Stamford Tyres Corporation Ltd
SGX:S29
Income Statement
Earnings Waterfall
Stamford Tyres Corporation Ltd
Income Statement
Stamford Tyres Corporation Ltd
| Apr-2008 | Jul-2008 | Oct-2008 | Jan-2009 | Apr-2009 | Jul-2009 | Oct-2009 | Jan-2010 | Apr-2010 | Jul-2010 | Oct-2010 | Jan-2011 | Apr-2011 | Jul-2011 | Oct-2011 | Jan-2012 | Apr-2012 | Jul-2012 | Oct-2012 | Jan-2013 | Apr-2013 | Jul-2013 | Oct-2013 | Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Apr-2020 | Oct-2020 | Apr-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Oct-2022 | Apr-2023 | Oct-2023 | Apr-2024 | Oct-2024 | Apr-2025 | Oct-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
7
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
3
|
0
|
5
|
0
|
5
|
0
|
0
|
0
|
|
| Revenue |
329
N/A
|
334
+2%
|
329
-2%
|
312
-5%
|
298
-5%
|
277
-7%
|
279
+1%
|
297
+7%
|
311
+5%
|
322
+3%
|
328
+2%
|
336
+2%
|
342
+2%
|
348
+2%
|
349
+0%
|
349
0%
|
365
+5%
|
362
-1%
|
359
-1%
|
344
-4%
|
352
+2%
|
314
-11%
|
304
-3%
|
302
-1%
|
293
-3%
|
290
-1%
|
294
+1%
|
297
+1%
|
293
-1%
|
284
-3%
|
267
-6%
|
252
-6%
|
242
-4%
|
235
-3%
|
235
+0%
|
235
+0%
|
239
+2%
|
241
+1%
|
242
+1%
|
245
+1%
|
248
+1%
|
247
0%
|
252
+2%
|
243
-3%
|
234
-4%
|
231
-1%
|
220
-5%
|
200
-9%
|
298
+49%
|
194
-35%
|
186
-4%
|
239
+28%
|
195
-18%
|
257
+32%
|
194
-25%
|
193
-1%
|
190
-1%
|
189
-1%
|
193
+2%
|
193
0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(253)
|
(258)
|
(251)
|
(237)
|
(229)
|
(215)
|
(219)
|
(235)
|
(244)
|
(251)
|
(256)
|
(262)
|
(262)
|
(262)
|
(263)
|
(264)
|
(284)
|
(285)
|
(287)
|
(274)
|
(279)
|
(243)
|
(231)
|
(229)
|
(224)
|
(224)
|
(229)
|
(232)
|
(228)
|
(219)
|
(203)
|
(189)
|
(181)
|
(174)
|
(173)
|
(173)
|
(174)
|
(174)
|
(175)
|
(178)
|
(182)
|
(184)
|
(191)
|
(184)
|
(179)
|
(177)
|
(168)
|
(152)
|
(225)
|
(142)
|
(133)
|
(171)
|
(138)
|
(185)
|
(138)
|
(138)
|
(136)
|
(136)
|
(142)
|
(143)
|
|
| Gross Profit |
76
N/A
|
77
+1%
|
78
+2%
|
75
-4%
|
68
-9%
|
63
-8%
|
60
-5%
|
63
+5%
|
68
+8%
|
71
+5%
|
72
+1%
|
74
+2%
|
81
+10%
|
85
+6%
|
87
+2%
|
85
-2%
|
81
-4%
|
77
-6%
|
72
-6%
|
70
-2%
|
73
+4%
|
71
-4%
|
73
+3%
|
72
-1%
|
69
-5%
|
66
-4%
|
66
-1%
|
65
0%
|
65
+0%
|
65
-1%
|
63
-2%
|
63
-1%
|
61
-2%
|
61
0%
|
62
+1%
|
63
+1%
|
65
+5%
|
67
+2%
|
68
+1%
|
66
-2%
|
66
0%
|
64
-4%
|
62
-3%
|
60
-3%
|
55
-8%
|
54
-1%
|
52
-4%
|
48
-7%
|
73
+51%
|
52
-29%
|
54
