Bukit Sembawang Estates Ltd
SGX:B61
Income Statement
Earnings Waterfall
Bukit Sembawang Estates Ltd
Income Statement
Bukit Sembawang Estates Ltd
| Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | 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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
2
|
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
|
5
|
0
|
0
|
0
|
12
|
0
|
6
|
0
|
0
|
5
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
35
N/A
|
38
+10%
|
32
-15%
|
27
-17%
|
31
+16%
|
31
-1%
|
26
-17%
|
21
-18%
|
19
-11%
|
19
+5%
|
27
+39%
|
70
+161%
|
94
+34%
|
96
+2%
|
101
+6%
|
66
-35%
|
58
-12%
|
70
+20%
|
75
+8%
|
80
+6%
|
76
-5%
|
75
-1%
|
70
-7%
|
70
+0%
|
63
-10%
|
46
-27%
|
50
+9%
|
50
+0%
|
66
+32%
|
94
+42%
|
177
+89%
|
464
+162%
|
500
+8%
|
602
+20%
|
598
-1%
|
412
-31%
|
391
-5%
|
375
-4%
|
398
+6%
|
360
-10%
|
355
-1%
|
411
+16%
|
376
-9%
|
365
-3%
|
408
+12%
|
310
-24%
|
375
+21%
|
405
+8%
|
383
-5%
|
438
+14%
|
393
-10%
|
337
-14%
|
282
-16%
|
209
-26%
|
173
-17%
|
140
-19%
|
143
+2%
|
114
-20%
|
73
-36%
|
80
+10%
|
98
+22%
|
148
+50%
|
229
+55%
|
334
+46%
|
358
+7%
|
370
+3%
|
398
+7%
|
354
-11%
|
370
+5%
|
374
+1%
|
581
+55%
|
557
-4%
|
0
N/A
|
288
N/A
|
210
-27%
|
197
-6%
|
341
+73%
|
562
+65%
|
622
+11%
|
550
-12%
|
356
-35%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(10)
|
(11)
|
(9)
|
(6)
|
(10)
|
(8)
|
(6)
|
(4)
|
(5)
|
(7)
|
(11)
|
(32)
|
(41)
|
(44)
|
(47)
|
(30)
|
(23)
|
(28)
|
(31)
|
(35)
|
(38)
|
(38)
|
(36)
|
(34)
|
(29)
|
(21)
|
(24)
|
(27)
|
(42)
|
(56)
|
(100)
|
(271)
|
(305)
|
(363)
|
(374)
|
(263)
|
(229)
|
(228)
|
(239)
|
(219)
|
(207)
|
(242)
|
(221)
|
(213)
|
(249)
|
(192)
|
(240)
|
(266)
|
(254)
|
(291)
|
(262)
|
(205)
|
(170)
|
(109)
|
(60)
|
(52)
|
(54)
|
(47)
|
(34)
|
(34)
|
(34)
|
(55)
|
(99)
|
(161)
|
(189)
|
(200)
|
(216)
|
(196)
|
(190)
|
(197)
|
(338)
|
(341)
|
0
|
(188)
|
(160)
|
(163)
|
(295)
|
(485)
|
(504)
|
(418)
|
(235)
|
|
| Gross Profit |
25
N/A
|
27
+9%
|
23
-12%
|
20
-13%
|
21
+5%
|
23
+6%
|
19
-14%
|
17
-13%
|
14
-18%
|
13
-9%
|
16
+26%
|
39
+143%
|
53
+37%
|
52
-3%
|
55
+6%
|
36
-35%
|
36
0%
|
42
+19%
|
44
+5%
|
44
+0%
|
38
-15%
|
36
-4%
|
33
-8%
|
36
+8%
|
33
-7%
|
25
-25%
|
26
+3%
|
23
-12%
|
24
+5%
|
37
+57%
|
77
+107%
|
193
+150%
|
195
+1%
|
239
+23%
|
225
-6%
|
150
-33%
|
162
+8%
|
147
-9%
|
159
+8%
