Haw Par Corporation Ltd
SGX:H02
Income Statement
Earnings Waterfall
Haw Par Corporation Ltd
Income Statement
Haw Par Corporation Ltd
| Dec-2002 | Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | 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 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
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
|
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
|
1
|
0
|
2
|
0
|
2
|
0
|
|
| Revenue |
105
N/A
|
102
-3%
|
96
-6%
|
99
+2%
|
99
+1%
|
106
+6%
|
111
+5%
|
116
+5%
|
113
-2%
|
115
+1%
|
117
+2%
|
120
+2%
|
120
+1%
|
120
0%
|
120
0%
|
122
+1%
|
120
-2%
|
119
0%
|
117
-2%
|
115
-2%
|
119
+3%
|
119
0%
|
120
+1%
|
120
+0%
|
122
+1%
|
124
+2%
|
125
+1%
|
127
+2%
|
124
-2%
|
126
+2%
|
130
+3%
|
128
-1%
|
130
+1%
|
229
+77%
|
227
-1%
|
229
+1%
|
133
-42%
|
132
-1%
|
137
+4%
|
139
+2%
|
139
+0%
|
140
+1%
|
144
+3%
|
144
+1%
|
141
-2%
|
147
+4%
|
152
+4%
|
154
+1%
|
154
+0%
|
161
+5%
|
167
+4%
|
176
+6%
|
179
+1%
|
186
+4%
|
187
+1%
|
189
+1%
|
202
+7%
|
210
+4%
|
218
+4%
|
222
+2%
|
223
+0%
|
222
0%
|
226
+2%
|
233
+3%
|
238
+2%
|
251
+6%
|
257
+2%
|
253
-2%
|
244
-4%
|
181
-26%
|
111
-39%
|
96
-14%
|
141
+47%
|
171
+21%
|
182
+7%
|
198
+9%
|
232
+17%
|
239
+3%
|
245
+2%
|
253
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(32)
|
(29)
|
(27)
|
(27)
|
(27)
|
(31)
|
(35)
|
(40)
|
(44)
|
(45)
|
(46)
|
(48)
|
(50)
|
(50)
|
(50)
|
(50)
|
(48)
|
(47)
|
(46)
|
(46)
|
(49)
|
(49)
|
(50)
|
(50)
|
(50)
|
(52)
|
(52)
|
(52)
|
(52)
|
(53)
|
(55)
|
(55)
|
(57)
|
(100)
|
(100)
|
(102)
|
(61)
|
(59)
|
(60)
|
(61)
|
(61)
|
(62)
|
(63)
|
(62)
|
(61)
|
(62)
|
(64)
|
(65)
|
(64)
|
(67)
|
(68)
|
(71)
|
(73)
|
(74)
|
(76)
|
(74)
|
(76)
|
(79)
|
(80)
|
(83)
|
(83)
|
(82)
|
(85)
|
(89)
|
(92)
|
(100)
|
(104)
|
(105)
|
(105)
|
(83)
|
(62)
|
(56)
|
(68)
|
(80)
|
(84)
|
(88)
|
(97)
|
(103)
|
(111)
|
(112)
|
|
| Gross Profit |
74
N/A
|
73
-1%
|
69
-6%
|
71
+4%
|
73
+2%
|
75
+2%
|
75
+1%
|
76
+1%
|
69
-9%
|
70
+1%
|
70
+1%
|
71
+1%
|
71
0%
|
70
-2%
|
70
0%
|
72
+3%
|
72
0%
|
73
+1%
|
72
-1%
|
69
-3%
|
71
+2%
|
70
-1%
|
70
0%
|
70
N/A
|
72
+3%
|
73
+1%
|
74
+1%
|
75
+2%
|
72
-4%
|
73
+1%
|
74
+2%
|
73
-1%
|
73
0%
|
129
+77%
|
127
-2%
|
127
+0%
|
72
-43%
|
73
+2%
|
77
+5%
|
78
+1%
|
78
+1%
|
78
0%
|
81
+3%
|
82
+2%
|
80
-3%
|
85
+6%
|
88
+4%
|
89
+1%
|
90
+2%
|
95
+5%
|
99
+4%
|
106
+7%
|
106
+1%
|
111
+5%
|
111
N/A
|
