PEC Ltd
SGX:IX2
Income Statement
Earnings Waterfall
PEC Ltd
Income Statement
PEC Ltd
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
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
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
|
| Revenue |
441
N/A
|
436
-1%
|
434
-1%
|
469
+8%
|
467
0%
|
468
+0%
|
472
+1%
|
430
-9%
|
407
-5%
|
409
+0%
|
429
+5%
|
448
+4%
|
487
+9%
|
498
+2%
|
512
+3%
|
539
+5%
|
545
+1%
|
531
-2%
|
501
-6%
|
474
-6%
|
440
-7%
|
453
+3%
|
471
+4%
|
463
-2%
|
500
+8%
|
551
+10%
|
571
+4%
|
591
+3%
|
575
-3%
|
496
-14%
|
462
-7%
|
455
-1%
|
419
-8%
|
417
0%
|
369
-12%
|
352
-5%
|
331
-6%
|
343
+4%
|
380
+11%
|
373
-2%
|
393
+5%
|
446
+14%
|
631
+41%
|
495
-22%
|
378
-24%
|
379
+0%
|
399
+5%
|
428
+7%
|
424
-1%
|
431
+2%
|
527
+22%
|
491
-7%
|
391
-20%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(349)
|
(345)
|
(341)
|
(355)
|
(344)
|
(342)
|
(343)
|
(318)
|
(294)
|
(303)
|
(326)
|
(355)
|
(397)
|
(401)
|
(422)
|
(445)
|
(458)
|
(446)
|
(411)
|
(383)
|
(343)
|
(356)
|
(375)
|
(374)
|
(407)
|
(456)
|
(479)
|
(487)
|
(469)
|
(398)
|
(365)
|
(367)
|
(335)
|
(331)
|
(283)
|
(264)
|
(246)
|
(257)
|
(289)
|
(284)
|
(306)
|
(357)
|
(515)
|
(411)
|
(304)
|
(292)
|
(311)
|
(303)
|
(297)
|
(345)
|
(429)
|
(376)
|
(287)
|
|
| Gross Profit |
91
N/A
|
91
0%
|
93
+2%
|
114
+23%
|
123
+8%
|
126
+2%
|
128
+2%
|
111
-13%
|
113
+2%
|
105
-7%
|
103
-2%
|
93
-10%
|
90
-3%
|
96
+7%
|
90
-6%
|
94
+5%
|
87
-8%
|
86
-2%
|
90
+5%
|
91
+1%
|
97
+6%
|
97
+1%
|
97
-1%
|
89
-8%
|
93
+5%
|
95
+2%
|
92
-3%
|
104
+13%
|
106
+2%
|
98
-8%
|
97
0%
|
88
-9%
|
84
-5%
|
86
+3%
|
85
-1%
|
88
+3%
|
84
-4%
|
86
+2%
|
91
+6%
|
89
-2%
|
87
-3%
|
90
+3%
|
117
+30%
|
84
-28%
|
74
-12%
|
87
+18%
|
88
+1%
|
125
+41%
|
126
+1%
|
86
-32%
|
98
+14%
|
115
+17%
|
104
-10%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(61)
|
(59)
|
(58)
|
(63)
|
(67)
|
(65)
|
(67)
|
(62)
|
(64)
|
(63)
|
(61)
|
(63)
|
(82)
|
(80)
|
(77)
|
(81)
|
(80)
|
(73)
|
(77)
|
(79)
|
(85)
|
(85)
|
(85)
|
(82)
|
(101)
|
(101)
|
(92)
|
(95)
|
(88)
|
(73)
|
(75)
|
(69)
|
(70)
|
(70)
|
(72)
|
(75)
|
(74)
|
(72)
|
(74)
|
(72)
|
(75)
|
(75)
|
(97)
|
(92)
|
(84)
|
(72)
|
(65)
|
(99)
|
(74)
|
(76)
|
(87)
|
(92)
|
(79)
|
|
| Selling, General & Administrative |
(24)
|
(24)
|
(24)
|
(27)
|
(30)
|
(31)
|
(32)
|
(29)
|
(29)
|
(28)
|
(28)
|
(26)
|
(26)
|
