Pan-United Corporation Ltd
SGX:P52
Income Statement
Earnings Waterfall
Pan-United Corporation Ltd
Revenue
|
774.1m
SGD
|
Cost of Revenue
|
-613.1m
SGD
|
Gross Profit
|
161m
SGD
|
Operating Expenses
|
-114.6m
SGD
|
Operating Income
|
46.4m
SGD
|
Other Expenses
|
-10.1m
SGD
|
Net Income
|
36.3m
SGD
|
Income Statement
Pan-United Corporation Ltd
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 |
513
N/A
|
573
+12%
|
626
+9%
|
674
+8%
|
715
+6%
|
720
+1%
|
728
+1%
|
728
0%
|
727
0%
|
738
+2%
|
737
0%
|
749
+2%
|
763
+2%
|
792
+4%
|
812
+2%
|
825
+2%
|
804
-3%
|
775
-4%
|
743
-4%
|
707
-5%
|
612
-13%
|
564
-8%
|
529
-6%
|
502
-5%
|
629
+25%
|
641
+2%
|
719
+12%
|
793
+10%
|
864
+9%
|
845
-2%
|
837
-1%
|
810
-3%
|
768
-5%
|
552
-28%
|
405
-27%
|
491
+21%
|
586
+19%
|
646
+10%
|
703
+9%
|
725
+3%
|
774
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(380)
|
(431)
|
(476)
|
(515)
|
(551)
|
(552)
|
(558)
|
(556)
|
(557)
|
(569)
|
(567)
|
(579)
|
(593)
|
(620)
|
(641)
|
(656)
|
(669)
|
(621)
|
(591)
|
(557)
|
(513)
|
(481)
|
(466)
|
(455)
|
(532)
|
(585)
|
(658)
|
(727)
|
(755)
|
(742)
|
(732)
|
(705)
|
(635)
|
(452)
|
(320)
|
(384)
|
(478)
|
(531)
|
(571)
|
(592)
|
(613)
|
|
Gross Profit |
132
N/A
|
142
+7%
|
150
+5%
|
159
+6%
|
165
+4%
|
168
+2%
|
170
+1%
|
171
+1%
|
170
-1%
|
169
-1%
|
170
+1%
|
170
N/A
|
170
+0%
|
172
+1%
|
170
-1%
|
169
-1%
|
135
-20%
|
154
+14%
|
152
-1%
|
151
-1%
|
99
-34%
|
83
-16%
|
63
-24%
|
47
-26%
|
98
+110%
|
56
-43%
|
61
+10%
|
65
+6%
|
108
+66%
|
104
-4%
|
105
+2%
|
106
+0%
|
133
+26%
|
100
-25%
|
85
-15%
|
107
+26%
|
108
+0%
|
116
+7%
|
133
+15%
|
133
+0%
|
161
+21%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(80)
|
(89)
|
(91)
|
(95)
|
(96)
|
(98)
|
(104)
|
(105)
|
(103)
|
(104)
|
(103)
|
(106)
|
(117)
|
(121)
|
(123)
|
(125)
|
(88)
|
(107)
|
(105)
|
(101)
|
(86)
|
(80)
|
(72)
|
(69)
|
(89)
|
(70)
|
(76)
|
(77)
|
(97)
|
(88)
|
(82)
|
(78)
|
(102)
|
(81)
|
(82)
|
(95)
|
(83)
|
(86)
|
(102)
|
(99)
|
(115)
|
|
Selling, General & Administrative |
(29)
|
(30)
|
(32)
|
(35)
|
(34)
|
(36)
|
(36)
|
(35)
|
(34)
|
(35)
|
(35)
|
(36)
|
(52)
|
(39)
|
(40)
|
(41)
|
(52)
|
(37)
|
(36)
|
(37)
|
(75)
|
(36)
|
(34)
|
(32)
|
(73)
|
(33)
|
(36)
|
(36)
|
(37)
|
(38)
|
(40)
|
(41)
|
(68)
|
(35)
|
(52)
|
(41)
|
(57)
|
(46)
|
(67)
|
(53)
|
(70)
|
|
Depreciation & Amortization |
(21)
|
(22)
|
(21)
|
(21)
|
(21)
|
(20)
|
(21)
|
(20)
|
(19)
|
(20)
|
(20)
|
(22)
|
(25)
|
(27)
|
(28)
|
(29)
|
0
|
(22)
|
(20)
|
(19)
|
(13)
|
(15)
|
(13)
|
(10)
|
(14)
|
(11)
|
(13)
|
(13)
|
(18)
|
0
|
0
|
0
|
(24)
|
(18)
|
(24)
|
(24)
|
(21)
|
(20)
|
(22)
|
(21)
|
(23)
|
|
Other Operating Expenses |
(30)
|
(38)
|
(38)
|
(38)
|
(41)
|
(42)
|
(48)
|
(50)
|
(49)
|
(49)
|
(47)
|
(48)
|
(38)
|
(56)
|
(55)
|
(56)
|
(36)
|
(48)
|
(48)
|
(45)
|
1
|
(29)
|
(26)
|
(26)
|
(1)
|
(25)
|
(28)
|
(27)
|
(42)
|
(50)
|
(42)
|
(37)
|
(10)
|
(28)
|
(7)
|
(30)
|
(5)
|
(20)
|