|
141
-12%
|
147
+5%
|
170
+15%
|
155
-9%
|
152
-2%
|
160
+5%
|
118
-26%
|
135
+14%
|
139
+3%
|
129
-7%
|
146
+14%
|
131
-10%
|
133
+1%
|
112
-15%
|
100
-11%
|
113
+13%
|
89
-21%
|
90
+1%
|
68
-24%
|
39
-42%
|
46
+18%
|
64
+37%
|
93
+45%
|
130
+40%
|
174
+33%
|
168
-3%
|
170
+1%
|
181
+7%
|
158
-13%
|
179
+14%
|
177
-1%
|
243
+38%
|
215
-12%
|
0
N/A
|
100
N/A
|
50
-50%
|
34
-32%
|
46
+34%
|
77
+68%
|
118
+53%
|
132
+12%
|
121
-8%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
(1)
|
3
|
3
|
2
|
(4)
|
1
|
1
|
47
|
45
|
44
|
44
|
(5)
|
(68)
|
(68)
|
(68)
|
(66)
|
35
|
34
|
34
|
32
|
8
|
8
|
24
|
60
|
48
|
48
|
30
|
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(27)
|
(27)
|
(27)
|
(27)
|
(21)
|
(21)
|
(21)
|
(21)
|
(9)
|
(9)
|
(10)
|
(11)
|
(15)
|
(15)
|
(15)
|
(12)
|
(7)
|
(8)
|
(9)
|
(14)
|
(35)
|
(38)
|
(40)
|
(40)
|
(67)
|
(63)
|
(12)
|
(10)
|
(386)
|
(2)
|
(37)
|
(2)
|
(2)
|
(5)
|
(6)
|
(9)
|
(9)
|
|
| Selling, General & Administrative |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(8)
|
0
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
|
| 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
|
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
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
2
|
2
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
1
|
5
|
5
|
5
|
(2)
|
3
|
3
|
49
|
48
|
48
|
47
|
(2)
|
(65)
|
(65)
|
(65)
|
(63)
|
38
|
37
|
37
|
35
|
11
|
11
|
28
|
63
|
52
|
51
|
33
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(23)
|
(23)
|
(23)
|
(23)
|
(18)
|
(17)
|
(17)
|
(18)
|
(5)
|
(6)
|
(6)
|
(7)
|
(11)
|
(11)
|
(11)
|
(8)
|
(2)
|
(3)
|
(4)
|
(8)
|
(29)
|
(31)
|
(32)
|
(32)
|
(58)
|
(54)
|
(3)
|
(1)
|
(386)
|
7
|
(27)
|
8
|
9
|
6
|
6
|
3
|
3
|
|
| Operating Income |
25
N/A
|
27
+8%
|
24
-10%
|
21
-12%
|
20
-5%
|
22
+7%
|
18
-15%
|
16
-14%
|
13
-20%
|
13
N/A
|
16
+30%
|
40
+148%
|
52
+29%
|
55
+6%
|
58
+4%
|
38
-34%
|
31
-17%
|
43
+36%
|
45
+6%
|
91
+103%
|
83
-9%
|
81
-3%
|
77
-4%
|
31
-60%
|
(35)
N/A
|
(43)
-24%
|
(42)
+2%
|
(43)
-3%
|
58
N/A
|
71
+21%
|
111
+56%
|
225
+103%
|
203
-10%
|
247
+22%
|
249
+1%
|
209
-16%
|
210
+0%
|
194
-7%
|
189
-3%
|
135
-29%
|
141
+4%
|
163
+16%
|
149
-9%
|
145
-2%
|
133
-8%
|
91
-31%
|
108
+18%
|
113
+4%
|
107
-5%
|
126
+17%
|
110
-12%
|
111
+1%
|
103
-7%
|
90
-12%
|
103
+14%
|
78
-25%
|
75
-4%
|
53
