Cortina Holdings Ltd
SGX:C41
Income Statement
Earnings Waterfall
Cortina Holdings Ltd
Revenue
|
811m
SGD
|
Cost of Revenue
|
-541.6m
SGD
|
Gross Profit
|
269.4m
SGD
|
Operating Expenses
|
-166m
SGD
|
Operating Income
|
103.3m
SGD
|
Other Expenses
|
-33.8m
SGD
|
Net Income
|
69.5m
SGD
|
Income Statement
Cortina Holdings Ltd
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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
Revenue |
405
N/A
|
395
-2%
|
397
+0%
|
397
N/A
|
367
-7%
|
378
+3%
|
374
-1%
|
378
+1%
|
391
+3%
|
391
+0%
|
419
+7%
|
440
+5%
|
466
+6%
|
477
+2%
|
471
-1%
|
472
+0%
|
461
-2%
|
482
+5%
|
628
+30%
|
514
-18%
|
431
-16%
|
437
+1%
|
587
+35%
|
717
+22%
|
799
+11%
|
827
+3%
|
811
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(317)
|
(309)
|
(308)
|
(306)
|
(284)
|
(291)
|
(288)
|
(291)
|
(301)
|
(301)
|
(323)
|
(338)
|
(358)
|
(365)
|
(359)
|
(357)
|
(344)
|
(357)
|
(462)
|
(374)
|
(310)
|
(310)
|
(412)
|
(483)
|
(529)
|
(555)
|
(542)
|
|
Gross Profit |
87
N/A
|
87
-1%
|
89
+3%
|
90
+1%
|
84
-7%
|
87
+4%
|
87
-1%
|
87
+0%
|
90
+3%
|
90
0%
|
96
+7%
|
101
+6%
|
108
+7%
|
112
+4%
|
112
0%
|
116
+3%
|
117
+1%
|
124
+7%
|
166
+33%
|
140
-16%
|
120
-14%
|
126
+5%
|
176
+39%
|
233
+33%
|
271
+16%
|
272
+1%
|
269
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(66)
|
(67)
|
(68)
|
(69)
|
(68)
|
(70)
|
(70)
|
(71)
|
(72)
|
(72)
|
(74)
|
(75)
|
(78)
|
(79)
|
(78)
|
(76)
|
(77)
|
(79)
|
(104)
|
(86)
|
(71)
|
(79)
|
(104)
|
(143)
|
(158)
|
(161)
|
(166)
|
|
Selling, General & Administrative |
(45)
|
(46)
|
(47)
|
(49)
|
(48)
|
(49)
|
(50)
|
(50)
|
(56)
|
(52)
|
(53)
|
(54)
|
(60)
|
(56)
|
(56)
|
(56)
|
(60)
|
(51)
|
(56)
|
(44)
|
(35)
|
(39)
|
(48)
|
(84)
|
(75)
|
(93)
|
(77)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(1)
|
(6)
|
(6)
|
(6)
|
(5)
|
(11)
|
(24)
|
(29)
|
(37)
|
(28)
|
(33)
|
(40)
|
(41)
|
(41)
|
(45)
|
|
Other Operating Expenses |
(17)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(16)
|
(16)
|
(10)
|
(14)
|
(15)
|
(15)
|
(17)
|
(16)
|
(16)
|
(14)
|
(11)
|
(17)
|
(23)
|
(13)
|
1
|
(12)
|
(22)
|
(20)
|
(42)
|
(26)
|
(44)
|
|
Operating Income |
21
N/A
|
20
-6%
|
21
+6%
|
21
0%
|
15
-27%
|
17
+11%
|
16
-5%
|
16
-1%
|
18
+13%
|
18
-2%
|
22
+26%
|
26
+17%
|
30
+15%
|
34
+13%
|
35
+3%
|
40
+15%
|
40
+1%
|
45
+13%
|
62
+38%
|
54
-13%
|
49
-9%
|
48
-3%
|
72
+51%
|
90
+25%
|
113
+25%
|
111
-2%
|
103
-7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(5)
|
(3)
|
|
Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
7
|
0
|
5
|
0
|
(1)
|
0
|
|
Gain/Loss on Disposition of Assets |
3
|
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
|
|
Total Other Income |
0
|
(2)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
20
N/A
|
17
-18%
|
18
+8%
|
18
N/A
|
11
-38%
|
14
+27%
|
13
-6%
|
13
-1%
|
16
+21%
|
15
-4%
|
20
+31%
|
24
+19%
|
29
+20%
|
32
+12%
|
33
+3%
|
38
+16%
|
39
+2%
|
44
+12%
|
61
+37%
|
53
-12%
|
48
-9%
|
55
+13%
|
70
+28%
|
93
+33%
|
110
+19%
|
106
-3%
|
100
-6%
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(8)
|
(8)
|
(9)
|
(13)
|
(11)
|
(11)
|
(12)
|
(15)
|
(19)
|
(22)
|
(23)
|
(24)
|
|
Income from Continuing Operations |
17
|
14
|
15
|
15
|
8
|
11
|
10
|
10
|
12
|
12
|
16
|
19
|
23
|
26
|
27
|
30
|
31
|
35
|
48
|
42
|
38
|
43
|
54
|
74
|
88
|
84
|
76
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(7)
|
(7)
|
|
Net Income (Common) |
15
N/A
|
13
-16%
|
14
+7%
|
14
N/A
|
8
-39%
|
10
+23%
|
10
-7%
|
9
-3%
|
12
+27%
|
11
-3%
|
15
+33%
|
18
+20%
|
22
+22%
|
25
+10%
|
25
+3%
|
29
+14%
|
29
+0%
|
33
+13%
|
45
+38%
|
39
-13%
|
35
-11%
|
40
+14%
|
51
+27%
|
69
+36%
|
81
+18%
|
77
-6%
|
70
-9%
|
|
EPS (Diluted) |
0.09
N/A
|
0.08
-11%
|
0.09
+13%
|
0.09
N/A
|
0.05
-44%
|
0.07
+40%
|
0.06
-14%
|
0.06
N/A
|
0.07
+17%
|
0.07
N/A
|
0.1
+43%
|
0.11
+10%
|
0.13
+18%
|
0.15
+15%
|
0.15
N/A
|
0.18
+20%
|
0.17
-6%
|
0.2
+18%
|
0.27
+35%
|
0.24
-11%
|
0.21
-13%
|
0.24
+14%
|
0.31
+29%
|
0.42
+35%
|
0.49
+17%
|
0.46
-6%
|
0.42
-9%
|