Boustead Singapore Ltd
SGX:F9D
Income Statement
Earnings Waterfall
Boustead Singapore Ltd
Income Statement
Boustead Singapore Ltd
| 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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
1
|
5
|
5
|
4
|
0
|
2
|
0
|
3
|
0
|
2
|
0
|
0
|
0
|
|
| Revenue |
438
N/A
|
428
-2%
|
443
+3%
|
450
+2%
|
517
+15%
|
556
+8%
|
539
-3%
|
528
-2%
|
438
-17%
|
512
+17%
|
528
+3%
|
552
+5%
|
561
+2%
|
459
-18%
|
420
-9%
|
387
-8%
|
409
+6%
|
431
+6%
|
453
+5%
|
499
+10%
|
513
+3%
|
529
+3%
|
530
+0%
|
518
-2%
|
514
-1%
|
512
0%
|
528
+3%
|
576
+9%
|
556
-3%
|
547
-2%
|
532
-3%
|
496
-7%
|
487
-2%
|
484
-1%
|
482
0%
|
455
-6%
|
434
-5%
|
411
-5%
|
402
-2%
|
388
-3%
|
385
-1%
|
384
0%
|
397
+4%
|
440
+11%
|
471
+7%
|
493
+5%
|
667
+35%
|
727
+9%
|
724
0%
|
686
-5%
|
736
+7%
|
632
-14%
|
538
-15%
|
562
+4%
|
683
+22%
|
768
+12%
|
695
-9%
|
527
-24%
|
526
0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(303)
|
(288)
|
(301)
|
(311)
|
(374)
|
(410)
|
(398)
|
(385)
|
(306)
|
(346)
|
(363)
|
(380)
|
(383)
|
(314)
|
(270)
|
(245)
|
(263)
|
(277)
|
(302)
|
(333)
|
(336)
|
(356)
|
(351)
|
(336)
|
(338)
|
(332)
|
(338)
|
(393)
|
(370)
|
(367)
|
(361)
|
(325)
|
(336)
|
(334)
|
(337)
|
(314)
|
(290)
|
(270)
|
(257)
|
(242)
|
(238)
|
(236)
|
(248)
|
(287)
|
(316)
|
(343)
|
(485)
|
(559)
|
(545)
|
(512)
|
(569)
|
(487)
|
(400)
|
(405)
|
(494)
|
(541)
|
(457)
|
(294)
|
(299)
|
|
| Gross Profit |
136
N/A
|
140
+3%
|
141
+1%
|
139
-1%
|
143
+3%
|
146
+2%
|
141
-3%
|
144
+2%
|
133
-8%
|
165
+25%
|
165
0%
|
172
+4%
|
178
+4%
|
145
-18%
|
150
+3%
|
143
-5%
|
146
+2%
|
154
+5%
|
151
-2%
|
166
+10%
|
177
+7%
|
173
-3%
|
179
+3%
|
182
+1%
|
175
-3%
|
179
+2%
|
190
+6%
|
183
-4%
|
186
+2%
|
180
-3%
|
171
-5%
|
172
+0%
|
151
-12%
|
150
-1%
|
145
-3%
|
141
-3%
|
144
+2%
|
141
-2%
|
145
+3%
|
146
+1%
|
147
+1%
|
147
0%
|
149
+1%
|
153
+3%
|
154
+1%
|
150
-3%
|
182
+21%
|
167
-8%
|
179
+7%
|
174
-3%
|
168
-3%
|
145
-14%
|
138
-5%
|
157
+14%
|
188
+20%
|
227
+20%
|
238
+5%
|
233
-2%
|
227
-3%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(69)
|
(70)
|
(76)
|
(76)
|
(92)
|
(90)
|
(88)
|
(88)
|
(78)
|
(84)
|
(85)
|
(87)
|
(104)
|
(104)
|
(107)
|
(107)
|
(86)
|
(91)
|
(97)
|
(86)
|
(93)
|
(103)
|
(99)
|
(99)
|
(95)
|
(94)
|
(95)
|
(95)
|
(105)
|
(103)
|
(102)
|
(102)
|
(95)
|
(94)
|
(94)
|
(92)
|
(84)
|
(86)
|
(84)
|
(83)
|
(94)
|
(94)
|
(97)
|
(101)
|
(104)
|
(103)
|
(124)
|
(101)
|
(98)
|
(109)
|
(113)
|
(111)
|
(110)
|
(109)
|
(121)
|
(134)
|
(135)
|
(133)
|
(135)
|
|
| Selling, General & Administrative |
(62)
|
(62)
|
(68)
