MTQ Corporation Ltd
SGX:M05
Income Statement
Earnings Waterfall
MTQ Corporation Ltd
Revenue
|
86.6m
SGD
|
Cost of Revenue
|
-68.6m
SGD
|
Gross Profit
|
18m
SGD
|
Operating Expenses
|
-12.8m
SGD
|
Operating Income
|
5.3m
SGD
|
Other Expenses
|
4.3m
SGD
|
Net Income
|
9.6m
SGD
|
Income Statement
MTQ Corporation Ltd
Sep-2011 | 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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
63
N/A
|
77
+22%
|
79
+3%
|
115
+47%
|
209
+81%
|
265
+27%
|
290
+9%
|
328
+13%
|
313
-5%
|
296
-6%
|
311
+5%
|
311
0%
|
296
-5%
|
268
-9%
|
234
-13%
|
203
-13%
|
179
-12%
|
164
-8%
|
143
-13%
|
130
-9%
|
130
+1%
|
126
-3%
|
132
+5%
|
129
-2%
|
112
-13%
|
106
-6%
|
86
-19%
|
70
-18%
|
48
-32%
|
52
+9%
|
76
+45%
|
84
+11%
|
74
-11%
|
66
-11%
|
49
-26%
|
48
-2%
|
62
+28%
|
52
-15%
|
76
+45%
|
84
+11%
|
87
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(49)
|
(59)
|
(60)
|
(88)
|
(163)
|
(211)
|
(231)
|
(265)
|
(255)
|
(238)
|
(254)
|
(257)
|
(249)
|
(232)
|
(208)
|
(185)
|
(168)
|
(155)
|
(139)
|
(130)
|
(131)
|
(128)
|
(134)
|
(130)
|
(115)
|
(108)
|
(86)
|
(69)
|
(44)
|
(46)
|
(65)
|
(70)
|
(60)
|
(54)
|
(45)
|
(44)
|
(54)
|
(46)
|
(63)
|
(67)
|
(69)
|
|
Gross Profit |
14
N/A
|
18
+32%
|
18
+2%
|
27
+50%
|
46
+69%
|
53
+16%
|
58
+9%
|
64
+9%
|
58
-9%
|
57
-1%
|
57
+0%
|
53
-7%
|
46
-13%
|
36
-22%
|
26
-29%
|
18
-30%
|
11
-40%
|
9
-19%
|
3
-64%
|
(0)
N/A
|
(0)
+10%
|
(2)
-558%
|
(1)
+18%
|
(1)
+16%
|
(3)
-123%
|
(3)
+6%
|
(0)
+88%
|
1
N/A
|
4
+185%
|
6
+44%
|
10
+82%
|
14
+33%
|
14
+3%
|
12
-16%
|
4
-67%
|
4
+1%
|
8
+92%
|
6
-18%
|
13
+102%
|
17
+36%
|
18
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(7)
|
(7)
|
(7)
|
(11)
|
(20)
|
(24)
|
(27)
|
(30)
|
(26)
|
(27)
|
(27)
|
(29)
|
(29)
|
(34)
|
(30)
|
(27)
|
(18)
|
(30)
|
(31)
|
(31)
|
(19)
|
(18)
|
(17)
|
(17)
|
(15)
|
(20)
|
(19)
|
(17)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(9)
|
(9)
|
(16)
|
(5)
|
(10)
|
(12)
|
(13)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(7)
|
(6)
|
(7)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(4)
|
(5)
|
(4)
|
(4)
|
(6)
|
(7)
|
(8)
|
(9)
|
(7)
|
(6)
|
(5)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Other Operating Expenses |
(6)
|
(6)
|
(6)
|
(8)
|
(14)
|
(16)
|
(18)
|
(20)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(25)
|
(22)
|
(19)
|
(12)
|
(24)
|
(25)
|
(25)
|
(11)
|
(10)
|
(8)
|
(7)
|
(6)
|
(12)
|
(12)
|
(12)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(8)
|
(7)
|
(14)
|
(4)
|
(8)
|
(9)
|
(10)
|
|
Operating Income |
7
N/A
|
11
+56%
|
11
+6%
|
17
+46%
|
26
+57%
|
29
+11%
|
31
+4%
|
34
+10%
|
33
-4%
|
30
-6%
|
30
-1%
|
24
-19%
