Hiap Hoe Ltd
SGX:5JK
Income Statement
Earnings Waterfall
Hiap Hoe Ltd
Income Statement
Hiap Hoe Ltd
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
19
|
0
|
12
|
0
|
11
|
0
|
20
|
0
|
37
|
0
|
39
|
0
|
0
|
|
| Revenue |
92
N/A
|
73
-21%
|
52
-28%
|
33
-37%
|
30
-10%
|
38
+27%
|
62
+65%
|
94
+51%
|
111
+17%
|
121
+10%
|
112
-8%
|
106
-5%
|
107
+1%
|
106
0%
|
116
+9%
|
126
+9%
|
136
+9%
|
148
+9%
|
159
+7%
|
159
+0%
|
146
-9%
|
139
-5%
|
176
+27%
|
216
+23%
|
241
+11%
|
242
+0%
|
189
-22%
|
166
-12%
|
136
-18%
|
126
-7%
|
122
-3%
|
103
-16%
|
108
+5%
|
106
-1%
|
107
+0%
|
88
-17%
|
83
-6%
|
88
+7%
|
88
-1%
|
94
+7%
|
249
+166%
|
273
+10%
|
314
+15%
|
330
+5%
|
187
-43%
|
167
-11%
|
135
-19%
|
129
-5%
|
132
+3%
|
114
-14%
|
80
-30%
|
82
+3%
|
94
+14%
|
97
+4%
|
119
+23%
|
136
+14%
|
112
-18%
|
106
-6%
|
125
+19%
|
129
+3%
|
135
+5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(63)
|
(47)
|
(27)
|
(16)
|
(17)
|
(20)
|
(36)
|
(59)
|
(67)
|
(74)
|
(68)
|
(63)
|
(57)
|
(60)
|
(68)
|
(74)
|
(90)
|
(97)
|
(102)
|
(103)
|
(88)
|
(81)
|
(96)
|
(112)
|
(125)
|
(122)
|
(88)
|
(64)
|
(44)
|
(34)
|
(31)
|
(27)
|
(30)
|
0
|
(22)
|
(8)
|
(2)
|
(7)
|
(6)
|
(6)
|
(111)
|
(122)
|
(148)
|
(158)
|
(55)
|
(41)
|
(16)
|
(9)
|
(9)
|
(7)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
0
|
0
|
|
| Gross Profit |
29
N/A
|
26
-13%
|
25
-2%
|
17
-33%
|
13
-21%
|
17
+32%
|
26
+51%
|
36
+36%
|
44
+23%
|
48
+9%
|
44
-8%
|
43
-2%
|
50
+16%
|
46
-7%
|
48
+5%
|
52
+8%
|
47
-11%
|
52
+11%
|
57
+10%
|
56
-2%
|
58
+3%
|
58
+0%
|
80
+38%
|
104
+31%
|
116
+12%
|
119
+3%
|
101
-15%
|
102
+1%
|
93
-10%
|
92
0%
|
91
-2%
|
76
-17%
|
78
+3%
|
0
N/A
|
65
N/A
|
61
-7%
|
81
+33%
|
81
+1%
|
82
+0%
|
87
+7%
|
138
+58%
|
151
+9%
|
166
+10%
|
173
+4%
|
132
-23%
|
126
-5%
|
119
-5%
|
120
+0%
|
124
+3%
|
107
-14%
|
77
-28%
|
80
+3%
|
91
+15%
|
97
+6%
|
119
+23%
|
0
N/A
|
112
N/A
|
105
-6%
|
125
+19%
|
0
N/A
|
0
N/A
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(7)
|
(6)
|
(5)
|
(4)
|
(6)
|
(3)
|
(3)
|
(3)
|
(3)
|
(9)
|
(11)
|
(11)
|
(13)
|
(5)
|
(4)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(4)
|
(7)
|
(6)
|
(24)
|
(27)
|
(41)
|
(73)
|
(74)
|
(103)
|
(103)
|
(92)
|
(68)
|
(98)
|
(71)
|
(50)
|
(71)
|
(33)
|
(35)
|
(53)
|
(89)
|
(58)
|
(62)
|
(103)
|
(96)
|
(105)
|
(106)
|
(110)
|
(111)
|
(96)
|
(76)
|
(90)
|
(95)
|
(77)
|
(104)
|
(116)
|
(107)
|
(109)
|
(106)
|
(90)
|
(109)
|
|
| Selling, General & Administrative |
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(11)
|
(12)
|
(13)
|
(13)
|
(7)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(9)
|
(11)
|
(23)
|
(31)
|
(48)
|
(69)
|
(64)
|
(92)
|
(90)
|
(89)
|
(73)
|
(61)
|
(49)
|
(33)
