+14%
|
18
-18%
|
21
+16%
|
23
+8%
|
21
-7%
|
24
+12%
|
22
-10%
|
21
-4%
|
21
0%
|
18
-11%
|
17
-7%
|
16
-7%
|
16
+1%
|
18
+13%
|
23
+28%
|
24
+4%
|
25
+3%
|
25
+1%
|
18
-27%
|
16
-9%
|
14
-13%
|
12
-17%
|
15
+30%
|
14
-12%
|
13
-4%
|
13
+2%
|
12
-11%
|
13
+10%
|
15
+18%
|
10
-36%
|
28
+187%
|
17
-38%
|
8
-56%
|
22
+188%
|
25
+16%
|
17
-34%
|
12
-30%
|
15
+25%
|
24
+61%
|
26
+10%
|
18
-32%
|
|
| EPS (Diluted) |
0.04
N/A
|
0.01
-75%
|
0.02
+100%
|
0.03
+50%
|
0.04
+33%
|
0.04
N/A
|
0.02
-50%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.03
+50%
|
0.03
N/A
|
0.03
N/A
|
0.05
+67%
|
0.04
-20%
|
0.05
+25%
|
0.06
+20%
|
0.04
-33%
|
0.05
+25%
|
0.05
N/A
|
0.04
-20%
|
0.05
+25%
|
0.05
N/A
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.03
-25%
|
0.03
N/A
|
0.02
-33%
|
0.03
+50%
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.06
+200%
|
0.04
-33%
|
0.02
-50%
|
0.05
+150%
|
0.06
+20%
|
0.04
-33%
|
0.03
-25%
|
0.03
N/A
|
0.05
+67%
|
0.06
+20%
|
0.04
-33%
|
|