Union Steel Holdings Ltd
SGX:BLA
Income Statement
Earnings Waterfall
Union Steel Holdings Ltd
Income Statement
Union Steel Holdings Ltd
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
75
N/A
|
80
+6%
|
85
+7%
|
89
+5%
|
92
+3%
|
90
-3%
|
91
+1%
|
96
+6%
|
113
+17%
|
127
+12%
|
146
+15%
|
165
+13%
|
157
-5%
|
150
-4%
|
134
-11%
|
114
-15%
|
105
-8%
|
93
-12%
|
86
-7%
|
86
0%
|
87
+1%
|
83
-4%
|
79
-6%
|
75
-4%
|
69
-9%
|
69
+0%
|
69
+1%
|
67
-3%
|
65
-3%
|
69
+6%
|
69
-1%
|
67
-2%
|
86
+28%
|
60
-31%
|
60
+1%
|
77
+29%
|
82
+7%
|
80
-3%
|
94
+18%
|
107
+14%
|
108
+0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(65)
|
(71)
|
(77)
|
(80)
|
(81)
|
(78)
|
(76)
|
(82)
|
(98)
|
(111)
|
(130)
|
(147)
|
(141)
|
(135)
|
(123)
|
(104)
|
(95)
|
(83)
|
(77)
|
(76)
|
(76)
|
(71)
|
(65)
|
(61)
|
(56)
|
(57)
|
(56)
|
(55)
|
(54)
|
(57)
|
(58)
|
(56)
|
(71)
|
(49)
|
(48)
|
(59)
|
(62)
|
(62)
|
(72)
|
(80)
|
(77)
|
|
| Gross Profit |
11
N/A
|
9
-16%
|
9
-3%
|
9
+4%
|
11
+24%
|
12
+10%
|
15
+24%
|
15
-1%
|
16
+6%
|
16
+1%
|
16
-1%
|
18
+11%
|
16
-9%
|
15
-8%
|
11
-27%
|
10
-9%
|
10
+1%
|
10
+1%
|
9
-6%
|
10
+6%
|
11
+8%
|
12
+16%
|
14
+13%
|
14
+1%
|
13
-6%
|
12
-11%
|
13
+11%
|
12
-7%
|
11
-7%
|
12
+3%
|
11
-8%
|
11
+6%
|
15
+32%
|
11
-27%
|
12
+11%
|
18
+50%
|
21
+13%
|
19
-10%
|
22
+20%
|
27
+23%
|
31
+13%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(5)
|
(3)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(10)
|
(9)
|
(8)
|
(9)
|
(17)
|
(19)
|
(20)
|
(26)
|
(24)
|
(26)
|
(26)
|
(20)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
(15)
|
(18)
|
(11)
|
(16)
|
(7)
|
(8)
|
(9)
|
(11)
|
(14)
|
(14)
|
|
| Selling, General & Administrative |
(9)
|
(9)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(17)
|
(12)
|
(12)
|
(12)
|
(15)
|
(12)
|
(12)
|
(13)
|
(14)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(10)
|
(9)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(13)
|
(9)
|
(9)
|
(10)
|
(11)
|
(10)
|
(13)
|
(14)
|
(18)
|
|
| Depreciation & Amortization |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
0
|
(3)
|
0
|
(4)
|
0
|
|
| Other Operating Expenses |
4
|
5
|
5
|
6
|
5
|
5
|
5
|
5
|
5
|
5
|
7
|
3
|
3
|
3
|
(1)
|
(7)
|
(7)
|
(13)
|
(10)
|
(14)
|
(13)
|
(8)
|
1
|
0
|
(1)
|
(2)
|
0
|
(0)
|
0
|
0
|
(1)
|
(5)
|
(5)
|
0
|
(7)
|
5
|
2
|
5
|
2
|
4
|
4
|
|
| Operating Income |
6
N/A
|
6
-7%
|
7
+18%
|
7
+6%
|
8
+16%
|
8
-2%
|
10
+32%
|
10
