Duty Free International Ltd
SGX:5SO
Income Statement
Earnings Waterfall
Duty Free International Ltd
Revenue
|
157.9m
MYR
|
Cost of Revenue
|
-102.2m
MYR
|
Gross Profit
|
55.7m
MYR
|
Operating Expenses
|
-43.9m
MYR
|
Operating Income
|
11.8m
MYR
|
Other Expenses
|
4.5m
MYR
|
Net Income
|
16.3m
MYR
|
Income Statement
Duty Free International Ltd
Nov-2013 | Feb-2014 | May-2014 | Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Feb-2021 | May-2021 | Aug-2021 | Nov-2021 | Feb-2022 | May-2022 | Aug-2022 | Nov-2022 | Feb-2023 | May-2023 | Aug-2023 | Nov-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
516
N/A
|
567
+10%
|
574
+1%
|
580
+1%
|
562
-3%
|
561
0%
|
572
+2%
|
586
+2%
|
603
+3%
|
605
+0%
|
658
+9%
|
665
+1%
|
645
-3%
|
633
-2%
|
605
-4%
|
594
-2%
|
593
0%
|
612
+3%
|
564
-8%
|
532
-6%
|
557
+5%
|
556
0%
|
575
+3%
|
575
+0%
|
615
+7%
|
617
+0%
|
525
-15%
|
471
-10%
|
318
-32%
|
223
-30%
|
214
-4%
|
165
-23%
|
144
-13%
|
99
-31%
|
90
-9%
|
113
+25%
|
133
+18%
|
152
+14%
|
164
+8%
|
163
-1%
|
158
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(373)
|
(398)
|
(404)
|
(412)
|
(401)
|
(399)
|
(406)
|
(412)
|
(416)
|
(406)
|
(448)
|
(451)
|
(437)
|
(431)
|
(410)
|
(402)
|
(405)
|
(426)
|
(387)
|
(360)
|
(380)
|
(383)
|
(400)
|
(407)
|
(454)
|
(472)
|
(412)
|
(383)
|
(267)
|
(194)
|
(187)
|
(145)
|
(122)
|
(79)
|
(68)
|
(77)
|
(85)
|
(96)
|
(100)
|
(103)
|
(102)
|
|
Gross Profit |
143
N/A
|
169
+18%
|
170
+1%
|
168
-1%
|
161
-4%
|
162
+0%
|
167
+3%
|
173
+4%
|
187
+8%
|
199
+6%
|
210
+6%
|
214
+2%
|
208
-3%
|
202
-3%
|
196
-3%
|
192
-2%
|
189
-2%
|
185
-2%
|
177
-4%
|
172
-3%
|
177
+3%
|
173
-2%
|
175
+1%
|
168
-4%
|
161
-4%
|
145
-10%
|
113
-22%
|
88
-22%
|
51
-42%
|
29
-42%
|
26
-10%
|
20
-23%
|
21
+6%
|
20
-7%
|
22
+11%
|
36
+62%
|
49
+35%
|
56
+16%
|
65
+15%
|
60
-7%
|
56
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(71)
|
(92)
|
(93)
|
(94)
|
(92)
|
(96)
|
(98)
|
(101)
|
(107)
|
(109)
|
(116)
|
(118)
|
(120)
|
(112)
|
(109)
|
(108)
|
(106)
|
(114)
|
(117)
|
(119)
|
(121)
|
(122)
|
(124)
|
(123)
|
(120)
|
(113)
|
(100)
|
(90)
|
(71)
|
(57)
|
(44)
|
(33)
|
(30)
|
(23)
|
(26)
|
(31)
|
(38)
|
(43)
|
(47)
|
(45)
|
(44)
|
|
Selling, General & Administrative |
(54)
|
(87)
|
(85)
|
(83)
|
(79)
|
(79)
|
(80)
|
(83)
|
(86)
|
(89)
|
(94)
|
(94)
|
(96)
|
(95)
|
(95)
|
(99)
|
(100)
|
(91)
|
(103)
|
(104)
|
(106)
|
(97)
|
(103)
|
(97)
|
(89)
|
(80)
|
(69)
|
(62)
|
(47)
|
(36)
|
(30)
|
(20)
|
(19)
|
(16)
|
(16)
|
(18)
|
(21)
|
(24)
|
(24)
|
(23)
|
(22)
|
|
Depreciation & Amortization |
(1)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(12)
|
(15)
|
(26)
|
(26)
|
(25)
|
(14)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
|
Other Operating Expenses |
(16)
|
(1)
|
(4)
|
(6)
|
(8)
|
(13)
|
(13)
|
(13)
|
(16)
|
(16)
|
(17)
|
(19)
|
(19)
|
(12)
|
(8)
|
(3)
|
0
|
(18)
|
(9)
|
(10)
|
(10)
|
(19)
|
(14)
|
(16)
|
(19)
|
(18)
|
(4)
|
(2)
|
2
|
(8)
|
(0)
|
0
|
2
|
5
|
3
|
(1)
|
(6)
|
(8)
|
(12)
|
(10)
|
(10)
|
|
Operating Income |
72
N/A
|
77
+6%
|
77
+1%
|
75
-3%