|
(34)
|
(25)
|
(27)
|
(28)
|
(41)
|
(29)
|
(27)
|
(27)
|
(42)
|
(27)
|
(28)
|
(30)
|
(41)
|
(37)
|
(35)
|
(33)
|
(37)
|
(37)
|
(43)
|
(47)
|
(45)
|
(46)
|
(48)
|
(48)
|
(38)
|
|
| Depreciation & Amortization |
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
(5)
|
(11)
|
(16)
|
(17)
|
(21)
|
(21)
|
(22)
|
(20)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(26)
|
(27)
|
(27)
|
(33)
|
(25)
|
(31)
|
(26)
|
(25)
|
(25)
|
(25)
|
(24)
|
(23)
|
(23)
|
(23)
|
(23)
|
|
| Other Operating Expenses |
1
|
0
|
2
|
2
|
0
|
2
|
0
|
1
|
1
|
2
|
2
|
1
|
1
|
2
|
2
|
3
|
2
|
2
|
2
|
1
|
1
|
3
|
2
|
5
|
1
|
4
|
7
|
(5)
|
(8)
|
(12)
|
(13)
|
(3)
|
5
|
(31)
|
(12)
|
(2)
|
(20)
|
13
|
13
|
(3)
|
(29)
|
(8)
|
(12)
|
(53)
|
(32)
|
(54)
|
(52)
|
(53)
|
(43)
|
(26)
|
(16)
|
(26)
|
(32)
|
(14)
|
(37)
|
(45)
|
(38)
|
(40)
|
(35)
|
(19)
|
(47)
|
|
| Operating Income |
23
N/A
|
19
-16%
|
20
+6%
|
13
-37%
|
7
-44%
|
14
+97%
|
23
+61%
|
32
+42%
|
40
+25%
|
39
-4%
|
33
-14%
|
32
-3%
|
37
+16%
|
41
+10%
|
45
+9%
|
50
+11%
|
44
-12%
|
49
+11%
|
54
+11%
|
52
-3%
|
53
+2%
|
53
+1%
|
72
+36%
|
98
+35%
|
92
-6%
|
92
N/A
|
60
-35%
|
29
-52%
|
19
-34%
|
(11)
N/A
|
(12)
-12%
|
(16)
-31%
|
10
N/A
|
9
-11%
|
14
+58%
|
31
+120%
|
10
-69%
|
48
+402%
|
46
-4%
|
35
-24%
|
49
+40%
|
94
+92%
|
104
+12%
|
69
-34%
|
36
-48%
|
21
-41%
|
14
-35%
|
10
-28%
|
13
+28%
|
10
-17%
|
1
-86%
|
(10)
N/A
|
(3)
+68%
|
20
N/A
|
15
-25%
|
19
+28%
|
4
-78%
|
(4)
N/A
|
19
N/A
|
39
+104%
|
26
-32%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
1
|
0
|
(0)
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
3
|
4
|
8
|
11
|
13
|
15
|
13
|
14
|
9
|
6
|
4
|
4
|
200
|
195
|
192
|
171
|
(17)
|
(16)
|
(19)
|
(18)
|
(4)
|
(8)
|
(5)
|
4
|
5
|
10
|
9
|
3
|
(6)
|
(11)
|
(22)
|
(36)
|
(20)
|
(19)
|
(17)
|
3
|
(16)
|
(35)
|
2
|
5
|
(23)
|
(51)
|
(53)
|
(11)
|
(4)
|
(16)
|
(7)
|
8
|
|
| Non-Reccuring Items |
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
|
149
|
148
|
148
|
142
|
(2)
|
(0)
|
(0)
|
(3)
|
0
|
0
|
0
|
41
|
0
|
0
|
0
|
43
|
0
|
0
|
43
|
(4)
|
0
|
0
|
0
|
8
|
0
|
(4)
|
2
|
25
|
4
|
(1)
|
15
|
(1)
|
0
|
(4)
|
0
|
2
|
|
| Gain/Loss on Disposition of Assets |
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
|
0
|
0
|
13
|
13
|
0
|
13
|
34
|
18
|
0
|
0
|
|
| Total Other Income |
(1)
|
(0)
|
(2)
|
(2)
|
(0)
|
(2)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
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
|
0
|
0
|
(10)
|
0
|
(21)
|
0
|
|
| Pre-Tax Income |
23
N/A
|
20
-14%
|
21
+5%
|
12
-40%
|
8
-33%
|
13
+61%
|
22
+65%
|
32
+45%
|
42
+30%
|
39
-7%
|
33
-14%
|
32
-3%
|
40
+23%
|
44
+10%
|
49
+12%
|
58
+18%
|
55
-6%
|
61
+13%
|
69
+12%
|
65
-5%
|
67