|
(68)
|
(83)
|
(81)
|
(79)
|
(79)
|
(73)
|
(73)
|
(74)
|
(74)
|
(97)
|
(72)
|
(75)
|
(76)
|
(83)
|
(78)
|
(78)
|
(79)
|
(90)
|
(84)
|
(84)
|
(84)
|
(79)
|
(85)
|
(86)
|
(86)
|
(89)
|
(90)
|
(94)
|
(98)
|
(95)
|
(96)
|
(95)
|
(93)
|
(94)
|
(93)
|
(94)
|
(93)
|
(94)
|
(95)
|
(98)
|
(102)
|
(104)
|
(104)
|
(127)
|
(101)
|
(101)
|
(109)
|
(113)
|
(111)
|
(110)
|
(109)
|
(121)
|
(134)
|
(135)
|
(133)
|
(135)
|
|
| Depreciation & Amortization |
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
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
|
|
| Other Operating Expenses |
(5)
|
(8)
|
(8)
|
(9)
|
(6)
|
(10)
|
(10)
|
(10)
|
(2)
|
(11)
|
(12)
|
(13)
|
(4)
|
(31)
|
(32)
|
(31)
|
1
|
(14)
|
(19)
|
(7)
|
2
|
(19)
|
(14)
|
(15)
|
(15)
|
(9)
|
(9)
|
(9)
|
(17)
|
(12)
|
(8)
|
(4)
|
0
|
1
|
1
|
1
|
9
|
7
|
11
|
11
|
0
|
1
|
1
|
0
|
0
|
0
|
4
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
| Operating Income |
67
N/A
|
70
+4%
|
65
-6%
|
63
-3%
|
51
-20%
|
55
+9%
|
53
-4%
|
55
+4%
|
55
-1%
|
82
+49%
|
79
-3%
|
85
+7%
|
74
-13%
|
42
-44%
|
43
+4%
|
35
-18%
|
60
+70%
|
63
+4%
|
54
-14%
|
80
+47%
|
84
+6%
|
70
-17%
|
80
+16%
|
82
+2%
|
81
-2%
|
85
+5%
|
95
+11%
|
88
-7%
|
81
-8%
|
77
-4%
|
70
-10%
|
70
N/A
|
56
-20%
|
55
-1%
|
52
-6%
|
50
-5%
|
59
+20%
|
55
-8%
|
61
+12%
|
64
+4%
|
53
-17%
|
53
+0%
|
52
-1%
|
52
0%
|
50
-4%
|
46
-8%
|
58
+25%
|
66
+14%
|
82
+24%
|
65
-21%
|
54
-16%
|
34
-38%
|
28
-17%
|
48
+69%
|
68
+42%
|
93
+38%
|
103
+11%
|
100
-3%
|
92
-8%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
9
|
4
|
4
|
8
|
25
|
30
|
30
|
25
|
3
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
12
|
12
|
12
|
18
|
13
|
16
|
14
|
7
|
6
|
7
|
8
|
10
|
8
|
2
|
3
|
(0)
|
1
|
3
|
3
|
8
|
12
|
8
|
6
|
2
|
3
|
7
|
7
|
9
|
7
|
6
|
5
|
1
|
(10)
|
5
|
20
|
25
|
33
|
22
|
7
|
6
|
3
|
(1)
|
5
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
4
|
13
|
0
|
0
|
15
|
5
|
6
|
4
|
(2)
|
(1)
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
(4)
|
(4)
|
(0)
|
6
|
6
|
6
|
5
|
(1)
|
(3)
|
(3)
|
(2)
|
135
|
134
|
(3)
|
(4)
|
7
|
9
|
2
|
3
|
25
|
24
|
|
| Total Other Income |
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
2
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
76
N/A
|
73
-3%
|
69
-6%
|
71
+3%
|
81
+15%
|
86
+5%
|
84
-2%
|
82
-3%
|
59
-28%
|
86
+46%
|
83
-4%
|
88
+6%
|
74
-17%
|
44
-40%
|
46
+4%
|
38
-17%
|
72
+88%
|
78
+8%
|
79
+2%
|
97
+23%
|
97
+0%
|
101
+4%
|
99
-2%
|
95
-4%
|
91
-5%
|
91
N/A
|
102
+13%
|
96
-6%
|
89
-7%
|
79
-11%
|
73
-8%
|
70
-4%
|
57
-19%
|
58
+3%
|
55
-5%
|
57
+3%
|
68
+19%
|
62
-8%
|
64
+3%
|
62
-3%