(28)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(30)
|
(30)
|
(31)
|
(30)
|
(28)
|
(27)
|
(26)
|
(28)
|
(28)
|
(31)
|
(30)
|
(30)
|
(30)
|
(28)
|
(28)
|
(26)
|
(27)
|
(34)
|
(31)
|
(31)
|
(30)
|
(30)
|
(29)
|
(38)
|
(45)
|
(26)
|
(26)
|
(32)
|
(60)
|
(34)
|
(25)
|
(32)
|
(36)
|
(35)
|
|
| Depreciation & Amortization |
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
|
(13)
|
0
|
(3)
|
(6)
|
(12)
|
(12)
|
0
|
(15)
|
0
|
(14)
|
0
|
(14)
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(37)
|
(36)
|
(34)
|
(37)
|
(37)
|
(34)
|
(34)
|
(32)
|
(35)
|
(34)
|
(33)
|
(36)
|
(56)
|
(53)
|
(50)
|
(53)
|
(51)
|
(45)
|
(47)
|
(49)
|
(55)
|
(54)
|
(55)
|
(54)
|
(74)
|
(74)
|
(64)
|
(67)
|
(57)
|
(43)
|
(46)
|
(39)
|
(42)
|
(42)
|
(46)
|
(48)
|
(27)
|
(41)
|
(40)
|
(36)
|
(33)
|
(34)
|
(60)
|
(32)
|
(59)
|
(32)
|
(33)
|
(25)
|
(40)
|
(51)
|
(55)
|
(55)
|
(45)
|
|
| Operating Income |
31
N/A
|
32
+4%
|
35
+9%
|
50
+45%
|
57
+12%
|
61
+8%
|
62
+2%
|
50
-19%
|
49
-1%
|
43
-13%
|
42
-2%
|
31
-27%
|
8
-73%
|
16
+92%
|
13
-19%
|
14
+4%
|
7
-46%
|
13
+69%
|
13
+6%
|
12
-11%
|
11
-6%
|
13
+14%
|
12
-6%
|
7
-44%
|
(8)
N/A
|
(6)
+31%
|
1
N/A
|
9
+1 243%
|
18
+95%
|
25
+35%
|
22
-12%
|
19
-14%
|
14
-27%
|
16
+19%
|
13
-23%
|
13
-1%
|
11
-16%
|
14
+32%
|
17
+24%
|
17
-1%
|
12
-28%
|
15
+25%
|
19
+26%
|
(8)
N/A
|
(10)
-31%
|
15
N/A
|
23
+53%
|
26
+11%
|
53
+103%
|
10
-81%
|
11
+16%
|
23
+105%
|
25
+5%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
1
|
1
|
1
|
0
|
0
|
(1)
|
(6)
|
(8)
|
(14)
|
(13)
|
7
|
0
|
0
|
(0)
|
1
|
(1)
|
(1)
|
0
|
2
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
1
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
0
|
(0)
|
1
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
(0)
|
(1)
|
1
|
(2)
|
1
|
(2)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
(0)
|
(0)
|
(0)
|
1
|
0
|
0
|
(1)
|
0
|
11
|
4
|
2
|
(27)
|
1
|
5
|
1
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(2)
|
0
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
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
|
|
| Pre-Tax Income |
30
N/A
|
31
+4%
|
35
+12%
|
51
+44%
|
57
+12%
|
61
+7%
|
62
+1%
|
50
-20%
|
44
-12%
|
35
-21%
|
28
-20%
|
17
-38%
|
16
-10%
|
16
+4%
|
14
-17%
|
13
-1%
|
14
+3%
|
12
-14%
|
12
+4%
|
12
-2%
|
13
+10%
|
14
+2%
|
13
-4%
|
7
-44%
|
(7)
N/A
|
(6)
+16%
|
(0)
+97%
|
8
N/A
|
28
+237%
|
24
-13%
|
22
-12%
|
19
