Hor Kew Corporation Ltd
SGX:BBP
Income Statement
Earnings Waterfall
Hor Kew Corporation Ltd
Income Statement
Hor Kew Corporation Ltd
| 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 | Jun-2020 | Sep-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
1
|
0
|
2
|
0
|
3
|
0
|
2
|
0
|
|
| Revenue |
93
N/A
|
93
-1%
|
84
-9%
|
74
-12%
|
74
-1%
|
73
-1%
|
74
+1%
|
74
+0%
|
71
-5%
|
69
-2%
|
71
+2%
|
71
0%
|
71
+0%
|
67
-5%
|
66
-1%
|
73
+11%
|
88
+21%
|
108
+22%
|
137
+27%
|
147
+7%
|
146
-1%
|
137
-7%
|
111
-19%
|
95
-15%
|
72
-24%
|
69
-4%
|
68
-2%
|
69
+2%
|
80
+15%
|
73
-9%
|
69
-6%
|
67
-3%
|
68
+2%
|
70
+3%
|
71
+2%
|
66
-7%
|
59
-11%
|
53
-10%
|
49
-9%
|
48
-1%
|
50
+4%
|
55
+10%
|
57
+3%
|
62
+9%
|
64
+4%
|
64
-1%
|
52
-18%
|
47
-10%
|
50
+6%
|
63
+26%
|
57
-10%
|
59
+4%
|
76
+30%
|
96
+25%
|
105
+9%
|
89
-15%
|
83
-7%
|
81
-2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(75)
|
(73)
|
(66)
|
(57)
|
(55)
|
(55)
|
(56)
|
(59)
|
(58)
|
(58)
|
(64)
|
(65)
|
(66)
|
(62)
|
(59)
|
(64)
|
(73)
|
(90)
|
(117)
|
(126)
|
(125)
|
(118)
|
(96)
|
(86)
|
(81)
|
(77)
|
(75)
|
(70)
|
(70)
|
(64)
|
(59)
|
(58)
|
(55)
|
(57)
|
(59)
|
(57)
|
(53)
|
(51)
|
(49)
|
(54)
|
(65)
|
(69)
|
(71)
|
(69)
|
(58)
|
(56)
|
(45)
|
(40)
|
(40)
|
(47)
|
(44)
|
(42)
|
(61)
|
(80)
|
(82)
|
(67)
|
(50)
|
(42)
|
|
| Gross Profit |
19
N/A
|
19
+3%
|
17
-9%
|
17
0%
|
18
+4%
|
18
-2%
|
18
+2%
|
15
-14%
|
13
-16%
|
12
-11%
|
7
-38%
|
6
-23%
|
5
-8%
|
5
+1%
|
7
+41%
|
9
+28%
|
16
+70%
|
18
+14%
|
20
+13%
|
21
+5%
|
22
+1%
|
19
-12%
|
15
-19%
|
9
-42%
|
(9)
N/A
|
(9)
+5%
|
(7)
+17%
|
(1)
+90%
|
9
N/A
|
9
-1%
|
9
+3%
|
9
-3%
|
13
+39%
|
13
+0%
|
12
-5%
|
10
-18%
|
6
-40%
|
3
-54%
|
(0)
N/A
|
(6)
-2 784%
|
(15)
-166%
|
(14)
+6%
|
(14)
+1%
|
(7)
+51%
|
7
N/A
|
8
+24%
|
7
-11%
|
7
+2%
|
10
+35%
|
16
+57%
|
13
-15%
|
17
+30%
|
16
-8%
|
16
-2%
|
23
+46%
|
23
+1%
|
33
+45%
|
39
+18%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(8)
|
(8)
|
(10)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(13)
|
1
|
1
|
1
|
(13)
|
(13)
|
(15)
|
(15)
|
(17)
|
(16)
|
(14)
|
(16)
|
(11)
|
(13)
|
(14)
|
(13)
|
(11)
|
(9)
|
(9)
|
(6)
|
(10)
|
(10)
|
(9)
|
(10)
|
(8)
|
(9)
|
(9)
|
(11)
|
(11)
|
(10)
|
(9)
|
(8)