|
70
-7%
|
66
-6%
|
69
+5%
|
72
+4%
|
80
+11%
|
89
+12%
|
94
+5%
|
95
+1%
|
88
-8%
|
90
+2%
|
87
-3%
|
85
-2%
|
83
-2%
|
72
-13%
|
60
-16%
|
53
-11%
|
55
+4%
|
51
-7%
|
50
-2%
|
45
-10%
|
42
-8%
|
32
-23%
|
13
-60%
|
(3)
N/A
|
(20)
-651%
|
(28)
-42%
|
(17)
+39%
|
(13)
+27%
|
(8)
+35%
|
(3)
+61%
|
(3)
-6%
|
5
N/A
|
10
+125%
|
13
+28%
|
17
+30%
|
15
-13%
|
12
-21%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
4
|
4
|
10
|
7
|
2
|
1
|
(5)
|
(5)
|
(5)
|
(4)
|
2
|
14
|
8
|
8
|
10
|
(6)
|
(3)
|
1
|
3
|
14
|
17
|
16
|
13
|
8
|
8
|
8
|
3
|
2
|
(0)
|
(3)
|
(3)
|
(3)
|
(4)
|
(2)
|
(1)
|
(0)
|
4
|
3
|
6
|
7
|
|
Non-Reccuring Items |
(6)
|
1
|
1
|
1
|
2
|
6
|
6
|
6
|
6
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(16)
|
(16)
|
(15)
|
(18)
|
(11)
|
(12)
|
(11)
|
(9)
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
|
Total Other Income |
(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
|
|
Pre-Tax Income |
66
N/A
|
82
+23%
|
83
+1%
|
86
+4%
|
78
-10%
|
73
-6%
|
76
+4%
|
74
-3%
|
81
+10%
|
85
+4%
|
90
+7%
|
97
+8%
|
102
+5%
|
98
-4%
|
95
-3%
|
95
+0%
|
77
-19%
|
69
-11%
|
61
-11%
|
57
-8%
|
69
+21%
|
67
-2%
|
65
-3%
|
56
-14%
|
48
-15%
|
24
-50%
|
5
-79%
|
(15)
N/A
|
(36)
-144%
|
(39)
-9%
|
(32)
+18%
|
(27)
+16%
|
(20)
+27%
|
(7)
+64%
|
(6)
+21%
|
4
N/A
|
10
+144%
|
17
+69%
|
21
+18%
|
20
-1%
|
19
-6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(28)
|
(29)
|
(28)
|
(27)
|
(18)
|
(18)
|
(18)
|
(19)
|
(23)
|
(23)
|
(24)
|
(23)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(20)
|
(17)
|
(17)
|
(15)
|
(15)
|
(14)
|
(13)
|
(13)
|
(9)
|
(7)
|
(10)
|
(7)
|
(7)
|
(7)
|
(1)
|
1
|
1
|
1
|
0
|
(2)
|
(2)
|
(2)
|
(3)
|
|
Income from Continuing Operations |
47
|
53
|
54
|
58
|
51
|
55
|
58
|
56
|
62
|
62
|
67
|
73
|
78
|
77
|
74
|
74
|
56
|
48
|
42
|
40
|
52
|
53
|
50
|
42
|
35
|
11
|
(4)
|
(22)
|
(46)
|
(47)
|
(40)
|
(34)
|
(21)
|
(6)
|
(4)
|
5
|
11
|
15
|
18
|
18
|
16
|
|
Income to Minority Interest |
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(2)
|
(3)
|
(4)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(0)
|
2
|
4
|
7
|
5
|
3
|
3
|
3
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
170
N/A
|
168
-1%
|
54
-68%
|
58
+8%
|
51
-12%
|
55
+7%
|
58
+5%
|
55
-4%
|
62
+12%
|
62
0%
|
67
+9%
|
71
+6%
|
76
+6%
|
73
-4%
|
68
-7%
|
68
+0%
|
50
-26%
|
42
-17%
|
36
-14%
|
34
-5%
|
46
+35%
|
47
+2%
|
45
-4%
|
37
-17%
|
30
-20%
|
11
-64%
|
(1)
N/A
|
(17)
-1 081%
|
(39)
-128%
|
(42)
-7%
|
(36)
+13%
|
(31)
+14%
|
(18)
+41%
|
(4)
+80%
|
(2)
+41%
|
5
N/A
|
11
+103%
|
16
+46%
|
18
+18%
|
18
-1%
|
16
-10%
|
|
EPS (Diluted) |
0.15
N/A
|
0.15
N/A
|
0.05
-67%
|
0.05
N/A
|
0.04
-20%
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.06
+20%
|
0.06
N/A
|
0.07
+17%
|
0.07
N/A
|
0.07
N/A
|
0.06
-14%
|
0.05
-17%
|
0.05
N/A
|
0.03
-40%
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.03
-25%
|
0.02
-33%
|
0.01
-50%
|
0
N/A
|
-0.01
N/A
|
-0.03
-200%
|
-0.03
N/A
|
-0.03
N/A
|
-0.03
N/A
|
-0.02
+33%
|
0
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.01
-50%
|