Boustead Projects Ltd
SGX:AVM
Income Statement
Earnings Waterfall
Boustead Projects Ltd
Revenue
|
284m
SGD
|
Cost of Revenue
|
-258m
SGD
|
Gross Profit
|
25.9m
SGD
|
Operating Expenses
|
-15.2m
SGD
|
Operating Income
|
10.8m
SGD
|
Other Expenses
|
7.6m
SGD
|
Net Income
|
18.4m
SGD
|
Income Statement
Boustead Projects Ltd
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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||
Revenue |
255
N/A
|
256
+0%
|
259
+1%
|
245
-5%
|
255
+4%
|
260
+2%
|
268
+3%
|
249
-7%
|
228
-8%
|
213
-7%
|
201
-6%
|
182
-9%
|
170
-7%
|
163
-4%
|
174
+6%
|
207
+19%
|
234
+13%
|
248
+6%
|
344
+39%
|
426
+24%
|
357
-16%
|
301
-16%
|
393
+30%
|
339
-14%
|
278
-18%
|
284
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||
Cost of Revenue |
(198)
|
(198)
|
(205)
|
(183)
|
(197)
|
(200)
|
(206)
|
(189)
|
(170)
|
(154)
|
(138)
|
(119)
|
(110)
|
(106)
|
(116)
|
(148)
|
(187)
|
(205)
|
(298)
|
(374)
|
(321)
|
(284)
|
(370)
|
(325)
|
(264)
|
(258)
|
|
Gross Profit |
57
N/A
|
57
0%
|
53
-7%
|
62
+16%
|
59
-5%
|
60
+2%
|
63
+4%
|
60
-4%
|
59
-3%
|
60
+2%
|
63
+5%
|
63
+0%
|
59
-6%
|
57
-4%
|
58
+2%
|
59
+2%
|
47
-20%
|
43
-9%
|
46
+6%
|
52
+14%
|
36
-31%
|
18
-51%
|
23
+30%
|
14
-39%
|
14
-2%
|
26
+92%
|
|
Operating Income | |||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(24)
|
(24)
|
(26)
|
(26)
|
(26)
|
(27)
|
(25)
|
(16)
|
(8)
|
(10)
|
(14)
|
(27)
|
(27)
|
(28)
|
(29)
|
(17)
|
(14)
|
(13)
|
(18)
|
(19)
|
(19)
|
110
|
(22)
|
(20)
|
(15)
|
|
Selling, General & Administrative |
(24)
|
(25)
|
(25)
|
(27)
|
(27)
|
(28)
|
(28)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(29)
|
(29)
|
(30)
|
(30)
|
(18)
|
(15)
|
(15)
|
(19)
|
(19)
|
(20)
|
(22)
|
(23)
|
(20)
|
(16)
|
|
Other Operating Expenses |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
11
|
20
|
20
|
16
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
132
|
1
|
1
|
1
|
|
Operating Income |
34
N/A
|
34
+0%
|
30
-11%
|
36
+21%
|
33
-8%
|
34
+2%
|
36
+7%
|
36
-1%
|
42
+19%
|
51
+21%
|
53
+3%
|
49
-8%
|
32
-35%
|
30
-7%
|
30
0%
|
31
+3%
|
30
-1%
|
29
-3%
|
33
+11%
|
34
+3%
|
17
-49%
|
(1)
N/A
|
133
N/A
|
(8)
N/A
|
(7)
+22%
|
11
N/A
|
|
Pre-Tax Income | |||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
6
|
(3)
|
(2)
|
(2)
|
4
|
5
|
3
|
2
|
(0)
|
(0)
|
(1)
|
(5)
|
(4)
|
11
|
18
|
23
|
23
|
7
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
0
|
0
|
6
|
6
|
6
|
6
|
0
|
0
|
(1)
|
0
|
131
|
0
|
(0)
|
0
|
8
|
|
Total Other Income |
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
33
N/A
|
32
-5%
|
28
-12%
|
33
+19%
|
30
-10%
|
31
+4%
|
33
+6%
|
33
+0%
|
45
+36%
|
45
-1%
|
47
+6%
|
47
-1%
|
35
-24%
|
41
+15%
|
39
-5%
|
38
-1%
|
36
-7%
|
29
-19%
|
31
+8%
|
27
-12%
|
13
-53%
|
141
+980%
|
151
+7%
|
14
-91%
|
16
+16%
|
26
+65%
|
|
Net Income | |||||||||||||||||||||||||||
Tax Provision |
(9)
|
(8)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(9)
|
(9)
|
(9)
|
(9)
|
(6)
|
(7)
|
(7)
|
(8)
|
(5)
|
(4)
|
(5)
|
(5)
|
(3)
|
(9)
|
(11)
|
(3)
|
(3)
|
(8)
|
|
Income from Continuing Operations |
25
|
23
|
21
|
25
|
23
|
24
|
26
|
27
|
36
|
36
|
38
|
38
|
29
|
33
|
32
|
31
|
31
|
25
|
27
|
22
|
10
|
132
|
140
|
11
|
13
|
18
|
|
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)
|
|
Net Income (Common) |
25
N/A
|
24
-5%
|
21
-12%
|
25
+21%
|
23
-9%
|
24
+5%
|
26
+7%
|
27
+5%
|
36
+33%
|
36
-1%
|
38
+6%
|
38
-1%
|
29
-22%
|
33
+15%
|
32
-4%
|
31
-4%
|
31
0%
|
25
-17%
|
27
+6%
|
22
-17%
|
10
-53%
|
132
+1 174%
|
140
+6%
|
11
-92%
|
13
+16%
|
18
+40%
|
|
EPS (Diluted) |
0.08
N/A
|
0.08
N/A
|
0.07
-13%
|
0.08
+14%
|
0.07
-13%
|
0.08
+14%
|
0.08
N/A
|
0.09
+13%
|
0.11
+22%
|
0.11
N/A
|
0.12
+9%
|
0.12
N/A
|
0.09
-25%
|
0.11
+22%
|
0.11
N/A
|
0.1
-9%
|
0.1
N/A
|
0.08
-20%
|
0.09
+13%
|
0.07
-22%
|
0.03
-57%
|
0.42
+1 300%
|
0.45
+7%
|
0.04
-91%
|
0.04
N/A
|
0.06
+50%
|