Raffles Infrastructure Holdings Ltd
SGX:LUY
Income Statement
Earnings Waterfall
Raffles Infrastructure Holdings Ltd
Income Statement
Raffles Infrastructure Holdings Ltd
| 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 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
3
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
1
|
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
|
0
|
0
|
0
|
0
|
|
| Revenue |
52
N/A
|
58
+13%
|
67
+15%
|
75
+12%
|
72
-4%
|
71
-2%
|
68
-4%
|
66
-3%
|
66
0%
|
66
0%
|
66
+0%
|
64
-2%
|
60
-7%
|
48
-19%
|
37
-22%
|
25
-33%
|
29
+15%
|
28
-1%
|
26
-7%
|
27
+2%
|
20
-25%
|
11
-46%
|
5
-52%
|
34
+550%
|
187
+454%
|
185
-2%
|
374
+103%
|
340
-9%
|
373
+9%
|
188
-50%
|
392
+108%
|
411
+5%
|
223
-46%
|
25
-89%
|
25
N/A
|
32
+26%
|
36
+13%
|
35
-4%
|
69
+100%
|
50
-28%
|
52
+4%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(44)
|
(47)
|
(51)
|
(65)
|
(64)
|
(64)
|
(62)
|
(57)
|
(56)
|
(54)
|
(54)
|
(52)
|
(49)
|
(40)
|
(32)
|
(22)
|
(25)
|
(25)
|
(23)
|
(24)
|
(19)
|
(10)
|
(5)
|
(21)
|
(124)
|
(139)
|
(265)
|
(244)
|
(274)
|
(144)
|
(291)
|
(305)
|
(169)
|
(18)
|
(18)
|
(24)
|
(26)
|
(25)
|
(50)
|
(35)
|
(36)
|
|
| Gross Profit |
7
N/A
|
11
+53%
|
15
+36%
|
10
-33%
|
9
-16%
|
7
-20%
|
6
-16%
|
9
+49%
|
10
+11%
|
11
+16%
|
12
+6%
|
12
-1%
|
11
-7%
|
8
-27%
|
5
-35%
|
3
-46%
|
4
+35%
|
4
-8%
|
3
-19%
|
3
+3%
|
1
-60%
|
1
-50%
|
1
-17%
|
13
+2 442%
|
64
+400%
|
45
-28%
|
109
+140%
|
96
-12%
|
98
+2%
|
44
-55%
|
101
+129%
|
106
+5%
|
53
-50%
|
7
-87%
|
7
N/A
|
8
+20%
|
10
+20%
|
10
-2%
|
19
+97%
|
15
-20%
|
16
+6%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(16)
|
(16)
|
(15)
|
(6)
|
(4)
|
(5)
|
(5)
|
(32)
|
3
|
4
|
6
|
(478)
|
(474)
|
(474)
|
(941)
|
(7)
|
(6)
|
(7)
|
460
|
(5)
|
(5)
|
(4)
|
(22)
|
(24)
|
(25)
|
(32)
|
(24)
|
(21)
|
(20)
|
(3)
|
(6)
|
(2)
|
(3)
|
(2)
|
(1)
|
(2)
|
1
|
4
|
2
|
1
|
(7)
|
|
| Selling, General & Administrative |
(11)
|
(11)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(12)
|
(12)
|
(11)
|
(10)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(7)
|
(13)
|
(21)
|
(21)
|
(21)
|
(9)
|
(15)
|
(16)
|
(18)
|
(10)
|
(11)
|
(10)
|
(7)
|
(7)
|
(8)
|
(10)
|
(16)
|
|
| Other Operating Expenses |
(5)
|
(4)
|
(5)
|
3
|
5
|
4
|
4
|
(20)
|
15
|
15
|
16
|
(472)
|
(468)
|
(469)
|
(936)
|
(2)
|
(1)
|
(1)
|
465
|
(0)
|
0
|
0
|
(16)
|
(19)
|
(19)
|
(19)
|
(2)
|
0
|
1
|
6
|
9
|
14
|
15
|
8
|
10
|
8
|
9
|
11
|
11
|
11
|
10
|
|
| Operating Income |
(8)
N/A
|
(5)
+44%
|
0
N/A
|
5
+2 300%
|
5
-4%
|
2
-50%
|
1
-74%
|
(23)
N/A
|
13
N/A
|
15
+21%
|
18
+16%
|
(466)
N/A
|
(463)
+1%
|
(466)
-1%
|
(936)
-101%
|
(5)
+100%
|
(2)
+52%
|
(3)
-32%