115
+3%
|
125
+9%
|
131
+5%
|
138
+5%
|
139
+1%
|
140
+0%
|
140
0%
|
141
+1%
|
144
+3%
|
146
+1%
|
151
+4%
|
153
+1%
|
148
-3%
|
139
-6%
|
99
-29%
|
49
-50%
|
40
-19%
|
74
+85%
|
91
+24%
|
99
+8%
|
110
+11%
|
135
+23%
|
136
+1%
|
134
-2%
|
141
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(44)
|
(33)
|
3
|
4
|
(43)
|
(7)
|
3
|
2
|
(37)
|
18
|
17
|
36
|
23
|
24
|
27
|
28
|
47
|
47
|
68
|
36
|
(36)
|
16
|
(36)
|
(36)
|
(35)
|
17
|
19
|
18
|
(34)
|
(35)
|
(38)
|
(38)
|
(37)
|
(18)
|
(18)
|
(32)
|
(50)
|
(50)
|
(51)
|
(39)
|
(45)
|
(43)
|
(44)
|
(44)
|
(41)
|
(42)
|
(45)
|
(45)
|
(45)
|
(47)
|
(49)
|
(51)
|
(51)
|
(60)
|
(58)
|
(57)
|
(50)
|
(53)
|
(57)
|
(61)
|
(66)
|
(63)
|
(61)
|
(60)
|
(60)
|
(64)
|
(62)
|
(61)
|
(59)
|
(46)
|
(31)
|
(31)
|
(47)
|
(57)
|
(54)
|
(57)
|
(70)
|
(67)
|
(69)
|
(75)
|
|
| Selling, General & Administrative |
(45)
|
(21)
|
(20)
|
(22)
|
(44)
|
(44)
|
(41)
|
(40)
|
(38)
|
(38)
|
(40)
|
(40)
|
(37)
|
(37)
|
(36)
|
(37)
|
(37)
|
(37)
|
(36)
|
(35)
|
(38)
|
(38)
|
(39)
|
(38)
|
(37)
|
(36)
|
(34)
|
(35)
|
(37)
|
(38)
|
(40)
|
(41)
|
(39)
|
(70)
|
(70)
|
(72)
|
(41)
|
(41)
|
(42)
|
(42)
|
(47)
|
(45)
|
(46)
|
(46)
|
(43)
|
(44)
|
(47)
|
(47)
|
(47)
|
(49)
|
(51)
|
(53)
|
(53)
|
(57)
|
(56)
|
(55)
|
(53)
|
(56)
|
(59)
|
(63)
|
(68)
|
(66)
|
(64)
|
(63)
|
(62)
|
(66)
|
(64)
|
(63)
|
(61)
|
(49)
|
(35)
|
(34)
|
(49)
|
(58)
|
(55)
|
(59)
|
(71)
|
(69)
|
(70)
|
(75)
|
|
| Other Operating Expenses |
1
|
(12)
|
23
|
26
|
1
|
37
|
43
|
43
|
0
|
57
|
57
|
75
|
60
|
60
|
62
|
65
|
84
|
83
|
105
|
71
|
2
|
54
|
3
|
3
|
2
|
53
|
53
|
53
|
2
|
2
|
3
|
2
|
2
|
52
|
52
|
40
|
(9)
|
(9)
|
(9)
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
(3)
|
(2)
|
(2)
|
3
|
3
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
3
|
4
|
3
|
2
|
1
|
1
|
2
|
1
|
2
|
1
|
0
|
|
| Operating Income |
30
N/A
|
41
+38%
|
72
+77%
|
76
+5%
|
30
-61%
|
68
+128%
|
78
+15%
|
78
+0%
|
32
-59%
|
88
+178%
|
88
-1%
|
107
+22%
|
94
-12%
|
94
-1%
|
96
+3%
|
100
+4%
|
119
+19%
|
119
+1%
|
140
+17%
|
105
-25%
|
35
-67%
|
86
+145%
|
34
-61%
|
34
+1%
|
37
+8%
|
90
+144%
|
92
+3%
|
93
+1%
|
38
-59%
|
38
-1%
|
37
-2%
|
35
-4%
|
36
+3%
|
111
+207%
|
109
-2%
|
96
-12%
|
22
-77%
|
23
+5%
|
26
+13%
|
39
+49%
|
34
-14%
|
35
+4%
|
37
+5%
|
38
+4%
|
39
+3%
|
42
+7%
|
43
+3%
|
44
+1%
|
45
+3%
|
48
+8%
|
50
+3%
|
55
+10%
|
55
+0%
|
52
-7%
|
54
+4%
|
58
+8%
|
75
+30%
|
78
+4%
