Federal International (2000) Ltd
SGX:BDU
Income Statement
Earnings Waterfall
Federal International (2000) Ltd
Income Statement
Federal International (2000) Ltd
| 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 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
|
| Revenue |
155
N/A
|
149
-4%
|
155
+4%
|
172
+11%
|
201
+17%
|
215
+7%
|
226
+5%
|
211
-7%
|
207
-2%
|
236
+14%
|
207
-12%
|
208
+0%
|
180
-13%
|
114
-37%
|
120
+5%
|
120
+0%
|
130
+8%
|
150
+15%
|
145
-3%
|
148
+2%
|
124
-16%
|
99
-20%
|
92
-7%
|
99
+8%
|
128
+30%
|
130
+1%
|
149
+14%
|
140
-6%
|
132
-6%
|
167
+27%
|
163
-3%
|
149
-9%
|
129
-13%
|
94
-27%
|
74
-21%
|
86
+16%
|
89
+4%
|
88
-2%
|
113
+29%
|
129
+14%
|
130
+1%
|
122
-6%
|
86
-30%
|
53
-38%
|
43
-19%
|
40
-8%
|
44
+11%
|
50
+13%
|
63
+25%
|
70
+13%
|
68
-3%
|
67
-2%
|
60
-11%
|
122
+104%
|
135
+11%
|
73
-46%
|
50
-31%
|
46
-9%
|
44
-4%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(113)
|
(106)
|
(109)
|
(122)
|
(143)
|
(155)
|
(168)
|
(157)
|
(163)
|
(195)
|
(176)
|
(182)
|
(155)
|
(99)
|
(102)
|
(100)
|
(105)
|
(118)
|
(116)
|
(121)
|
(97)
|
(77)
|
(67)
|
(67)
|
(96)
|
(101)
|
(119)
|
(115)
|
(106)
|
(123)
|
(117)
|
(104)
|
(87)
|
(70)
|
(55)
|
(68)
|
(72)
|
(71)
|
(94)
|
(109)
|
(108)
|
(102)
|
(70)
|
(40)
|
(33)
|
(30)
|
(33)
|
(39)
|
(49)
|
(57)
|
(56)
|
(54)
|
(48)
|
(105)
|
(114)
|
(56)
|
(37)
|
(34)
|
(33)
|
|
| Gross Profit |
42
N/A
|
43
+2%
|
47
+9%
|
50
+7%
|
58
+16%
|
60
+3%
|
58
-3%
|
54
-7%
|
44
-18%
|
41
-7%
|
31
-24%
|
25
-19%
|
25
-2%
|
15
-40%
|
18
+22%
|
20
+11%
|
25
+23%
|
31
+26%
|
30
-5%
|
27
-8%
|
27
-2%
|
22
-18%
|
25
+12%
|
31
+28%
|
32
+2%
|
29
-8%
|
30
+1%
|
26
-13%
|
26
0%
|
44
+70%
|
46
+4%
|
45
-1%
|
41
-8%
|
24
-41%
|
19
-21%
|
18
-5%
|
18
-3%
|
16
-7%
|
19
+13%
|
20
+9%
|
22
+9%
|
20
-8%
|
16
-21%
|
13
-20%
|
10
-21%
|
10
-5%
|
11
+12%
|
11
+6%
|
14
+23%
|
14
-4%
|
12
-11%
|
13
+10%
|
12
-10%
|
18
+49%
|
21
+17%
|
17
-18%
|
13
-22%
|
12
-12%
|
12
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(8)
|
(9)
|
(13)
|
(16)
|
(50)
|
(48)
|
(48)
|
(46)
|
(67)
|
(54)
|
(53)
|
(54)
|
(81)
|
(81)
|
(78)
|
(74)
|
(35)
|
(29)
|
(28)
|
(44)
|
(41)
|
(41)
|
(41)
|
(24)
|
(18)
|
(17)
|
(16)
|
(36)
|
(14)
|
(44)
|
(47)
|
(26)
|
(20)
|
(19)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(14)
|
(20)
|
(19)
|
(18)
|
(18)
|
(16)
|
(15)
|
(17)
|
(12)
|
(10)
|
(10)
|
(13)
|
(13)
|
(13)
|
(12)
|
(17)
|
(12)
|
(12)
|
(12)
|
(12)
|
|
| Selling, General & Administrative |
(30)
|
(32)
|
(37)
|
(39)
|
(52)
|
(52)
|
(52)
|
(53)
|
(68)
|
(67)
|
(64)
|
(58)
|
(73)
|
(25)
|
(24)
|
(25)
|
(22)
|
(32)
|
(30)
|
(29)
|
(37)
|