|
(7)
|
(5)
|
(3)
|
(1)
|
(4)
|
(2)
|
(7)
|
(7)
|
(9)
|
(9)
|
(9)
|
(7)
|
(8)
|
(11)
|
|
| Selling, General & Administrative |
(10)
|
(10)
|
(11)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(16)
|
(17)
|
(18)
|
(18)
|
(16)
|
(18)
|
(15)
|
(16)
|
(18)
|
(17)
|
(14)
|
(13)
|
(13)
|
(11)
|
(12)
|
(13)
|
(13)
|
(12)
|
(10)
|
(10)
|
(11)
|
(13)
|
(13)
|
(12)
|
(11)
|
(9)
|
(9)
|
(11)
|
(9)
|
(8)
|
(8)
|
(8)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(15)
|
|
| Other Operating Expenses |
1
|
1
|
2
|
1
|
2
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
15
|
15
|
15
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
5
|
3
|
4
|
4
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
4
|
5
|
6
|
4
|
6
|
2
|
4
|
3
|
3
|
3
|
4
|
3
|
4
|
|
| Operating Income |
10
N/A
|
11
+6%
|
8
-27%
|
9
+17%
|
10
+6%
|
10
-2%
|
11
+10%
|
8
-21%
|
5
-39%
|
4
-29%
|
(1)
N/A
|
(3)
-249%
|
(8)
-128%
|
6
N/A
|
8
+38%
|
10
+27%
|
3
-69%
|
5
+53%
|
6
+19%
|
6
+5%
|
5
-15%
|
3
-37%
|
1
-56%
|
(7)
N/A
|
(20)
-200%
|
(21)
-7%
|
(21)
+2%
|
(14)
+33%
|
(2)
+89%
|
(0)
+99%
|
0
N/A
|
3
+654%
|
3
+7%
|
3
-3%
|
3
+3%
|
0
-97%
|
(2)
N/A
|
(7)
-311%
|
(9)
-40%
|
(17)
-82%
|
(26)
-54%
|
(24)
+7%
|
(24)
+3%
|
(15)
+38%
|
(1)
+95%
|
3
N/A
|
5
+64%
|
6
+26%
|
6
-3%
|
13
+137%
|
6
-54%
|
10
+65%
|
7
-36%
|
7
+4%
|
14
+98%
|
16
+19%
|
25
+55%
|
28
+13%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
14
|
0
|
1
|
1
|
3
|
2
|
2
|
2
|
0
|
1
|
2
|
1
|
4
|
5
|
3
|
3
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
|
| 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
|
(1)
|
(1)
|
0
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
1
|
2
|
0
|
1
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
|
| Total Other Income |
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
0
|
0
|
(3)
|
0
|
0
|
0
|
1
|
0
|
0
|
(5)
|
(6)
|
(6)
|
(3)
|
(5)
|
(4)
|
(3)
|
(4)
|
(5)
|
(8)
|
(9)
|
|
| Pre-Tax Income |
9
N/A
|
10
+3%
|
7
-30%
|
8
+24%
|
9
+4%
|
9
+1%
|
10
+12%
|
8
-20%
|
5
-36%
|
3
-30%
|
(1)
N/A
|
(4)
-307%
|
6
N/A
|
6
+1%
|
9
+41%
|
11
+28%
|
6
-48%
|
7
+22%
|
8
+8%
|
8
+8%
|
6
-34%
|
4
-29%
|
3
-24%
|
(5)
N/A
|
(16)
-198%
|
(17)
-5%
|
(17)
-5%
|
(11)
+36%
|
(3)
+77%
|
(1)
+42%
