IFAST Corporation Ltd
SGX:AIY
Income Statement
Earnings Waterfall
IFAST Corporation Ltd
Revenue
|
242.5m
SGD
|
Cost of Revenue
|
-88.1m
SGD
|
Gross Profit
|
154.5m
SGD
|
Operating Expenses
|
-124.8m
SGD
|
Operating Income
|
29.6m
SGD
|
Other Expenses
|
-1.4m
SGD
|
Net Income
|
28.3m
SGD
|
Income Statement
IFAST Corporation Ltd
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 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||
Revenue |
75
N/A
|
78
+4%
|
82
+4%
|
86
+5%
|
84
-2%
|
85
+1%
|
83
-3%
|
79
-5%
|
80
+1%
|
81
+1%
|
84
+4%
|
89
+6%
|
95
+6%
|
101
+7%
|
110
+9%
|
116
+6%
|
121
+4%
|
121
0%
|
117
-3%
|
117
0%
|
120
+2%
|
125
+5%
|
137
+9%
|
145
+6%
|
156
+8%
|
170
+9%
|
187
+10%
|
199
+7%
|
210
+5%
|
216
+3%
|
213
-1%
|
216
+1%
|
212
-2%
|
205
-3%
|
204
-1%
|
203
-1%
|
213
+5%
|
243
+14%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(40)
|
(42)
|
(44)
|
(45)
|
(44)
|
(44)
|
(42)
|
(40)
|
(40)
|
(40)
|
(42)
|
(45)
|
(47)
|
(52)
|
(57)
|
(61)
|
(63)
|
(62)
|
(57)
|
(56)
|
(57)
|
(60)
|
(68)
|
(72)
|
(77)
|
(84)
|
(91)
|
(97)
|
(100)
|
(103)
|
(101)
|
(100)
|
(98)
|
(90)
|
(88)
|
(85)
|
(85)
|
(88)
|
|
Gross Profit |
35
N/A
|
37
+4%
|
38
+4%
|
41
+6%
|
41
+0%
|
42
+2%
|
41
-1%
|
39
-4%
|
40
+1%
|
41
+2%
|
43
+4%
|
45
+5%
|
47
+5%
|
49
+5%
|
53
+6%
|
56
+6%
|
58
+4%
|
60
+3%
|
60
+1%
|
62
+2%
|
63
+2%
|
65
+3%
|
69
+6%
|
72
+5%
|
78
+8%
|
86
+9%
|
96
+11%
|
102
+7%
|
109
+7%
|
113
+4%
|
113
0%
|
116
+3%
|
115
-1%
|
115
+1%
|
117
+1%
|
118
+1%
|
128
+9%
|
154
+21%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(25)
|
(26)
|
(29)
|
(31)
|
(31)
|
(31)
|
(32)
|
(33)
|
(35)
|
(36)
|
(37)
|
(38)
|
(40)
|
(42)
|
(44)
|
(46)
|
(48)
|
(50)
|
(51)
|
(53)
|
(54)
|
(56)
|
(57)
|
(58)
|
(59)
|
(61)
|
(66)
|
(69)
|
(74)
|
(77)
|
(79)
|
(88)
|
(94)
|
(102)
|
(109)
|
(109)
|
(112)
|
(125)
|
|
Selling, General & Administrative |
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(33)
|
(35)
|
(37)
|
(40)
|
(41)
|
(43)
|
(44)
|
(44)
|
(49)
|
(53)
|
(58)
|
(60)
|
(60)
|
(62)
|
(71)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(9)
|
(11)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
|
Other Operating Expenses |
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(16)
|
(15)
|
(14)
|
(13)
|
(12)
|
(11)
|
(9)
|
(8)
|
(9)
|
(10)
|
(13)
|
(15)
|
(15)
|
(19)
|
(21)
|
(23)
|
(27)
|
(28)
|
(28)
|
(30)
|
|
Operating Income |
11
N/A
|
11
+1%
|
9
-12%
|
10
+4%
|
9
-3%
|
11
+13%
|
9
-20%
|
6
-26%
|
5
-17%
|
5
-13%
|
5
+10%
|
7
+39%
|
8
+6%
|
8
+2%
|
8
+11%
|
9
+9%
|
10
+7%
|
10
+2%
|
9
-7%
|
9
-5%
|
9
-2%
|
9
+8%
|
12
+29%
|
15
+22%
|
19
+33%
|
25
+26%
|
30
+22%
|
33
+11%
|
36
+8%
|
37
+3%
|
34
-7%
|
28
-17%
|
20
-28%
|
13
-35%
|
8
-40%
|
8
+5%
|
15
+84%
|
30
+91%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(0)
|
1
|
3
|
5
|
5
|
6
|
7
|
|
Non-Reccuring Items |
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(6)
|
(5)
|
0
|
0
|
(1)
|
|
Total Other Income |
(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
|
|
Pre-Tax Income |
11
N/A
|
9
-18%
|
10
+11%
|
11
+8%
|
11
+2%
|
13
+17%
|
11
-14%
|
9
-21%
|
8
-13%
|
6
-19%
|
7
+10%
|
8
+18%
|
8
+5%
|
9
+5%
|
10
+11%
|
11
+10%
|
11
+7%
|
12
+9%
|
11
-9%
|
11
-5%
|
10
-2%
|
11
+6%
|
14
+23%
|
16
+21%
|
21
+27%
|
25
+22%
|
31
+23%
|
34
+8%
|
36
+5%
|
36
+0%
|
33
-8%
|
23
-31%
|
16
-27%
|
11
-35%
|
8
-29%
|
14
+88%
|
22
+56%
|
37
+64%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(10)
|
|
Income from Continuing Operations |
10
|
9
|
10
|
10
|
10
|
12
|
10
|
8
|
7
|
5
|
6
|
7
|
7
|
7
|
8
|
9
|
10
|
11
|
10
|
9
|
9
|
9
|
11
|
13
|
17
|
21
|
26
|
29
|
30
|
30
|
27
|
17
|
12
|
5
|
2
|
9
|
15
|
27
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Net Income (Common) |
8
N/A
|
9
+7%
|
10
+12%
|
10
+7%
|
10
0%
|
12
+19%
|
10
-15%
|
8
-21%
|
7
-13%
|
5
-24%
|
6
+10%
|
7
+16%
|
7
+1%
|
8
+9%
|
9
+12%
|
10
+10%
|
10
+6%
|
11
+8%
|
10
-10%
|
9
-5%
|
9
-2%
|
10
+4%
|
12
+21%
|
14
+18%
|
17
+27%
|
21
+22%
|
26
+24%
|
29
+9%
|
30
+5%
|
31
+1%
|
28
-10%
|
18
-35%
|
12
-31%
|
6
-48%
|
4
-43%
|
10
+172%
|
16
+65%
|
28
+73%
|
|
EPS (Diluted) |
0.05
N/A
|
0.04
-20%
|
0.03
-25%
|
0.03
N/A
|
0.03
N/A
|
0.05
+67%
|
0.03
-40%
|
0.02
-33%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.03
+50%
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.03
-25%
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.05
+25%
|
0.06
+20%
|
0.07
+17%
|
0.09
+29%
|
0.1
+11%
|
0.11
+10%
|
0.11
N/A
|
0.09
-18%
|
0.06
-33%
|
0.04
-33%
|
0.02
-50%
|
0.01
-50%
|
0.03
+200%
|
0.05
+67%
|
0.09
+80%
|