Tuan Sing Holdings Ltd
SGX:T24
Income Statement
Earnings Waterfall
Tuan Sing Holdings Ltd
Revenue
|
303.7m
SGD
|
Cost of Revenue
|
-213.7m
SGD
|
Gross Profit
|
90m
SGD
|
Operating Expenses
|
-63.3m
SGD
|
Operating Income
|
26.7m
SGD
|
Other Expenses
|
-21.9m
SGD
|
Net Income
|
4.8m
SGD
|
Income Statement
Tuan Sing Holdings 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 |
240
N/A
|
250
+4%
|
295
+18%
|
332
+12%
|
372
+12%
|
365
-2%
|
378
+4%
|
349
-8%
|
302
-13%
|
299
-1%
|
262
-12%
|
308
+17%
|
355
+15%
|
449
+26%
|
561
+25%
|
646
+15%
|
677
+5%
|
627
-7%
|
540
-14%
|
446
-17%
|
404
-9%
|
373
-8%
|
351
-6%
|
362
+3%
|
356
-2%
|
358
+0%
|
355
-1%
|
349
-2%
|
336
-4%
|
337
+0%
|
329
-2%
|
302
-8%
|
311
+3%
|
251
-19%
|
197
-22%
|
249
+26%
|
245
-1%
|
215
-12%
|
225
+5%
|
256
+14%
|
304
+19%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(210)
|
(215)
|
(253)
|
(277)
|
(301)
|
(299)
|
(306)
|
(286)
|
(251)
|
(246)
|
(218)
|
(252)
|
(286)
|
(358)
|
(446)
|
(511)
|
(535)
|
(494)
|
(425)
|
(350)
|
(320)
|
(297)
|
(282)
|
(297)
|
(291)
|
(292)
|
(286)
|
(279)
|
(267)
|
(268)
|
(262)
|
(237)
|
(239)
|
(185)
|
(148)
|
(189)
|
(189)
|
(149)
|
(138)
|
(170)
|
(214)
|
|
Gross Profit |
30
N/A
|
35
+17%
|
42
+20%
|
54
+29%
|
70
+29%
|
66
-6%
|
72
+10%
|
63
-14%
|
51
-18%
|
53
+3%
|
44
-16%
|
56
+27%
|
69
+22%
|
91
+32%
|
115
+27%
|
135
+17%
|
142
+5%
|
133
-6%
|
115
-14%
|
96
-17%
|
84
-12%
|
76
-10%
|
69
-9%
|
64
-6%
|
65
+1%
|
66
+2%
|
69
+4%
|
70
+1%
|
70
-1%
|
69
0%
|
68
-2%
|
65
-4%
|
72
+10%
|
66
-8%
|
49
-26%
|
60
+24%
|
57
-6%
|
67
+17%
|
87
+30%
|
86
-1%
|
90
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(18)
|
(21)
|
(25)
|
(27)
|
(33)
|
(32)
|
(34)
|
(35)
|
(31)
|
(30)
|
(26)
|
(22)
|
(15)
|
(17)
|
(19)
|
(21)
|
(28)
|
(29)
|
(33)
|
(36)
|
(34)
|
(33)
|
(30)
|
(25)
|
(28)
|
(27)
|
(26)
|
(30)
|
(30)
|
(29)
|
(26)
|
(26)
|
(31)
|
(35)
|
(24)
|
(21)
|
(47)
|
(58)
|
(63)
|
(61)
|
(63)
|
|
Selling, General & Administrative |
(19)
|
(23)
|
(26)
|
(28)
|
(34)
|
(33)
|
(35)
|
(37)
|
(33)
|
(31)
|
(26)
|
(23)
|
(20)
|
(23)
|
(26)
|
(29)
|
(30)
|
(31)
|
(34)
|
(35)
|
(36)
|
(35)
|
(32)
|
(32)
|
(33)
|
(33)
|
(33)
|
(33)
|
(31)
|
(30)
|
(28)
|
(28)
|
(36)
|
(42)
|
(40)
|
(44)
|
(50)
|
(59)
|
(65)
|
(64)
|
(66)
|
|
Other Operating Expenses |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
1
|
6
|
6
|
7
|
7
|
2
|
2
|
0
|
(1)
|
2
|
1
|
1
|
7
|
5
|
6
|
6
|
2
|
1
|
1
|
2
|
2
|
5
|
7
|
16
|
23
|
3
|
1
|
2
|
4
|
3
|
|
Operating Income |
12
N/A
|
14
+20%
|
17
+21%
|
27
+57%
|
38
+38%
|
34
-9%
|
38
+13%
|
28
-28%
|
20
-28%
|
23
+15%
|
18
-21%
|
34
+89%
|
54
+58%
|
74
+36%
|
96
+31%
|
114
+18%
|
114
+0%
|
105
-8%
|
82
-22%
|
60
-27%
|
51
-16%
|
43
-15%
|
39
-10%
|
39
+2%
|
37
-6%
|
39
+6%
|
43
+10%
|
40
-7%
|
40
0%
|
40
+1%
|
42
+4%
|
39
-6%