(13)
|
(25)
|
(22)
|
|
Operating Income |
53
N/A
|
53
+1%
|
59
+11%
|
64
+9%
|
69
+7%
|
70
+2%
|
66
-5%
|
67
+1%
|
68
+1%
|
65
-4%
|
67
+3%
|
64
-5%
|
53
-17%
|
51
-4%
|
47
-7%
|
44
-6%
|
47
+8%
|
48
+1%
|
47
-1%
|
50
+5%
|
13
-74%
|
3
-79%
|
(9)
N/A
|
(22)
-156%
|
9
N/A
|
(14)
N/A
|
(15)
-4%
|
(12)
+21%
|
11
N/A
|
16
+36%
|
23
+49%
|
27
+17%
|
31
+13%
|
19
-40%
|
2
-87%
|
12
+412%
|
25
+105%
|
30
+20%
|
31
+3%
|
34
+10%
|
46
+38%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
1
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(9)
|
(8)
|
(13)
|
(13)
|
(12)
|
(10)
|
(11)
|
(11)
|
(10)
|
(1)
|
0
|
2
|
5
|
0
|
3
|
4
|
3
|
(2)
|
(3)
|
(4)
|
(5)
|
(3)
|
(4)
|
(2)
|
(1)
|
3
|
6
|
4
|
2
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
2
|
(0)
|
(4)
|
(2)
|
(1)
|
(1)
|
(0)
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
|
Pre-Tax Income |
49
N/A
|
53
+8%
|
58
+9%
|
62
+7%
|
65
+5%
|
67
+2%
|
63
-5%
|
64
+0%
|
65
+1%
|
61
-5%
|
61
-1%
|
55
-9%
|
44
-21%
|
38
-13%
|
34
-10%
|
32
-7%
|
36
+16%
|
36
0%
|
37
+1%
|
40
+8%
|
10
-75%
|
3
-74%
|
(7)
N/A
|
(18)
-169%
|
8
N/A
|
(11)
N/A
|
(11)
-3%
|
(9)
+24%
|
9
N/A
|
12
+36%
|
19
+58%
|
22
+17%
|
26
+16%
|
15
-44%
|
2
-88%
|
11
+540%
|
24
+116%
|
33
+38%
|
34
+2%
|
35
+4%
|
45
+29%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(14)
|
(14)
|
(12)
|
(11)
|
(11)
|
(11)
|
(8)
|
(7)
|
(6)
|
(6)
|
(8)
|
(9)
|
(8)
|
(9)
|
(2)
|
1
|
3
|
6
|
(1)
|
3
|
3
|
3
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(3)
|
(0)
|
(2)
|
(4)
|
(6)
|
(6)
|
(6)
|
(10)
|
|
Income from Continuing Operations |
38
|
42
|
46
|
49
|
51
|
52
|
49
|
50
|
52
|
50
|
50
|
45
|
36
|
31
|
28
|
26
|
29
|
28
|
28
|
31
|
8
|
4
|
(4)
|
(12)
|
7
|
(8)
|
(9)
|
(6)
|
7
|
9
|
15
|
17
|
21
|
12
|
2
|
9
|
20
|
27
|
28
|
29
|
36
|
|
Income to Minority Interest |
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(6)
|
(5)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(2)
|
(1)
|
1
|
2
|
(1)
|
2
|
2
|
2
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
|
Net Income (Common) |
30
N/A
|
34
+11%
|
38
+13%
|
41
+8%
|
43
+5%
|
44
+2%
|
41
-7%
|
41
+2%
|
45
+8%
|
44
-1%
|
45
+1%
|
41
-9%
|
32
-20%
|
28
-15%
|
24
-14%
|
21
-10%
|
20
-5%
|
17
-15%
|
16
-9%
|
17
+8%
|
14
-19%
|
15
+8%
|
15
+1%
|
13
-11%
|
20
+50%
|
18
-11%
|
13
-27%
|
11
-17%
|
7
-35%
|
8
+21%
|
15
+73%
|
17
+17%
|
21
+20%
|
12
-43%
|
1
-91%
|
8
+645%
|
19
+142%
|
25
+35%
|
23
-7%
|
26
+10%
|
36
+41%
|
|
EPS (Diluted) |
0.04
N/A
|
0.05
+25%
|
0.06
+20%
|
0.07
+17%
|
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.08
+14%
|
0.08
N/A
|
0.08
N/A
|
0.07
-13%
|
0.05
-29%
|
0.05
N/A
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.05
+25%
|
0.01
-80%
|
0.01
N/A
|
0.02
+100%
|
0.01
-50%
|
0.02
+100%
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.03
+50%
|
0.02
-33%
|
0
N/A
|
0.01
N/A
|
0.03
+200%
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.05
+25%
|