-29%
|
25
-54%
|
35
+43%
|
57
+63%
|
85
+49%
|
121
+43%
|
160
+32%
|
133
-17%
|
132
-1%
|
142
+7%
|
118
-17%
|
112
-4%
|
114
+1%
|
232
+104%
|
205
-11%
|
216
+5%
|
99
-54%
|
58
-41%
|
32
-46%
|
44
+39%
|
71
+63%
|
112
+57%
|
123
+10%
|
112
-9%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
3
|
(2)
|
(2)
|
(1)
|
(3)
|
(2)
|
(2)
|
(10)
|
(12)
|
(13)
|
(13)
|
(7)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(7)
|
(4)
|
(3)
|
(1)
|
4
|
3
|
2
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
3
|
3
|
4
|
5
|
5
|
5
|
5
|
5
|
4
|
4
|
3
|
2
|
1
|
1
|
(4)
|
(7)
|
(11)
|
(13)
|
(9)
|
(6)
|
(4)
|
(4)
|
0
|
(3)
|
0
|
6
|
9
|
11
|
15
|
15
|
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
|
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
|
0
|
0
|
0
|
|
| Total Other Income |
(2)
|
(2)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
2
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
2
|
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
|
(1)
|
0
|
0
|
0
|
(7)
|
0
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
25
N/A
|
27
+8%
|
24
-10%
|
21
-12%
|
20
-5%
|
22
+7%
|
18
-15%
|
16
-14%
|
13
-20%
|
13
N/A
|
16
+30%
|
40
+148%
|
52
+29%
|
55
+6%
|
57
+3%
|
37
-35%
|
35
-7%
|
41
+17%
|
43
+7%
|
90
+107%
|
81
-10%
|
79
-3%
|
76
-4%
|
21
-72%
|
(47)
N/A
|
(56)
-19%
|
(55)
+1%
|
(50)
+9%
|
55
N/A
|
68
+23%
|
107
+58%
|
222
+108%
|
199
-10%
|
243
+22%
|
242
0%
|
205
-15%
|
207
+1%
|
193
-7%
|
193
0%
|
138
-29%
|
143
+4%
|
164
+15%
|
149
-9%
|
146
-2%
|
133
-8%
|
92
-31%
|
109
+18%
|
114
+5%
|
109
-4%
|
128
+17%
|
113
-12%
|
115
+1%
|
107
-7%
|
95
-11%
|
108
+14%
|
83
-23%
|
80
-4%
|
58
-28%
|
29
-50%
|
39
+34%
|
60
+55%
|
87
+45%
|
122
+41%
|
160
+31%
|
128
-20%
|
125
-3%
|
130
+4%
|
104
-20%
|
102
-2%
|
108
+5%
|
227
+111%
|
201
-12%
|
0
N/A
|
95
N/A
|
48
-49%
|
37
-22%
|
53
+41%
|
83
+56%
|
127
+53%
|
137
+9%
|
120
-13%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(8)
|
(10)
|
(11)
|
(12)
|
(8)
|
(1)
|
(2)
|
(3)
|
(3)
|
(6)
|
(5)
|
(5)
|
(4)
|
(2)
|
(0)
|
0
|
(0)
|
(2)
|
(4)
|
(12)
|
(30)
|
(28)
|
(35)
|
(29)
|
(17)
|
(24)
|
(27)
|
(30)
|
(27)
|
(28)
|
(28)
|
(25)
|
(27)
|
(22)
|
(16)
|
(18)
|
(10)
|
(16)
|
(19)
|
(13)
|
(23)
|
(15)
|
(6)
|
(12)
|
(6)
|
(7)
|
(12)
|
(5)
|
(8)
|
(9)
|
(14)
|
(20)
|
(26)
|
(27)
|
(25)
|
(31)
|
(26)
|
(26)
|
(25)
|
(38)
|
(32)