|
40
+3%
|
31
-24%
|
25
-19%
|
39
+57%
|
10
-74%
|
9
-15%
|
24
+175%
|
25
+7%
|
27
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
35
|
37
|
41
|
43
|
86
|
87
|
86
|
88
|
43
|
43
|
45
|
39
|
22
|
13
|
4
|
(5)
|
(24)
|
(24)
|
(22)
|
(19)
|
(5)
|
(3)
|
(2)
|
(6)
|
31
|
28
|
27
|
28
|
92
|
88
|
86
|
85
|
2
|
13
|
27
|
27
|
(14)
|
(15)
|
(22)
|
(33)
|
(24)
|
|
Non-Reccuring Items |
1
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(8)
|
(9)
|
(9)
|
(9)
|
(3)
|
(5)
|
(6)
|
(6)
|
(4)
|
(0)
|
4
|
4
|
4
|
4
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
8
|
88
|
88
|
0
|
(2)
|
0
|
0
|
|
Total Other Income |
(2)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
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 |
48
N/A
|
52
+8%
|
60
+16%
|
70
+18%
|
124
+76%
|
121
-2%
|
125
+3%
|
116
-8%
|
63
-46%
|
65
+3%
|
60
-7%
|
73
+22%
|
76
+4%
|
87
+14%
|
100
+16%
|
101
+1%
|
81
-20%
|
72
-10%
|
51
-30%
|
39
-25%
|
40
+4%
|
34
-14%
|
31
-10%
|
29
-5%
|
68
+132%
|
71
+5%
|
73
+3%
|
71
-2%
|
136
+90%
|
128
-6%
|
128
0%
|
124
-3%
|
42
-66%
|
43
+2%
|
60
+39%
|
154
+157%
|
84
-45%
|
(6)
N/A
|
1
N/A
|
(8)
N/A
|
3
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(8)
|
(8)
|
(9)
|
(6)
|
(6)
|
(7)
|
(6)
|
(10)
|
(10)
|
(9)
|
(11)
|
(14)
|
(17)
|
(20)
|
(22)
|
(12)
|
(10)
|
(6)
|
(3)
|
(6)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(4)
|
(5)
|
(6)
|
(5)
|
(9)
|
(6)
|
(1)
|
(2)
|
(2)
|
(3)
|
2
|
8
|
3
|
|
Income from Continuing Operations |
41
|
44
|
52
|
61
|
118
|
116
|
118
|
110
|
53
|
54
|
51
|
62
|
62
|
70
|
80
|
79
|
69
|
63
|
46
|
36
|
34
|
30
|
26
|
25
|
63
|
66
|
67
|
65
|
131
|
123
|
122
|
118
|
33
|
37
|
59
|
152
|
82
|
(9)
|
3
|
(0)
|
5
|
|
Income to Minority Interest |
(1)
|
(2)
|
(3)
|
(5)
|
(8)
|
(7)
|
(6)
|
(4)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
2
|
2
|
2
|
1
|
(1)
|
|
Net Income (Common) |
40
N/A
|
42
+3%
|
49
+18%
|
56
+14%
|
110
+97%
|
109
-1%
|
112
+3%
|
106
-6%
|
52
-51%
|
54
+4%
|
50
-7%
|
62
+23%
|
61
-1%
|
69
+13%
|
80
+15%
|
79
-2%
|
69
-13%
|
63
-9%
|
45
-28%
|
36
-22%
|
34
-5%
|
29
-13%
|
26
-11%
|
25
-2%
|
63
+147%
|
66
+5%
|
67
+2%
|
65
-3%
|
132
+103%
|
124
-6%
|
122
-1%
|
118
-3%
|
33
-72%
|
38
+15%
|
59
+55%
|
153
+159%
|
84
-45%
|
(7)
N/A
|
5
N/A
|
1
-81%
|
5
+440%
|
|
EPS (Diluted) |
0.02
N/A
|
0.03
+50%
|
0.04
+33%
|
0.05
+25%
|
0.1
+100%
|
0.09
-10%
|
0.09
N/A
|
0.09
N/A
|
0.04
-56%
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.06
+20%
|
0.06
N/A
|
0.06
N/A
|
0.05
-17%
|
0.03
-40%
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.02
N/A
|
0.01
-50%
|
0.05
+400%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.11
+120%
|
0.1
-9%
|
0.1
N/A
|
0.1
N/A
|
0.03
-70%
|
0.03
N/A
|
0.05
+67%
|
0.13
+160%
|
0.07
-46%
|
-0.01
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|