|
17
-29%
|
2
-87%
|
(5)
N/A
|
(9)
-97%
|
(7)
+19%
|
(22)
-195%
|
(28)
-28%
|
(31)
-11%
|
(19)
+38%
|
(20)
-3%
|
(19)
+6%
|
(18)
+2%
|
(18)
+3%
|
(23)
-31%
|
(19)
+18%
|
(15)
+20%
|
(2)
+87%
|
(0)
+94%
|
3
N/A
|
7
+123%
|
8
+22%
|
6
-24%
|
(5)
N/A
|
(5)
+6%
|
(8)
-70%
|
1
N/A
|
3
+174%
|
5
+84%
|
5
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(0)
|
0
|
(6)
|
(6)
|
(7)
|
(8)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
1
|
1
|
1
|
0
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(7)
|
(1)
|
(1)
|
(1)
|
(14)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
(2)
|
(3)
|
0
|
1
|
1
|
0
|
7
|
|
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
|
|
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 |
6
N/A
|
11
+78%
|
12
+12%
|
12
0%
|
21
+73%
|
23
+11%
|
24
+3%
|
32
+34%
|
30
-4%
|
28
-9%
|
27
-2%
|
22
-18%
|
9
-58%
|
1
-92%
|
(7)
N/A
|
(12)
-68%
|
(24)
-109%
|
(25)
-2%
|
(30)
-19%
|
(33)
-11%
|
(21)
+37%
|
(21)
-3%
|
(20)
+4%
|
(20)
+2%
|
(25)
-23%
|
(25)
-1%
|
(20)
+18%
|
(17)
+18%
|
(3)
+81%
|
(1)
+68%
|
2
N/A
|
6
+175%
|
8
+28%
|
8
+0%
|
(8)
N/A
|
(9)
-17%
|
(9)
+2%
|
1
N/A
|
2
+68%
|
4
+66%
|
10
+144%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(2)
|
(1)
|
1
|
4
|
4
|
4
|
4
|
1
|
1
|
1
|
1
|
(5)
|
(6)
|
(6)
|
(6)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
4
|
9
|
10
|
9
|
17
|
19
|
19
|
27
|
25
|
22
|
22
|
17
|
5
|
(2)
|
(8)
|
(11)
|
(21)
|
(21)
|
(26)
|
(29)
|
(19)
|
(20)
|
(19)
|
(19)
|
(30)
|
(30)
|
(26)
|
(23)
|
(3)
|
(1)
|
1
|
5
|
7
|
7
|
(8)
|
(9)
|
(9)
|
1
|
2
|
4
|
10
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
0
|
(1)
|
1
|
1
|
0
|
2
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
|
Net Income (Common) |
4
N/A
|
9
+102%
|
10
+10%
|
9
-10%
|
15
+76%
|
17
+12%
|
18
+3%
|
25
+42%
|
24
-3%
|
22
-11%
|
21
-1%
|
17
-20%
|
5
-71%
|
(2)
N/A
|
(7)
-355%
|
(10)
-40%
|
(18)
-78%
|
(18)
+1%
|
(22)
-21%
|
(25)
-14%
|
(15)
+40%
|
(16)
-5%
|
(16)
-2%
|
(16)
+1%
|
(27)
-71%
|
(28)
-2%
|
(25)
+9%
|
(22)
+14%
|
(5)
+76%
|
(1)
+82%
|
4
N/A
|
4
+18%
|
4
+3%
|
4
-1%
|
(8)
N/A
|
(9)
-20%
|
(9)
+1%
|
1
N/A
|
2
+50%
|
4
+88%
|
10
+157%
|
|
EPS (Diluted) |
0.03
N/A
|
0.06
+100%
|
0.06
N/A
|
0.05
-17%
|
0.09
+80%
|
0.09
N/A
|
0.09
N/A
|
0.14
+56%
|
0.14
N/A
|
0.12
-14%
|
0.12
N/A
|
0.09
-25%
|
0.03
-67%
|
-0.02
N/A
|
-0.05
-150%
|
-0.07
-40%
|
-0.12
-71%
|
-0.12
N/A
|
-0.12
N/A
|
-0.14
-17%
|
-0.11
+21%
|
-0.11
N/A
|
-0.11
N/A
|
-0.1
+9%
|
-0.18
-80%
|
-0.13
+28%
|
-0.11
+15%
|
-0.1
+9%
|
-0.01
+90%
|
-0.01
N/A
|
0.01
N/A
|
0.03
+200%
|
0.03
N/A
|
0.02
-33%
|
-0.03
N/A
|
-0.04
-33%
|
-0.04
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.04
+100%
|