|
82
+4%
|
78
-4%
|
74
-6%
|
77
+4%
|
80
+4%
|
84
+6%
|
86
+2%
|
87
+1%
|
91
+4%
|
87
-4%
|
81
-7%
|
53
-34%
|
18
-66%
|
9
-52%
|
26
+204%
|
34
+29%
|
45
+31%
|
52
+17%
|
65
+25%
|
70
+7%
|
65
-6%
|
66
+2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
39
|
(4)
|
(4)
|
(4)
|
33
|
(3)
|
(2)
|
(1)
|
55
|
(0)
|
(0)
|
0
|
0
|
3
|
3
|
6
|
9
|
6
|
8
|
29
|
153
|
101
|
139
|
130
|
44
|
(9)
|
(15)
|
(15)
|
20
|
20
|
25
|
35
|
88
|
102
|
108
|
98
|
64
|
64
|
68
|
69
|
94
|
93
|
88
|
88
|
76
|
78
|
85
|
89
|
82
|
80
|
133
|
137
|
143
|
144
|
74
|
78
|
64
|
60
|
61
|
62
|
64
|
65
|
92
|
105
|
106
|
107
|
113
|
116
|
116
|
120
|
106
|
75
|
90
|
108
|
114
|
136
|
164
|
178
|
181
|
203
|
|
| Non-Reccuring Items |
0
|
0
|
(30)
|
(30)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
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
|
(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
|
|
| Gain/Loss on Disposition of Assets |
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(32)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
(0)
|
(2)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
36
N/A
|
37
+2%
|
38
+4%
|
42
+10%
|
63
+50%
|
65
+3%
|
76
+16%
|
77
+2%
|
87
+13%
|
88
+1%
|
87
-1%
|
107
+22%
|
94
-11%
|
97
+3%
|
100
+3%
|
106
+6%
|
127
+20%
|
126
-1%
|
148
+18%
|
134
-10%
|
188
+40%
|
189
+1%
|
175
-7%
|
166
-5%
|
81
-51%
|
81
0%
|
77
-5%
|
78
+1%
|
58
-26%
|
57
-2%
|
62
+9%
|
70
+13%
|
124
+77%
|
213
+72%
|
217
+2%
|
194
-10%
|
86
-55%
|
87
+1%
|
94
+8%
|
108
+15%
|
127
+18%
|
128
+1%
|
125
-3%
|
126
+1%
|
115
-9%
|
120
+4%
|
128
+6%
|
132
+3%
|
127
-4%
|
128
+1%
|
183
+43%
|
192
+5%
|
194
+1%
|
195
+1%
|
128
-35%
|
136
+6%
|
139
+2%
|
139
0%
|
143
+3%
|
140
-2%
|
138
-2%
|
141
+3%
|
172
+22%
|
190
+10%
|
192
+1%
|
195
+1%
|
204
+5%
|
203
0%
|
197
-3%
|
173
-12%
|
124
-28%
|
83
-33%
|
116
+39%
|
142
+23%
|
159
+12%
|
188
+18%
|
229
+22%
|
247
+8%
|
246
-1%
|
269
+9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(15)
|
(19)
|
(17)
|
(17)
|
(11)
|
(11)
|
(15)
|
(12)
|
(12)
|
(14)
|
(9)
|
(16)
|
(14)
|
(14)
|
(18)
|
(17)
|
(20)
|
(19)
|
(22)
|
(20)
|
(29)
|
(29)
|
(21)
|
(18)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(2)
|
(2)
|
(2)
|
(11)
|
(16)
|
(15)
|
(15)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(12)
|
(4)
|
(2)
|
(6)
|
(8)
|
(11)
|
(13)
|
(13)
|
(13)
|
(18)
|
(19)
|
|
| Income from Continuing Operations |
