Overseas Education Ltd
SGX:RQ1
Income Statement
Earnings Waterfall
Overseas Education Ltd
Revenue
|
87.8m
SGD
|
Cost of Revenue
|
-48.8m
SGD
|
Gross Profit
|
39m
SGD
|
Operating Expenses
|
-24m
SGD
|
Operating Income
|
15m
SGD
|
Other Expenses
|
-8.3m
SGD
|
Net Income
|
6.7m
SGD
|
Income Statement
Overseas Education Ltd
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 |
51
N/A
|
77
+51%
|
103
+34%
|
103
+0%
|
104
+0%
|
103
-1%
|
102
-1%
|
101
-1%
|
100
-1%
|
99
-1%
|
97
-1%
|
96
-1%
|
96
-1%
|
94
-2%
|
92
-2%
|
90
-2%
|
88
-2%
|
88
-1%
|
87
-1%
|
86
-1%
|
85
-1%
|
84
-1%
|
83
-1%
|
82
-1%
|
82
-1%
|
82
+0%
|
82
+0%
|
83
+0%
|
79
-4%
|
76
-4%
|
75
-2%
|
74
-1%
|
76
+4%
|
83
+8%
|
88
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(28)
|
(42)
|
(57)
|
(58)
|
(59)
|
(59)
|
(58)
|
(58)
|
(57)
|
(58)
|
(58)
|
(59)
|
(59)
|
(58)
|
(57)
|
(56)
|
(55)
|
(53)
|
(52)
|
(51)
|
(49)
|
(48)
|
(48)
|
(47)
|
(46)
|
(45)
|
(45)
|
(45)
|
(43)
|
(43)
|
(44)
|
(46)
|
(46)
|
(47)
|
(49)
|
|
Gross Profit |
24
N/A
|
35
+47%
|
46
+32%
|
45
-1%
|
44
-2%
|
44
-1%
|
44
+0%
|
44
0%
|
43
-2%
|
41
-5%
|
39
-5%
|
38
-3%
|
37
-3%
|
36
-2%
|
35
-2%
|
34
-2%
|
34
-2%
|
34
+2%
|
35
+1%
|
35
+1%
|
36
+1%
|
35
0%
|
35
-1%
|
36
+2%
|
36
+1%
|
37
+3%
|
37
+1%
|
38
+1%
|
36
-4%
|
33
-7%
|
30
-10%
|
28
-8%
|
31
+10%
|
36
+16%
|
39
+10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
(14)
|
(18)
|
(17)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(21)
|
(21)
|
(20)
|
(22)
|
(21)
|
(23)
|
(23)
|
(24)
|
|
Selling, General & Administrative |
(4)
|
(7)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(4)
|
(2)
|
(2)
|
(5)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
|
Depreciation & Amortization |
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(5)
|
(7)
|
(9)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
|
Other Operating Expenses |
(3)
|
(4)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(6)
|
(6)
|
(7)
|
(4)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(5)
|
(4)
|
(5)
|
(7)
|
(7)
|
|
Operating Income |
14
N/A
|
21
+49%
|
27
+32%
|
28
+1%
|
27
-4%
|
26
-2%
|
26
+1%
|
27
+0%
|
26
-2%
|
24
-10%
|
22
-9%
|
19
-11%
|
18
-7%
|
17
-6%
|
16
-6%
|
15
-2%
|
14
-6%
|
15
+7%
|
16
+4%
|
17
+4%
|
17
+3%
|
17
0%
|
16
-4%
|
16
-1%
|
16
-2%
|
16
+1%
|
16
-2%
|
16
+5%
|
15
-8%
|
13
-13%
|
8
-39%
|
7
-13%
|
8
+8%
|
12
+59%
|
15
+24%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(2)
|
(4)
|
(6)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(3)
|
(6)
|
|
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
|
0
|
0
|
0
|
1
|
0
|
2
|
0
|
(0)
|
0
|
0
|
|
Pre-Tax Income |
14
N/A
|
21
+49%
|
27
+32%
|
28
+1%
|
27
-4%
|
26
-2%
|
26
+1%
|
27
+0%
|
26
-2%
|
21
-18%
|
17
-19%
|
13
-25%
|
10
-25%
|
9
-12%
|
7
-12%
|
7
-3%
|
6
-11%
|
8
+19%
|
8
+10%
|
9
+8%
|
10
+8%
|
10
+0%
|
9
-5%
|
9
0%
|
9
-5%
|
10
+9%
|
11
+11%
|
13
+21%
|
13
-1%
|
11
-15%
|
8
-27%
|
6
-22%
|
7
+11%
|
9
+33%
|
9
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(3)
|
|
Income from Continuing Operations |
11
|
17
|
23
|
23
|
22
|
22
|
22
|
22
|
22
|
18
|
15
|
11
|
8
|
6
|
5
|
5
|
5
|
6
|
6
|
7
|
7
|
7
|
7
|
7
|
7
|
8
|
8
|
10
|
10
|
9
|
6
|
5
|
5
|
7
|
7
|
|
Net Income (Common) |
11
N/A
|
17
+49%
|
23
+32%
|
23
+1%
|
22
-3%
|
22
-1%
|
22
+1%
|
22
+1%
|
22
-1%
|
18
-16%
|
15
-18%
|
11
-29%
|
8
-29%
|
6
-20%
|
5
-13%
|
5
+4%
|
5
-14%
|
6
+22%
|
6
+9%
|
7
+6%
|
7
+6%
|
7
+0%
|
7
-2%
|
7
+3%
|
7
-3%
|
8
+10%
|
8
+6%
|
10
+24%
|
10
+4%
|
9
-12%
|
6
-30%
|
5
-24%
|
5
+9%
|
7
+30%
|
7
-2%
|
|
EPS (Diluted) |
0.04
N/A
|
0.05
+25%
|
0.06
+20%
|
0.05
-17%
|
0.04
-20%
|
0.04
N/A
|
0.05
+25%
|
0.04
-20%
|
0.04
N/A
|
0.03
-25%
|
0.04
+33%
|
0.02
-50%
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0
N/A
|
0
N/A
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.01
-50%
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|