|
0
|
(12)
|
(6)
|
(3)
|
(6)
|
(12)
|
(18)
|
(23)
|
(22)
|
|
| Income from Continuing Operations |
20
|
22
|
19
|
17
|
16
|
18
|
15
|
13
|
10
|
10
|
13
|
32
|
42
|
44
|
45
|
30
|
33
|
39
|
41
|
87
|
75
|
73
|
70
|
17
|
(48)
|
(56)
|
(55)
|
(50)
|
53
|
64
|
94
|
192
|
171
|
208
|
212
|
188
|
183
|
166
|
163
|
110
|
115
|
136
|
124
|
119
|
111
|
76
|
90
|
104
|
93
|
109
|
100
|
92
|
92
|
89
|
96
|
77
|
72
|
46
|
24
|
31
|
51
|
73
|
102
|
135
|
101
|
100
|
100
|
79
|
76
|
83
|
189
|
169
|
0
|
83
|
42
|
34
|
47
|
71
|
109
|
114
|
99
|
|
| Net Income (Common) |
20
N/A
|
22
+8%
|
19
-11%
|
17
-13%
|
16
-2%
|
18
+7%
|
15
-14%
|
13
-13%
|
10
-23%
|
10
-2%
|
13
+32%
|
32
+149%
|
42
+30%
|
44
+6%
|
45
+3%
|
30
-34%
|
33
+12%
|
39
+15%
|
41
+6%
|
87
+112%
|
75
-14%
|
73
-2%
|
70
-4%
|
17
-77%
|
(48)
N/A
|
(56)
-15%
|
(55)
+2%
|
(50)
+8%
|
53
N/A
|
64
+21%
|
94
+47%
|
192
+103%
|
171
-11%
|
208
+22%
|
212
+2%
|
188
-12%
|
183
-3%
|
166
-9%
|
163
-2%
|
110
-32%
|
115
+4%
|
136
+19%
|
124
-9%
|
119
-4%
|
111
-6%
|
76
-31%
|
90
+18%
|
104
+15%
|
93
-11%
|
109
+18%
|
100
-8%
|
92
-8%
|
92
0%
|
89
-3%
|
96
+8%
|
77
-20%
|
72
-6%
|
46
-36%
|
24
-47%
|
31
+27%
|
51
+64%
|
73
+43%
|
102
+41%
|
135
+32%
|
101
-25%
|
100
-1%
|
100
0%
|
79
-21%
|
76
-3%
|
83
+9%
|
189
+128%
|
169
-11%
|
0
N/A
|
83
N/A
|
42
-49%
|
34
-18%
|
47
+37%
|
71
+51%
|
109
+53%
|
114
+5%
|
99
-14%
|
|
| EPS (Diluted) |
0.27
N/A
|
0.28
+4%
|
0.25
-11%
|
0.22
-12%
|
0.22
N/A
|
0.24
+9%
|
0.2
-17%
|
0.18
-10%
|
0.13
-28%
|
0.14
+8%
|
0.19
+36%
|
0.44
+132%
|
0.61
+39%
|
0.45
-26%
|
0.48
+7%
|
0.31
-35%
|
0.36
+16%
|
0.41
+14%
|
0.39
-5%
|
0.39
N/A
|
0.53
+36%
|
0.52
-2%
|
0.54
+4%
|
0.17
-69%
|
-0.39
N/A
|
-0.23
+41%
|
-0.22
+4%
|
-0.2
+9%
|
0.22
N/A
|
0.26
+18%
|
0.38
+46%
|
0.77
+103%
|
0.68
-12%
|
0.82
+21%
|
0.83
+1%
|
0.72
-13%
|
0.71
-1%
|
0.64
-10%
|
0.63
-2%
|
0.43
-32%
|
0.44
+2%
|
0.53
+20%
|
0.48
-9%
|
0.46
-4%
|
0.43
-7%
|
0.29
-33%
|
0.34
+17%
|
0.4
+18%
|
0.36
-10%
|
0.43
+19%
|
0.4
-7%
|
0.36
-10%
|
0.36
N/A
|
0.35
-3%
|
0.37
+6%
|
0.3
-19%
|
0.28
-7%
|
0.17
-39%
|
0.09
-47%
|
0.12
+33%
|
0.2
+67%
|
0.28
+40%
|
0.39
+39%
|
0.52
+33%
|
0.39
-25%
|
0.39
N/A
|
0.39
N/A
|
0.3
-23%
|
0.29
-3%
|
0.32
+10%
|
0.73
+128%
|
0.65
-11%
|
0
N/A
|
0.32
N/A
|
0.16
-50%
|
0.13
-19%
|
0.18
+38%
|
0.27
+50%
|
0.42
+56%
|
0.44
+5%
|
0.38
-14%
|
|