+4%
|
67
+25%
|
57
-16%
|
72
+27%
|
56
-22%
|
55
-2%
|
54
-1%
|
53
-1%
|
51
-4%
|
50
-2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(59)
|
(60)
|
(64)
|
(63)
|
(57)
|
(54)
|
(48)
|
(49)
|
(49)
|
(52)
|
(54)
|
(55)
|
(60)
|
(62)
|
(64)
|
(64)
|
(63)
|
(72)
|
(69)
|
(66)
|
(53)
|
(59)
|
(53)
|
(54)
|
(53)
|
(51)
|
(55)
|
(54)
|
(57)
|
(57)
|
(55)
|
(55)
|
(53)
|
(52)
|
(52)
|
(51)
|
(52)
|
(53)
|
(54)
|
(54)
|
(55)
|
(55)
|
(54)
|
(53)
|
(49)
|
(48)
|
(47)
|
(45)
|
(68)
|
(43)
|
(48)
|
(59)
|
(46)
|
(59)
|
(47)
|
(45)
|
(44)
|
(45)
|
(46)
|
(45)
|
|
| Selling, General & Administrative |
(43)
|
(43)
|
(41)
|
(38)
|
(38)
|
(36)
|
(36)
|
(38)
|
(38)
|
(40)
|
(41)
|
(44)
|
(46)
|
(47)
|
(48)
|
(48)
|
(50)
|
(51)
|
(50)
|
(50)
|
(49)
|
(45)
|
(44)
|
(44)
|
(43)
|
(43)
|
(43)
|
(44)
|
(45)
|
(44)
|
(43)
|
(42)
|
(41)
|
(41)
|
(41)
|
(42)
|
(42)
|
(42)
|
(42)
|
(43)
|
(44)
|
(44)
|
(44)
|
(43)
|
(40)
|
(39)
|
(37)
|
(33)
|
(47)
|
(28)
|
(32)
|
(39)
|
(34)
|
(43)
|
(35)
|
(36)
|
(37)
|
(36)
|
(35)
|
(35)
|
|
| Depreciation & Amortization |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(11)
|
(7)
|
(6)
|
0
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
| Other Operating Expenses |
(10)
|
(11)
|
(17)
|
(19)
|
(14)
|
(13)
|
(6)
|
(6)
|
(5)
|
(6)
|
(7)
|
(6)
|
(8)
|
(9)
|
(11)
|
(11)
|
(8)
|
(16)
|
(14)
|
(10)
|
0
|
(9)
|
(4)
|
(6)
|
(6)
|
(4)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(10)
|
(9)
|
(9)
|
(20)
|
(6)
|
(10)
|
(6)
|
(4)
|
(3)
|
(4)
|
(6)
|
(4)
|
|
| Operating Income |
18
N/A
|
17
-2%
|
14
-18%
|
13
-12%
|
11
-14%
|
8
-23%
|
12
+40%
|
13
+16%
|
19
+39%
|
19
+3%
|
18
-4%
|
19
+1%
|
21
+12%
|
23
+13%
|
22
-5%
|
21
-5%
|
18
-15%
|
5
-73%
|
3
-35%
|
5
+48%
|
20
+339%
|
12
-41%
|
20
+66%
|
18
-9%
|
16
-13%
|
15
-4%
|
11
-27%
|
11
+3%
|
8
-26%
|
8
-2%
|
8
-1%
|
8
N/A
|
9
+7%
|
10
+11%
|
10
+4%
|
11
+12%
|
13
+20%
|
14
+2%
|
14
-1%
|
12
-11%
|
11
-11%
|
9
-17%
|
8
-14%
|
7
-6%
|
6
-14%
|
6
+3%
|
5
-16%
|
3
-35%
|
5
+41%
|
9
+81%
|
6
-29%
|
8
+31%
|
11
+31%
|
13
+19%
|
9
-28%
|
9
+5%
|
10
+4%
|
8
-19%
|
5
-35%
|
5
-2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
12
|
10
|
8
|
(6)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(6)
|
(3)
|
(2)
|
1
|
(1)
|
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
1
|
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
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