(26)
|
(27)
|
(27)
|
(17)
|
(20)
|
(19)
|
(15)
|
(12)
|
(16)
|
(19)
|
(22)
|
(18)
|
(20)
|
(19)
|
(20)
|
(19)
|
(20)
|
(20)
|
(19)
|
(17)
|
(19)
|
(18)
|
(18)
|
(15)
|
(16)
|
(16)
|
(16)
|
(14)
|
(16)
|
(12)
|
(14)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(12)
|
(11)
|
|
| Research & Development |
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
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
0
|
(4)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
(0)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
| Other Operating Expenses |
22
|
23
|
23
|
23
|
2
|
5
|
5
|
7
|
2
|
13
|
11
|
4
|
(9)
|
(56)
|
(54)
|
(49)
|
(12)
|
4
|
3
|
(14)
|
(1)
|
(14)
|
(14)
|
3
|
1
|
4
|
4
|
(21)
|
0
|
(28)
|
(27)
|
(2)
|
1
|
2
|
4
|
6
|
8
|
8
|
7
|
5
|
(1)
|
(0)
|
1
|
(0)
|
1
|
1
|
(0)
|
4
|
5
|
6
|
2
|
1
|
1
|
2
|
(2)
|
2
|
1
|
1
|
1
|
|
| Operating Income |
34
N/A
|
34
-1%
|
33
-2%
|
34
+2%
|
8
-76%
|
12
+48%
|
10
-15%
|
8
-26%
|
(23)
N/A
|
(13)
+42%
|
(22)
-65%
|
(29)
-32%
|
(57)
-98%
|
(66)
-16%
|
(60)
+9%
|
(54)
+10%
|
(11)
+80%
|
3
N/A
|
2
-27%
|
(17)
N/A
|
(15)
+12%
|
(19)
-31%
|
(17)
+13%
|
8
N/A
|
14
+83%
|
13
-6%
|
14
+10%
|
(10)
N/A
|
12
N/A
|
(0)
N/A
|
(1)
-227%
|
19
N/A
|
22
+15%
|
6
-73%
|
4
-23%
|
5
+4%
|
5
+1%
|
5
-4%
|
6
+27%
|
6
+8%
|
2
-64%
|
1
-42%
|
(1)
N/A
|
(5)
-259%
|
(6)
-17%
|
(5)
+9%
|
(6)
-12%
|
(1)
+83%
|
4
N/A
|
3
-17%
|
(1)
N/A
|
0
N/A
|
(1)
N/A
|
5
N/A
|
4
-29%
|
5
+33%
|
1
-83%
|
(0)
N/A
|
(0)
-25%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(3)
|
(2)
|
(2)
|
(3)
|
(1)
|
(3)
|
(5)
|
(6)
|
(7)
|
(4)
|
(10)
|
(4)
|
(6)
|
(12)
|
(2)
|
(2)
|
(5)
|
(1)
|
(11)
|
(14)
|
(10)
|
(10)
|
(5)
|
(2)
|
(2)
|
(3)
|
0
|
(11)
|
(10)
|
(10)
|
(9)
|
(1)
|
0
|
1
|
1
|
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
2
|
0
|
2
|
(1)
|
(1)
|
(2)
|
2
|
|
| Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
0
|
14
|
14
|
14
|
6
|
(7)
|
(7)
|
(16)
|
(8)
|
(8)
|
(8)
|
0
|
(6)
|
(3)
|
(4)
|
(4)
|
(25)
|
0
|
0
|
0
|
2
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
(1)
|
4
|
3
|
3
|
3
|
(0)
|
(0)
|
(0)
|
(0)
|
(5)
|
(5)
|
(6)
|
(5)
|
(0)
|
(1)
|
(6)
|
(5)
|
(0)
|
4
|
4
|
|
| Total Other Income |
0
|
0
|
(0)
|
0
|
(2)
|
(5)
|
(3)
|
(2)
|
(2)
|
0
|
0
|
0
|
(1)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
3
|
4
|
(0)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
33
N/A
|
31
-7%
|
31
+1%
|
32
+1%
|
7
-77%
|
8
+11%
|
5
-40%
|
0
-94%
|
(18)
N/A
|
(20)
-13%
|
(26)
-26%
|
(39)
-50%
|
(60)
-56%
|
(58)
+3%
|
(58)
+1%
|
(42)
+28%
|
(7)
+84%
|
(10)
-42%
|
(6)
+33%
|
(43)
-579%
|
(37)
+14%
|
(37)
-1%
|
(35)
+7%
|
2
N/A
|
5
+118%
|
8
+60%
|