21
|
19
|
22
|
25
|
52
|
55
|
60
|
65
|
75
|
74
|
78
|
91
|
80
|
83
|
82
|
88
|
107
|
106
|
126
|
114
|
159
|
160
|
154
|
148
|
79
|
79
|
75
|
76
|
57
|
55
|
60
|
68
|
113
|
197
|
201
|
179
|
81
|
81
|
87
|
100
|
120
|
120
|
117
|
119
|
108
|
113
|
120
|
124
|
119
|
120
|
174
|
183
|
183
|
184
|
117
|
124
|
125
|
125
|
128
|
125
|
122
|
125
|
156
|
173
|
179
|
182
|
190
|
190
|
182
|
161
|
120
|
82
|
110
|
134
|
148
|
175
|
217
|
234
|
228
|
250
|
|
| Income to Minority Interest |
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(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)
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
18
N/A
|
15
-16%
|
20
+27%
|
23
+16%
|
50
+119%
|
52
+5%
|
58
+10%
|
63
+10%
|
73
+16%
|
73
N/A
|
78
+6%
|
90
+16%
|
80
-11%
|
83
+4%
|
81
-2%
|
88
+8%
|
107
+22%
|
106
-1%
|
126
+19%
|
114
-9%
|
159
+40%
|
160
+1%
|
154
-4%
|
148
-4%
|
78
-47%
|
79
+0%
|
74
-5%
|
75
+1%
|
57
-24%
|
55
-3%
|
60
+9%
|
68
+13%
|
113
+66%
|
197
+75%
|
201
+2%
|
178
-11%
|
81
-55%
|
81
0%
|
87
+7%
|
100
+15%
|
120
+21%
|
120
+0%
|
117
-3%
|
119
+2%
|
108
-9%
|
113
+4%
|
120
+7%
|
124
+3%
|
119
-4%
|
120
+1%
|
174
+45%
|
183
+5%
|
183
+0%
|
184
+0%
|
117
-37%
|
124
+6%
|
125
+1%
|
125
0%
|
128
+2%
|
125
-2%
|
122
-2%
|
125
+2%
|
156
+25%
|
173
+11%
|
179
+3%
|
182
+2%
|
190
+5%
|
190
0%
|
182
-4%
|
161
-12%
|
120
-25%
|
82
-32%
|
110
+35%
|
134
+22%
|
148
+10%
|
175
+18%
|
217
+24%
|
234
+8%
|
228
-3%
|
250
+10%
|
|
| EPS (Diluted) |
0.08
N/A
|
0.06
-25%
|
0.08
+33%
|
0.09
+12%
|
0.22
+144%
|
0.23
+5%
|
0.25
+9%
|
0.28
+12%
|
0.32
+14%
|
0.32
N/A
|
0.34
+6%
|
0.39
+15%
|
0.35
-10%
|
0.36
+3%
|
0.36
N/A
|
0.39
+8%
|
0.47
+21%
|
0.46
-2%
|
0.54
+17%
|
0.49
-9%
|
0.71
+45%
|
0.72
+1%
|
0.71
-1%
|
0.69
-3%
|
0.36
-48%
|
0.37
+3%
|
0.35
-5%
|
0.35
N/A
|
0.26
-26%
|
0.25
-4%
|
0.27
+8%
|
0.31
+15%
|
0.52
+68%
|
0.91
+75%
|
0.93
+2%
|
0.82
-12%
|
0.37
-55%
|
0.37
N/A
|
0.39
+5%
|
0.45
+15%
|
0.55
+22%
|
0.55
N/A
|
0.54
-2%
|
0.55
+2%
|
0.49
-11%
|
0.52
+6%
|
0.55
+6%
|
0.57
+4%
|
0.54
-5%
|
0.54
N/A
|
0.79
+46%
|
0.83
+5%
|
0.84
+1%
|
0.85
+1%
|
0.54
-36%
|
0.57
+6%
|
0.57
N/A
|
0.57
N/A
|
0.58
+2%
|
0.57
-2%
|
0.56
-2%
|
0.57
+2%
|
0.71
+25%
|
0.79
+11%
|
0.81
+3%
|
0.82
+1%
|
0.86
+5%
|
0.86
N/A
|
0.82
-5%
|
0.73
-11%
|
0.54
-26%
|
0.37
-31%
|
0.5
+35%
|
0.61
+22%
|
0.67
+10%
|
0.79
+18%
|
0.98
+24%
|
1.06
+8%
|
1.03
-3%
|
1.13
+10%
|
|