CDL Hospitality Trusts
SGX:J85
Income Statement
Earnings Waterfall
CDL Hospitality Trusts
Revenue
|
257.6m
SGD
|
Cost of Revenue
|
-134.1m
SGD
|
Gross Profit
|
123.5m
SGD
|
Operating Expenses
|
-27.2m
SGD
|
Operating Income
|
96.3m
SGD
|
Other Expenses
|
26.9m
SGD
|
Net Income
|
123.2m
SGD
|
Income Statement
CDL Hospitality Trusts
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
141
N/A
|
147
+4%
|
149
+1%
|
149
0%
|
150
+0%
|
149
0%
|
148
-1%
|
148
0%
|
149
+1%
|
155
+4%
|
157
+1%
|
161
+3%
|
167
+4%
|
165
-1%
|
166
+1%
|
167
+1%
|
172
+3%
|
175
+1%
|
178
+2%
|
183
+2%
|
181
-1%
|
183
+1%
|
188
+3%
|
197
+5%
|
204
+3%
|
210
+3%
|
210
0%
|
205
-2%
|
202
-1%
|
196
-3%
|
196
0%
|
195
0%
|
197
+1%
|
155
-21%
|
118
-24%
|
132
+12%
|
158
+20%
|
190
+21%
|
229
+21%
|
250
+9%
|
258
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(18)
|
(17)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(26)
|
(30)
|
(32)
|
(35)
|
(35)
|
(35)
|
(36)
|
(41)
|
(43)
|
(45)
|
(47)
|
(46)
|
(48)
|
(53)
|
(59)
|
(67)
|
(70)
|
(71)
|
(71)
|
(70)
|
(69)
|
(68)
|
(68)
|
(70)
|
(65)
|
(60)
|
(65)
|
(83)
|
(103)
|
(119)
|
(129)
|
(134)
|
|
Gross Profit |
123
N/A
|
130
+6%
|
131
+0%
|
130
0%
|
130
+0%
|
129
-1%
|
128
-1%
|
127
0%
|
128
+1%
|
129
+1%
|
127
-1%
|
129
+2%
|
132
+2%
|
130
-1%
|
131
+1%
|
131
0%
|
132
+1%
|
132
+0%
|
133
+0%
|
135
+2%
|
135
0%
|
134
0%
|
135
+1%
|
138
+2%
|
138
0%
|
140
+1%
|
138
-1%
|
134
-3%
|
132
-2%
|
128
-3%
|
128
0%
|
127
-1%
|
127
0%
|
90
-29%
|
58
-36%
|
66
+15%
|
75
+13%
|
87
+16%
|
110
+26%
|
121
+10%
|
124
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3)
|
69
|
67
|
56
|
(5)
|
2
|
6
|
6
|
(5)
|
(5)
|
(6)
|
(8)
|
(10)
|
(11)
|
(11)
|
(14)
|
(28)
|
(29)
|
(32)
|
(32)
|
(30)
|
(28)
|
(34)
|
(32)
|
(15)
|
(35)
|
(28)
|
(28)
|
(16)
|
(20)
|
(20)
|
(21)
|
(22)
|
(39)
|
(25)
|
(79)
|
(25)
|
(14)
|
(26)
|
(12)
|
(27)
|
|
Selling, General & Administrative |
0
|
(2)
|
(4)
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(15)
|
(16)
|
(17)
|
(18)
|
(17)
|
(17)
|
(24)
|
(24)
|
(10)
|
(18)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(16)
|
(20)
|
(21)
|
(23)
|
(21)
|
(21)
|
(22)
|
|
Other Operating Expenses |
(3)
|
71
|
71
|
56
|
(5)
|
5
|
10
|
6
|
(5)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(11)
|
(10)
|
(7)
|
(5)
|
(16)
|
(16)
|
(16)
|
(5)
|
(8)
|
(8)
|
(9)
|
(10)
|
(27)
|
(8)
|
(58)
|
(4)
|
9
|
(5)
|
9
|
(5)
|
|
Operating Income |
121
N/A
|
199
+65%
|
198
-1%
|
186
-6%
|
125
-33%
|
131
+5%
|
134
+2%
|
134
-1%
|
123
-8%
|
124
+0%
|
121
-2%
|
121
0%
|
123
+1%
|
120
-2%
|
120
+0%
|
117
-3%
|
104
-11%
|
103
-1%
|
101
-2%
|
103
+2%
|
105
+2%
|
106