|
463
N/A
|
(2)
N/A
|
(4)
-77%
|
(3)
+13%
|
(21)
-520%
|
(11)
+47%
|
38
N/A
|
13
-65%
|
85
+541%
|
76
-11%
|
78
+4%
|
41
-48%
|
95
+132%
|
104
+10%
|
50
-52%
|
5
-90%
|
6
+17%
|
6
+6%
|
11
+81%
|
13
+20%
|
22
+61%
|
16
-25%
|
10
-41%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
33
|
(1)
|
(1)
|
(1)
|
2
|
(1)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
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
|
19
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
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
|
|
| Pre-Tax Income |
(10)
N/A
|
(7)
+28%
|
(3)
+56%
|
3
N/A
|
2
-47%
|
0
N/A
|
(1)
N/A
|
10
N/A
|
12
+21%
|
14
+22%
|
17
+17%
|
(464)
N/A
|
(464)
0%
|
(467)
-1%
|
(937)
-100%
|
(4)
+100%
|
(3)
+10%
|
(4)
-19%
|
462
N/A
|
(3)
N/A
|
(5)
-53%
|
(4)
+21%
|
(21)
-457%
|
(11)
+47%
|
38
N/A
|
32
-17%
|
85
+167%
|
76
-11%
|
78
+4%
|
41
-48%
|
95
+132%
|
104
+10%
|
50
-52%
|
5
-90%
|
6
+17%
|
6
+6%
|
11
+81%
|
13
+20%
|
21
+61%
|
16
-25%
|
10
-41%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(8)
|
(8)
|
(8)
|
(8)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(3)
|
(16)
|
(11)
|
(26)
|
(23)
|
(24)
|
(12)
|
(26)
|
(27)
|
(14)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(3)
|
(3)
|
|
| Income from Continuing Operations |
(10)
|
(8)
|
(4)
|
2
|
0
|
(1)
|
(2)
|
2
|
4
|
7
|
9
|
(464)
|
(465)
|
(468)
|
(937)
|
(4)
|
(3)
|
(4)
|
462
|
(3)
|
(5)
|
(4)
|
(21)
|
(14)
|
23
|
21
|
59
|
52
|
55
|
29
|
68
|
77
|
36
|
4
|
5
|
5
|
10
|
12
|
18
|
13
|
7
|
|
| 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
|
(1)
|
(4)
|
(4)
|
(8)
|
(8)
|
(8)
|
(3)
|
(7)
|
(9)
|
(5)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
|
| Net Income (Common) |
(10)
N/A
|
(8)
+22%
|
(4)
+46%
|
2
N/A
|
0
-82%
|
(1)
N/A
|
(2)
-143%
|
2
N/A
|
4
+97%
|
7
+67%
|
9
+35%
|
(464)
N/A
|
(465)
0%
|
(468)
-1%
|
(937)
-100%
|
(4)
+100%
|
(3)
+11%
|
(4)
-19%
|
462
N/A
|
(3)
N/A
|
(5)
-53%
|
(4)
+21%
|
(21)
-457%
|
(14)
+32%
|
37
N/A
|
17
-53%
|
69
+299%
|
45
-35%
|
47
+5%
|
25
-46%
|
61
+140%
|
68
+11%
|
32
-53%
|
3
-90%
|
4
+21%
|
5
+42%
|
9
+72%
|
10
+17%
|
16
+55%
|
12
-25%
|
6
-50%
|
|
| EPS (Diluted) |
-0.57
N/A
|
-0.45
+21%
|
-0.25
+44%
|
0.1
N/A
|
0.01
-90%
|
-0.04
N/A
|
-0.09
-125%
|
0.11
N/A
|
0.22
+100%
|
0.55
+150%
|
0.48
-13%
|
-25.87
N/A
|
-25.83
+0%
|
-26.02
-1%
|
-52.05
-100%
|
-0.2
+100%
|
-0.17
+15%
|
-0.2
-18%
|
25.66
N/A
|
-0.17
N/A
|
-0.26
-53%
|
-0.2
+23%
|
-0.31
-55%
|
-0.22
+29%
|
0.54
N/A
|
0.4
-26%
|
1.01
+153%
|
0.65
-36%
|
0.69
+6%
|
0.37
-46%
|
0.9
+143%
|
1
+11%
|
0.46
-54%
|
0.04
-91%
|
0.05
+25%
|
0.08
+60%
|
0.13
+63%
|
0.15
+15%
|
0.24
+60%
|
0.18
-25%
|
0.09
-50%
|
|