-4%
|
10
+3%
|
10
-8%
|
6
-41%
|
9
+59%
|
8
-15%
|
6
-20%
|
(7)
N/A
|
(9)
-37%
|
(10)
-7%
|
(16)
-60%
|
(15)
+7%
|
(16)
-7%
|
(15)
+4%
|
(8)
+48%
|
3
N/A
|
3
+1%
|
2
-25%
|
1
-71%
|
2
+309%
|
1
-43%
|
1
-10%
|
2
+23%
|
(0)
N/A
|
(4)
-21 806%
|
(3)
+26%
|
(0)
+90%
|
(4)
-1 140%
|
11
N/A
|
12
+12%
|
10
-19%
|
11
+12%
|
13
+18%
|
16
+24%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
2
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(1)
|
(2)
|
(5)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
|
| Total Other Income |
(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
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
5
N/A
|
5
-8%
|
6
+21%
|
6
+7%
|
7
+18%
|
7
-1%
|
10
+35%
|
9
-5%
|
9
+2%
|
9
-10%
|
6
-27%
|
8
+26%
|
7
-15%
|
5
-24%
|
(9)
N/A
|
(10)
-14%
|
(11)
-7%
|
(17)
-52%
|
(17)
-1%
|
(17)
+1%
|
(16)
+4%
|
(9)
+44%
|
1
N/A
|
2
+22%
|
1
-31%
|
(0)
N/A
|
1
N/A
|
0
-47%
|
0
-65%
|
0
+311%
|
(5)
N/A
|
(5)
+6%
|
(5)
+7%
|
(8)
-72%
|
(5)
+37%
|
9
N/A
|
12
+22%
|
9
-22%
|
10
+12%
|
13
+27%
|
15
+15%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Income from Continuing Operations |
4
|
3
|
4
|
4
|
5
|
5
|
8
|
7
|
7
|
7
|
5
|
6
|
6
|
4
|
(8)
|
(10)
|
(10)
|
(16)
|
(17)
|
(16)
|
(16)
|
(9)
|
2
|
2
|
2
|
0
|
1
|
1
|
0
|
1
|
(5)
|
(5)
|
(4)
|
(8)
|
(5)
|
8
|
9
|
7
|
8
|
11
|
13
|
|
| Income to Minority Interest |
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(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)
|
|
| Net Income (Common) |
4
N/A
|
3
-11%
|
4
+16%
|
4
+3%
|
4
+5%
|
3
-15%
|
6
+85%
|
6
-5%
|
7
+8%
|
6
-5%
|
5
-27%
|
6
+33%
|
5
-10%
|
4
-31%
|
(8)
N/A
|
(10)
-15%
|
(10)
-6%
|
(16)
-58%
|
(17)
-2%
|
(16)
+2%
|
(16)
+2%
|
(9)
+45%
|
1
N/A
|
2
+14%
|
1
-13%
|
0
-86%
|
1
+385%
|
1
-18%
|
1
-10%
|
1
+47%
|
(5)
N/A
|
(4)
+6%
|
(4)
+8%
|
(8)
-89%
|
(5)
+30%
|
8
N/A
|
9
+17%
|
7
-20%
|
8
+17%
|
11
+32%
|
13
+15%
|
|
| EPS (Diluted) |
0.11
N/A
|
0.09
-18%
|
0.1
+11%
|
0.1
N/A
|
0.1
N/A
|
0.08
-20%
|
0.16
+100%
|
0.15
-6%
|
0.16
+7%
|
0.16
N/A
|
0.11
-31%
|
0.15
+36%
|
0.14
-7%
|
0.09
-36%
|
-0.21
N/A
|
-0.25
-19%
|
-0.27
-8%
|
-0.42
-56%
|
-0.42
N/A
|
-0.42
N/A
|
-0.41
+2%
|
-0.23
+44%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.01
-75%
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
-0.12
N/A
|
-0.11
+8%
|
-0.1
+9%
|
-0.19
-90%
|
-0.14
+26%
|
0.06
N/A
|
0.23
+283%
|
0.06
-74%
|
0.07
+17%
|
0.09
+29%
|
0.11
+22%
|
|