|
(1)
+32%
|
1
N/A
|
2
+15%
|
2
-1%
|
2
+4%
|
(1)
N/A
|
(3)
-204%
|
(7)
-115%
|
(11)
-51%
|
(19)
-69%
|
(31)
-62%
|
(29)
+4%
|
(29)
+2%
|
(20)
+31%
|
1
N/A
|
1
+107%
|
3
+167%
|
1
-62%
|
0
-66%
|
6
+1 442%
|
4
-31%
|
5
+24%
|
3
-43%
|
1
-53%
|
8
+471%
|
10
+26%
|
16
+68%
|
19
+17%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
(3)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
3
|
3
|
3
|
2
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(4)
|
|
| Income from Continuing Operations |
7
|
6
|
3
|
6
|
7
|
7
|
8
|
6
|
5
|
3
|
(0)
|
(3)
|
4
|
4
|
6
|
9
|
5
|
6
|
6
|
6
|
3
|
2
|
1
|
(6)
|
(13)
|
(13)
|
(14)
|
(9)
|
(2)
|
(1)
|
(0)
|
2
|
2
|
1
|
2
|
(1)
|
(3)
|
(7)
|
(11)
|
(19)
|
(31)
|
(30)
|
(29)
|
(20)
|
1
|
2
|
3
|
2
|
0
|
6
|
4
|
4
|
2
|
1
|
7
|
9
|
14
|
15
|
|
| 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
|
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) |
7
N/A
|
6
-6%
|
3
-45%
|
6
+72%
|
7
+21%
|
7
+3%
|
8
+12%
|
6
-23%
|
5
-29%
|
3
-27%
|
(0)
N/A
|
(3)
-1 345%
|
4
N/A
|
4
+2%
|
6
+61%
|
9
+42%
|
5
-43%
|
6
+19%
|
6
-2%
|
6
+11%
|
3
-57%
|
2
-43%
|
1
-24%
|
(6)
N/A
|
(13)
-96%
|
(13)
-7%
|
(14)
-6%
|
(9)
+39%
|
(2)
+76%
|
(1)
+54%
|
(0)
+53%
|
2
N/A
|
2
-25%
|
1
-1%
|
2
+1%
|
(1)
N/A
|
(3)
-165%
|
(7)
-120%
|
(11)
-52%
|
(19)
-70%
|
(31)
-65%
|
(30)
+4%
|
(29)
+2%
|
(20)
+31%
|
1
N/A
|
2
+67%
|
3
+119%
|
2
-54%
|
0
-78%
|
6
+1 618%
|
4
-29%
|
4
+7%
|
2
-60%
|
1
-70%
|
7
+1 317%
|
9
+20%
|
14
+55%
|
15
+9%
|
|
| EPS (Diluted) |
0.14
N/A
|
0.14
N/A
|
0.09
-36%
|
0.13
+44%
|
0.15
+15%
|
0.15
N/A
|
0.16
+7%
|
0.13
-19%
|
0.09
-31%
|
0.07
-22%
|
0
N/A
|
-0.06
N/A
|
0.07
N/A
|
0.07
N/A
|
0.12
+71%
|
0.17
+42%
|
0.09
-47%
|
0.11
+22%
|
0.11
N/A
|
0.12
+9%
|
0.05
-58%
|
0.03
-40%
|
0.02
-33%
|
-0.12
N/A
|
-0.24
-100%
|
-0.25
-4%
|
-0.27
-8%
|
-0.17
+37%
|
-0.04
+76%
|
-0.03
+25%
|
-0.02
+33%
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.02
N/A
|
-0.03
N/A
|
-0.06
-100%
|
-0.14
-133%
|
-0.21
-50%
|
-0.36
-71%
|
-0.59
-64%
|
-0.57
+3%
|
-0.56
+2%
|
-0.39
+30%
|
0.02
N/A
|
0.03
+50%
|
0.06
+100%
|
0.03
-50%
|
0.01
-67%
|
0.11
+1 000%
|
0.08
-27%
|
0.08
N/A
|
0.03
-63%
|
0.01
-67%
|
0.14
+1 300%
|
0.17
+21%
|
0.26
+53%
|
0.29
+12%
|
|