8
+0%
|
(14)
N/A
|
(24)
-75%
|
(10)
+58%
|
(11)
-6%
|
10
N/A
|
23
+131%
|
7
-71%
|
6
-11%
|
7
+12%
|
7
+5%
|
6
-22%
|
6
+9%
|
6
-1%
|
5
-10%
|
4
-29%
|
2
-56%
|
(2)
N/A
|
(7)
-256%
|
(6)
+6%
|
(6)
-2%
|
(1)
+80%
|
(1)
+6%
|
(2)
-40%
|
(6)
-269%
|
(5)
+17%
|
1
N/A
|
4
+409%
|
3
-26%
|
2
-23%
|
(1)
N/A
|
1
N/A
|
6
+425%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(4)
|
(4)
|
(5)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
1
|
(1)
|
0
|
(3)
|
(4)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(5)
|
(4)
|
(5)
|
(2)
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
4
|
4
|
4
|
(0)
|
1
|
1
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
|
| Income from Continuing Operations |
29
|
27
|
27
|
26
|
4
|
5
|
2
|
(1)
|
(21)
|
(23)
|
(27)
|
(39)
|
(60)
|
(58)
|
(59)
|
(42)
|
(10)
|
(13)
|
(8)
|
(47)
|
(40)
|
(40)
|
(38)
|
(0)
|
3
|
7
|
6
|
(16)
|
(26)
|
(15)
|
(15)
|
5
|
21
|
7
|
6
|
7
|
7
|
6
|
6
|
6
|
4
|
3
|
1
|
(2)
|
(7)
|
(6)
|
(3)
|
2
|
2
|
(2)
|
(5)
|
(4)
|
1
|
4
|
2
|
2
|
(1)
|
0
|
4
|
|
| Income to Minority Interest |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(0)
|
8
|
9
|
10
|
12
|
6
|
1
|
1
|
(1)
|
8
|
6
|
6
|
6
|
9
|
8
|
8
|
8
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(5)
|
(17)
|
(11)
|
(0)
|
|
| Net Income (Common) |
27
N/A
|
25
-8%
|
25
+0%
|
24
-2%
|
1
-95%
|
3
+100%
|
1
-80%
|
(1)
N/A
|
(13)
-808%
|
(13)
-2%
|
(17)
-31%
|
(27)
-59%
|
(55)
-99%
|
(56)
-3%
|
(57)
-2%
|
(43)
+25%
|
(2)
+96%
|
(7)
-321%
|
(2)
+66%
|
(41)
-1 597%
|
(31)
+24%
|
(32)
-3%
|
(30)
+7%
|
8
N/A
|
5
-38%
|
6
+38%
|
6
-14%
|
(16)
N/A
|
(27)
-69%
|
(14)
+48%
|
(15)
-6%
|
5
N/A
|
21
+302%
|
6
-71%
|
6
-3%
|
6
+8%
|
7
+17%
|
6
-13%
|
6
+2%
|
7
+5%
|
4
-37%
|
3
-33%
|
1
-51%
|
(2)
N/A
|
(6)
-245%
|
(5)
+6%
|
(2)
+62%
|
3
N/A
|
2
-19%
|
(2)
N/A
|
(5)
-149%
|
(4)
+17%
|
0
N/A
|
4
+1 074%
|
3
-36%
|
(4)
N/A
|
(18)
-384%
|
(11)
+39%
|
4
N/A
|
|
| EPS (Diluted) |
0.47
N/A
|
0.42
-11%
|
0.42
N/A
|
0.41
-2%
|
0.02
-95%
|
0.04
+100%
|
0.01
-75%
|
-0.02
N/A
|
-0.21
-950%
|
-0.18
+14%
|
-0.2
-11%
|
-0.37
-85%
|
-0.78
-111%
|
-0.51
+35%
|
-0.51
N/A
|
-0.39
+24%
|
-0.02
+95%
|
-0.07
-250%
|
-0.02
+71%
|
-0.4
-1 900%
|
-0.29
+28%
|
-0.35
-21%
|
-0.22
+37%
|
0.06
N/A
|
0.04
-33%
|
0.05
+25%
|
0.04
-20%
|
-0.12
N/A
|
-0.19
-58%
|
-0.11
+42%
|
-0.11
N/A
|
0.03
N/A
|
0.15
+400%
|
0.04
-73%
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.03
-40%
|
0.02
-33%
|
0.01
-50%
|
-0.01
N/A
|
-0.04
-300%
|
-0.04
N/A
|
-0.01
+75%
|
0.02
N/A
|
0.02
N/A
|
-0.01
N/A
|
-0.04
-300%
|
-0.03
+25%
|
0
N/A
|
0.03
N/A
|
0.02
-33%
|
-0.03
N/A
|
-0.13
-333%
|
-0.08
+38%
|
0.03
N/A
|
|