+1%
|
102
-5%
|
106
+5%
|
122
+15%
|
105
-14%
|
111
+5%
|
106
-4%
|
116
+9%
|
108
-7%
|
108
0%
|
106
-1%
|
105
-1%
|
51
-51%
|
33
-35%
|
(12)
N/A
|
50
N/A
|
73
+48%
|
84
+15%
|
109
+30%
|
96
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(13)
|
(13)
|
(15)
|
(4)
|
(12)
|
(7)
|
(12)
|
(12)
|
20
|
20
|
21
|
19
|
1
|
1
|
(1)
|
(1)
|
(52)
|
(55)
|
(54)
|
(56)
|
(54)
|
(59)
|
(59)
|
(59)
|
37
|
47
|
46
|
47
|
14
|
9
|
7
|
3
|
38
|
37
|
(166)
|
(160)
|
9
|
22
|
126
|
93
|
45
|
|
Non-Reccuring Items |
73
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(17)
|
0
|
(52)
|
0
|
13
|
0
|
13
|
0
|
1
|
|
Total Other Income |
0
|
0
|
0
|
(0)
|
(4)
|
(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)
|
|
Pre-Tax Income |
181
N/A
|
186
+3%
|
183
-2%
|
183
0%
|
125
-32%
|
124
0%
|
122
-2%
|
121
-1%
|
143
+18%
|
143
0%
|
142
-1%
|
141
-1%
|
124
-12%
|
121
-3%
|
119
-2%
|
116
-2%
|
52
-56%
|
48
-7%
|
46
-3%
|
47
+2%
|
50
+6%
|
47
-6%
|
43
-10%
|
47
+11%
|
141
+199%
|
152
+8%
|
157
+3%
|
153
-2%
|
126
-18%
|
117
-8%
|
114
-2%
|
109
-4%
|
126
+15%
|
88
-30%
|
(185)
N/A
|
(173)
+7%
|
72
N/A
|
95
+32%
|
223
+135%
|
201
-10%
|
142
-30%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(12)
|
(13)
|
(13)
|
(13)
|
(16)
|
(16)
|
(18)
|
(20)
|
(11)
|
(8)
|
(4)
|
(4)
|
(4)
|
(2)
|
(8)
|
(10)
|
(18)
|
|
Income from Continuing Operations |
176
|
182
|
179
|
178
|
122
|
122
|
120
|
119
|
140
|
140
|
139
|
137
|
123
|
119
|
116
|
113
|
51
|
46
|
45
|
47
|
49
|
46
|
41
|
44
|
129
|
140
|
144
|
140
|
111
|
101
|
96
|
90
|
114
|
79
|
(189)
|
(177)
|
68
|
92
|
215
|
191
|
124
|
|
Income to Minority Interest |
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)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(1)
|
|
Net Income (Common) |
176
N/A
|
182
+3%
|
179
-2%
|
178
0%
|
122
-31%
|
122
0%
|
120
-2%
|
119
-1%
|
140
+18%
|
140
0%
|
139
-1%
|
137
-1%
|
123
-11%
|
119
-2%
|
116
-3%
|
113
-2%
|
51
-55%
|
46
-9%
|
45
-2%
|
47
+3%
|
49
+6%
|
46
-7%
|
41
-11%
|
44
+8%
|
129
+192%
|
139
+8%
|
144
+3%
|
140
-2%
|
110
-21%
|
100
-9%
|
95
-5%
|
89
-6%
|
113
+27%
|
78
-31%
|
(188)
N/A
|
(176)
+6%
|
68
N/A
|
92
+36%
|
215
+133%
|
191
-11%
|
123
-36%
|
|
EPS (Diluted) |
0.18
N/A
|
0.19
+6%
|
0.19
N/A
|
0.19
N/A
|
0.13
-32%
|
0.13
N/A
|
0.12
-8%
|
0.12
N/A
|
0.14
+17%
|
0.14
N/A
|
0.14
N/A
|
0.13
-7%
|
0.12
-8%
|
0.11
-8%
|
0.11
N/A
|
0.11
N/A
|
0.05
-55%
|
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
|
0.12
+200%
|
0.11
-8%
|
0.11
N/A
|
0.11
N/A
|
0.09
-18%
|
0.08
-11%
|
0.08
N/A
|
0.07
-13%
|
0.09
+29%
|
0.06
-33%
|
-0.15
N/A
|
-0.14
+7%
|
0.06
N/A
|
0.07
+17%
|
0.17
+143%
|
0.15
-12%
|
0.1
-33%
|