|
56
-10%
|
66
+19%
|
65
-2%
|
67
+3%
|
62
-7%
|
51
-18%
|
60
+18%
|
63
+5%
|
70
+11%
|
204
+192%
|
208
+2%
|
55
-73%
|
57
+2%
|
76
+35%
|
84
+9%
|
100
+20%
|
109
+9%
|
123
+13%
|
121
-2%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(18)
|
(19)
|
(22)
|
(21)
|
(16)
|
(16)
|
(14)
|
(13)
|
(12)
|
(15)
|
(15)
|
(15)
|
(15)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(11)
|
(8)
|
(13)
|
(11)
|
(16)
|
(19)
|
(17)
|
(18)
|
(21)
|
(22)
|
(23)
|
(21)
|
(19)
|
(17)
|
(15)
|
(16)
|
(14)
|
(13)
|
(14)
|
(13)
|
(14)
|
(14)
|
(13)
|
(15)
|
(16)
|
(17)
|
(13)
|
(10)
|
(12)
|
(19)
|
(21)
|
(25)
|
(26)
|
(16)
|
(16)
|
(20)
|
(25)
|
(28)
|
(29)
|
(23)
|
(22)
|
|
| Income from Continuing Operations |
58
|
55
|
47
|
50
|
66
|
69
|
70
|
68
|
47
|
71
|
69
|
73
|
59
|
33
|
34
|
25
|
58
|
62
|
69
|
89
|
85
|
90
|
84
|
76
|
74
|
72
|
81
|
74
|
66
|
58
|
54
|
53
|
41
|
43
|
41
|
44
|
53
|
49
|
50
|
48
|
42
|
51
|
49
|
50
|
50
|
41
|
48
|
44
|
49
|
179
|
182
|
39
|
41
|
56
|
59
|
72
|
80
|
100
|
99
|
|
| Income to Minority Interest |
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(5)
|
(8)
|
(11)
|
(13)
|
(14)
|
(15)
|
(16)
|
(20)
|
(20)
|
(21)
|
(21)
|
(16)
|
(18)
|
(17)
|
(17)
|
(17)
|
(14)
|
(15)
|
(14)
|
(9)
|
(66)
|
(69)
|
(8)
|
(9)
|
(11)
|
(9)
|
(8)
|
(7)
|
(5)
|
(5)
|
|
| Net Income (Common) |
52
N/A
|
48
-7%
|
41
-15%
|
44
+7%
|
60
+38%
|
64
+6%
|
65
+2%
|
64
-2%
|
43
-32%
|
66
+52%
|
63
-4%
|
68
+7%
|
52
-23%
|
29
-45%
|
30
+3%
|
22
-26%
|
56
+152%
|
59
+6%
|
65
+10%
|
86
+32%
|
81
-5%
|
87
+7%
|
81
-7%
|
73
-10%
|
71
-3%
|
69
-2%
|
78
+12%
|
71
-9%
|
63
-11%
|
54
-15%
|
46
-13%
|
42
-9%
|
28
-33%
|
29
+2%
|
26
-9%
|
28
+8%
|
33
+18%
|
29
-12%
|
29
-2%
|
27
-6%
|
26
-3%
|
33
+23%
|
32
-1%
|
33
+3%
|
33
-2%
|
27
-17%
|
33
+20%
|
31
-5%
|
40
+30%
|
113
+181%
|
113
0%
|
31
-73%
|
32
+4%
|
45
+42%
|
50
+9%
|
64
+29%
|
73
+14%
|
95
+30%
|
94
-1%
|
|
| EPS (Diluted) |
0.1
N/A
|
0.09
-10%
|
0.08
-11%
|
0.09
+12%
|
0.12
+33%
|
0.13
+8%
|
0.13
N/A
|
0.13
N/A
|
0.08
-38%
|
0.13
+63%
|
0.13
N/A
|
0.14
+8%
|
0.1
-29%
|
0.07
-30%
|
0.07
N/A
|
0.05
-29%
|
0.11
+120%
|
0.11
N/A
|
0.12
+9%
|
0.16
+33%
|
0.16
N/A
|
0.17
+6%
|
0.16
-6%
|
0.15
-6%
|
0.14
-7%
|
0.14
N/A
|
0.15
+7%
|
0.13
-13%
|
0.12
-8%
|
0.09
-25%
|
0.08
-11%
|
0.07
-12%
|
0.05
-29%
|
0.05
N/A
|
0.04
-20%
|
0.05
+25%
|
0.06
+20%
|
0.06
N/A
|
0.06
N/A
|
0.05
-17%
|
0.05
N/A
|
0.06
+20%
|
0.06
N/A
|
0.07
+17%
|
0.07
N/A
|
0.05
-29%
|
0.07
+40%
|
0.06
-14%
|
0.08
+33%
|
0.23
+188%
|
0.23
N/A
|
0.06
-74%
|
0.07
+17%
|
0.09
+29%
|
0.1
+11%
|
0.13
+30%
|
0.15
+15%
|
0.2
+33%
|
0.19
-5%
|
|