+2%
|
62
-7%
|
78
+26%
|
102
+30%
|
97
-5%
|
441
+357%
|
403
-9%
|
369
-8%
|
332
-10%
|
(29)
N/A
|
(29)
+2%
|
(36)
-25%
|
(11)
+70%
|
5
N/A
|
6
+14%
|
26
+363%
|
55
+111%
|
53
-4%
|
56
+7%
|
44
-22%
|
95
+117%
|
87
-8%
|
93
+7%
|
90
-3%
|
(4)
N/A
|
1
N/A
|
(5)
N/A
|
(7)
-25%
|
24
N/A
|
(5)
N/A
|
(37)
-584%
|
(5)
+85%
|
27
N/A
|
14
-47%
|
(24)
N/A
|
(18)
+23%
|
6
N/A
|
16
+162%
|
17
+8%
|
11
-36%
|
37
+235%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(2)
|
(2)
|
(0)
|
(0)
|
(2)
|
(4)
|
(6)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(8)
|
(9)
|
(9)
|
(13)
|
(17)
|
(18)
|
(18)
|
(15)
|
(13)
|
(11)
|
(10)
|
(8)
|
(5)
|
4
|
1
|
0
|
(3)
|
(9)
|
(7)
|
(6)
|
(3)
|
(14)
|
(15)
|
(18)
|
(19)
|
(6)
|
(5)
|
(1)
|
(1)
|
(2)
|
1
|
0
|
(3)
|
(5)
|
(3)
|
1
|
(1)
|
(1)
|
(10)
|
(11)
|
0
|
(6)
|
|
| Income from Continuing Operations |
19
|
18
|
19
|
12
|
8
|
11
|
18
|
26
|
34
|
31
|
28
|
27
|
35
|
39
|
43
|
51
|
47
|
53
|
60
|
57
|
58
|
53
|
66
|
85
|
79
|
423
|
388
|
356
|
321
|
(39)
|
(37)
|
(41)
|
(7)
|
5
|
6
|
23
|
45
|
46
|
50
|
41
|
81
|
72
|
75
|
71
|
(10)
|
(3)
|
(7)
|
(7)
|
22
|
(5)
|
(37)
|
(8)
|
21
|
11
|
(22)
|
(19)
|
6
|
6
|
7
|
11
|
31
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
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)
|
(0)
|
|
| Net Income (Common) |
19
N/A
|
18
-9%
|
19
+6%
|
13
-33%
|
8
-34%
|
11
+36%
|
18
+60%
|
26
+43%
|
34
+32%
|
31
-8%
|
28
-11%
|
27
-2%
|
35
+27%
|
39
+12%
|
43
+10%
|
51
+19%
|
47
-7%
|
54
+13%
|
60
+12%
|
57
-5%
|
58
+1%
|
54
-7%
|
67
+23%
|
87
+30%
|
80
-8%
|
424
+430%
|
389
-8%
|
356
-8%
|
321
-10%
|
(39)
N/A
|
(37)
+5%
|
(41)
-10%
|
(7)
+83%
|
6
N/A
|
6
+9%
|
23
+265%
|
45
+98%
|
46
+1%
|
50
+10%
|
41
-19%
|
80
+98%
|
72
-10%
|
75
+4%
|
71
-5%
|
(10)
N/A
|
(3)
+67%
|
(7)
-113%
|
(7)
-8%
|
22
N/A
|
(5)
N/A
|
(37)
-665%
|
(8)
+78%
|
21
N/A
|
12
-45%
|
(22)
N/A
|
(19)
+13%
|
6
N/A
|
6
+8%
|
7
+9%
|
11
+67%
|
30
+177%
|
|
| EPS (Diluted) |
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.03
-40%
|
0.02
-33%
|
0.02
N/A
|
0.03
+50%
|
0.05
+67%
|
0.07
+40%
|
0.07
N/A
|
0.06
-14%
|
0.06
N/A
|
0.07
+17%
|
0.08
+14%
|
0.09
+12%
|
0.1
+11%
|
0.1
N/A
|
0.11
+10%
|
0.13
+18%
|
0.13
N/A
|
0.12
-8%
|
0.12
N/A
|
0.14
+17%
|
0.18
+29%
|
0.17
-6%
|
0.9
+429%
|
0.83
-8%
|
0.76
-8%
|
0.68
-11%
|
-0.08
N/A
|
-0.08
N/A
|
-0.09
-12%
|
-0.01
+89%
|
0
N/A
|
0
N/A
|
0.04
N/A
|
0.1
+150%
|
0.1
N/A
|
0.11
+10%
|
0.09
-18%
|
0.17
+89%
|
0.15
-12%
|
0.16
+7%
|
0.15
-6%
|
-0.02
N/A
|
-0.01
+50%
|
-0.01
N/A
|
-0.02
-100%
|
0.05
N/A
|
-0.01
N/A
|
-0.08
-700%
|
-0.02
+75%
|
0.05
N/A
|
0.02
-60%
|
-0.05
N/A
|
-0.04
+20%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.06
+200%
|
|