EC World Real Estate Investment Trust
SGX:BWCU
Income Statement
Earnings Waterfall
EC World Real Estate Investment Trust
Revenue
|
107.8m
SGD
|
Cost of Revenue
|
-12.5m
SGD
|
Gross Profit
|
95.2m
SGD
|
Operating Expenses
|
-2.1m
SGD
|
Operating Income
|
93.2m
SGD
|
Other Expenses
|
-542.5m
SGD
|
Net Income
|
-449.3m
SGD
|
Income Statement
EC World Real Estate Investment Trust
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 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
Revenue |
142
N/A
|
150
+5%
|
91
-39%
|
92
+0%
|
93
+2%
|
93
+0%
|
96
+3%
|
96
0%
|
95
-1%
|
97
+2%
|
99
+2%
|
99
0%
|
103
+5%
|
106
+3%
|
110
+3%
|
117
+7%
|
151
+29%
|
154
+2%
|
125
-18%
|
189
+51%
|
191
+1%
|
189
-1%
|
122
-36%
|
180
+48%
|
172
-4%
|
169
-2%
|
108
-36%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(21)
|
(21)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(15)
|
(14)
|
(14)
|
(14)
|
(15)
|
(16)
|
(21)
|
(22)
|
(19)
|
(27)
|
(26)
|
(25)
|
(16)
|
(23)
|
(21)
|
(20)
|
(13)
|
|
Gross Profit |
122
N/A
|
128
+6%
|
77
-40%
|
77
+0%
|
79
+3%
|
79
0%
|
82
+4%
|
82
0%
|
80
-2%
|
81
+1%
|
85
+5%
|
85
+0%
|
89
+5%
|
92
+3%
|
95
+3%
|
101
+6%
|
129
+28%
|
132
+2%
|
107
-19%
|
162
+52%
|
165
+2%
|
163
-1%
|
106
-35%
|
157
+48%
|
151
-4%
|
149
-1%
|
95
-36%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(4)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(8)
|
(1)
|
(1)
|
(1)
|
(5)
|
(2)
|
(2)
|
(2)
|
(5)
|
(1)
|
(2)
|
(1)
|
(5)
|
(2)
|
(2)
|
(2)
|
(6)
|
(2)
|
(3)
|
(3)
|
(2)
|
|
Selling, General & Administrative |
(4)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
|
Operating Income |
118
N/A
|
127
+8%
|
76
-40%
|
76
0%
|
77
+2%
|
78
+0%
|
73
-5%
|
81
+10%
|
79
-2%
|
80
+1%
|
79
-1%
|
83
+5%
|
88
+5%
|
91
+4%
|
90
-1%
|
100
+11%
|
128
+28%
|
130
+2%
|
101
-22%
|
160
+59%
|
163
+2%
|
162
-1%
|
100
-38%
|
155
+54%
|
148
-4%
|
146
-1%
|
93
-36%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(20)
|
(32)
|
(4)
|
(6)
|
4
|
5
|
(3)
|
(11)
|
(18)
|
(9)
|
19
|
10
|
2
|
(12)
|
(52)
|
(50)
|
(51)
|
(49)
|
(56)
|
(78)
|
(132)
|
(132)
|
(64)
|
(86)
|
(42)
|
(47)
|
(651)
|
|
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
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(8)
|
(8)
|
(4)
|
(4)
|
0
|
0
|
0
|
|
Pre-Tax Income |
98
N/A
|
95
-3%
|
71
-25%
|
70
-2%
|
81
+16%
|
83
+2%
|
70
-15%
|
70
-1%
|
61
-12%
|
71
+16%
|
98
+38%
|
93
-5%
|
90
-4%
|
78
-12%
|
38
-52%
|
50
+34%
|
77
+53%
|
81
+6%
|
45
-45%
|
78
+74%
|
22
-71%
|
22
-3%
|
33
+50%
|
65
+97%
|
106
+65%
|
99
-6%
|
(558)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
(24)
|
(26)
|
(24)
|
(24)
|
(28)
|
(28)
|
(23)
|
(23)
|
(20)
|
(23)
|
(33)
|
(32)
|
(33)
|
(31)
|
(22)
|
(23)
|
(31)
|
(30)
|
(20)
|
(32)
|
(25)
|
(26)
|
(23)
|
(35)
|
(42)
|
(42)
|
109
|
|
Income from Continuing Operations |
74
|
69
|
48
|
46
|
53
|
55
|
47
|
46
|
42
|
48
|
65
|
61
|
56
|
47
|
15
|
27
|
46
|
51
|
24
|
46
|
(3)
|
(4)
|
10
|
30
|
64
|
57
|
(449)
|
|
Net Income (Common) |
74
N/A
|
69
-7%
|
48
-31%
|
46
-4%
|
53
+15%
|
55
+4%
|
47
-14%
|
46
-1%
|
42
-10%
|
48
+15%
|
65
+37%
|
61
-7%
|
56
-7%
|
47
-16%
|
15
-67%
|
27
+75%
|
46
+72%
|
51
+11%
|
24
-52%
|
46
+86%
|
(3)
N/A
|
(4)
-37%
|
10
N/A
|
30
+193%
|
64
+116%
|
57
-10%
|
(449)
N/A
|
|
EPS (Diluted) |
0.09
N/A
|
0.08
-11%
|
0.06
-25%
|
0.05
-17%
|
0.06
+20%
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.05
-17%
|
0.06
+20%
|
0.08
+33%
|
0.08
N/A
|
0.07
-13%
|
0.06
-14%
|
0.02
-67%
|
0.03
+50%
|
0.06
+100%
|
0.06
N/A
|
0.03
-50%
|
0.06
+100%
|
0
N/A
|
-0.01
N/A
|
0.01
N/A
|
0.04
+300%
|
0.08
+100%
|
0.07
-13%
|
-0.55
N/A
|