12
N/A
|
12
+1%
|
9
-29%
|
7
-25%
|
5
-31%
|
2
-51%
|
7
+195%
|
10
+48%
|
15
+54%
|
15
+3%
|
15
-5%
|
15
+3%
|
18
+20%
|
21
+15%
|
20
-6%
|
18
-7%
|
14
-21%
|
17
+17%
|
13
-21%
|
13
-3%
|
15
+15%
|
8
-44%
|
16
+95%
|
15
-9%
|
11
-27%
|
11
N/A
|
7
-37%
|
7
N/A
|
3
-48%
|
3
-20%
|
3
+4%
|
3
+14%
|
5
+51%
|
7
+36%
|
8
+10%
|
9
+19%
|
11
+23%
|
11
+2%
|
11
-1%
|
10
-13%
|
8
-15%
|
6
-29%
|
4
-28%
|
3
-25%
|
2
-28%
|
2
+11%
|
1
-54%
|
(3)
N/A
|
(1)
+74%
|
4
N/A
|
4
-17%
|
7
+75%
|
7
+10%
|
11
+57%
|
6
-47%
|
5
-8%
|
8
+44%
|
6
-23%
|
2
-68%
|
2
-1%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
| Income from Continuing Operations |
8
|
8
|
4
|
3
|
1
|
(1)
|
3
|
5
|
10
|
10
|
10
|
10
|
13
|
16
|
14
|
14
|
10
|
13
|
10
|
10
|
12
|
5
|
13
|
12
|
10
|
10
|
6
|
6
|
2
|
1
|
1
|
1
|
3
|
4
|
5
|
6
|
8
|
9
|
9
|
7
|
5
|
3
|
2
|
1
|
0
|
0
|
(0)
|
(4)
|
(2)
|
2
|
1
|
3
|
4
|
7
|
4
|
4
|
6
|
5
|
1
|
1
|
|
| 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
|
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
|
|
| Net Income (Common) |
8
N/A
|
8
+4%
|
4
-46%
|
2
-44%
|
1
-58%
|
(1)
N/A
|
3
N/A
|
5
+76%
|
9
+84%
|
10
+2%
|
9
-3%
|
10
+6%
|
13
+34%
|
16
+18%
|
14
-9%
|
14
-5%
|
10
-28%
|
13
+33%
|
10
-25%
|
10
N/A
|
12
+20%
|
5
-56%
|
13
+155%
|
12
-11%
|
10
-14%
|
10
+2%
|
6
-39%
|
6
+2%
|
2
-73%
|
1
-24%
|
1
N/A
|
1
N/A
|
3
+99%
|
4
+58%
|
5
+15%
|
6
+30%
|
8
+33%
|
9
+5%
|
9
+1%
|
7
-15%
|
5
-29%
|
3
-35%
|
2
-47%
|
1
-54%
|
0
-44%
|
0
+3%
|
(0)
N/A
|
(4)
-908%
|
(2)
+44%
|
2
N/A
|
1
-43%
|
3
+112%
|
4
+28%
|
5
+37%
|
4
-22%
|
4
-13%
|
6
+66%
|
5
-20%
|
1
-81%
|
1
-25%
|
|
| EPS (Diluted) |
0.03
N/A
|
0.04
+33%
|
0.02
-50%
|
0.01
-50%
|
0
N/A
|
-0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.04
+100%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.06
+50%
|
0.06
N/A
|
0.05
-17%
|
0.05
N/A
|
0.04
-20%
|
0.06
+50%
|
0.05
-17%
|
0.05
N/A
|
0.05
N/A
|
0.02
-60%
|
0.05
+150%
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.02
-50%
|
0.02
N/A
|
0.01
-50%
|
0
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.03
+50%
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.03
-25%
|
0.02
-33%
|
0.01
-50%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
-0.02
N/A
|
-0.01
+50%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.03
+50%
|
0.02
-33%
|
0.02
N/A
|
0.03
+50%
|
0.02
-33%
|
0
N/A
|
0
N/A
|
|