-13%
|
15
-18%
|
16
+7%
|
13
-21%
|
13
-2%
|
13
+6%
|
14
+2%
|
16
+18%
|
16
-2%
|
13
-18%
|
15
+17%
|
20
+30%
|
(8)
N/A
|
(10)
-31%
|
26
N/A
|
27
+6%
|
27
+0%
|
25
-9%
|
11
-54%
|
14
+25%
|
25
+78%
|
23
-11%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(6)
|
(6)
|
(6)
|
(9)
|
(9)
|
(10)
|
(10)
|
(7)
|
(9)
|
(8)
|
(7)
|
(6)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
2
|
2
|
1
|
(1)
|
(6)
|
(5)
|
(4)
|
(3)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(2)
|
(1)
|
(10)
|
(11)
|
(3)
|
(3)
|
(7)
|
(7)
|
|
| Income from Continuing Operations |
25
|
26
|
29
|
42
|
48
|
51
|
52
|
42
|
35
|
27
|
20
|
11
|
13
|
14
|
13
|
13
|
13
|
11
|
11
|
10
|
10
|
11
|
11
|
7
|
(5)
|
(4)
|
1
|
7
|
22
|
19
|
17
|
16
|
14
|
15
|
11
|
10
|
11
|
11
|
13
|
12
|
10
|
11
|
15
|
(13)
|
(16)
|
24
|
26
|
17
|
14
|
8
|
11
|
19
|
15
|
|
| Income to Minority Interest |
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(5)
|
(4)
|
(4)
|
(3)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
0
|
(1)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(2)
|
(0)
|
1
|
2
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
0
|
1
|
(1)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(3)
|
(2)
|
|
| Net Income (Common) |
21
N/A
|
23
+9%
|
26
+16%
|
39
+49%
|
45
+14%
|
46
+4%
|
47
+2%
|
38
-19%
|
32
-16%
|
26
-20%
|
19
-28%
|
10
-44%
|
11
+10%
|
12
+8%
|
12
-4%
|
12
N/A
|
12
+4%
|
11
-7%
|
11
-8%
|
11
N/A
|
9
-13%
|
9
-3%
|
9
+2%
|
5
-49%
|
(7)
N/A
|
(6)
+13%
|
(3)
+43%
|
3
N/A
|
19
+569%
|
17
-9%
|
17
-2%
|
17
N/A
|
16
-6%
|
15
-3%
|
13
-18%
|
10
-24%
|
9
-1%
|
10
+5%
|
11
+14%
|
12
+3%
|
8
-29%
|
10
+20%
|
13
+32%
|
(13)
N/A
|
(15)
-19%
|
22
N/A
|
24
+6%
|
14
-40%
|
12
-15%
|
7
-44%
|
9
+35%
|
16
+76%
|
14
-15%
|
|
| EPS (Diluted) |
0.12
N/A
|
0.11
-8%
|
0.12
+9%
|
0.17
+42%
|
0.18
+6%
|
0.2
+11%
|
0.2
N/A
|
0.16
-20%
|
0.13
-19%
|
0.1
-23%
|
0.07
-30%
|
0.04
-43%
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.04
-20%
|
0.04
N/A
|
0.03
-25%
|
0.03
N/A
|
0.02
-33%
|
-0.03
N/A
|
-0.02
+33%
|
-0.01
+50%
|
0.01
N/A
|
0.07
+600%
|
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.06
-14%
|
0.06
N/A
|
0.05
-17%
|
0.04
-20%
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.03
-40%
|
0.04
+33%
|
0.05
+25%
|
-0.05
N/A
|
-0.06
-20%
|
0.09
N/A
|
0.09
N/A
|
0.06
-33%
|
0.05
-17%
|
0.03
-40%
|
0.04
+33%
|
0.06
+50%
|
0.05
-17%
|
|