Valuemax Group Ltd
SGX:T6I
Income Statement
Earnings Waterfall
Valuemax Group Ltd
Revenue
|
331m
SGD
|
Cost of Revenue
|
-230.8m
SGD
|
Gross Profit
|
100.2m
SGD
|
Operating Expenses
|
-35.9m
SGD
|
Operating Income
|
64.3m
SGD
|
Other Expenses
|
-11.5m
SGD
|
Net Income
|
52.9m
SGD
|
Income Statement
Valuemax Group 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 |
292
N/A
|
242
-17%
|
353
+46%
|
354
+0%
|
367
+4%
|
373
+2%
|
325
-13%
|
298
-8%
|
288
-4%
|
268
-7%
|
270
+1%
|
272
+1%
|
265
-3%
|
256
-3%
|
253
-1%
|
247
-2%
|
245
-1%
|
250
+2%
|
239
-4%
|
236
-2%
|
227
-3%
|
212
-7%
|
209
-1%
|
202
-3%
|
202
+0%
|
219
+8%
|
236
+8%
|
225
-4%
|
276
+22%
|
313
+13%
|
276
-12%
|
297
+8%
|
287
-3%
|
285
-1%
|
331
+16%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(274)
|
(224)
|
(332)
|
(333)
|
(344)
|
(351)
|
(300)
|
(272)
|
(261)
|
(242)
|
(242)
|
(244)
|
(235)
|
(223)
|
(218)
|
(208)
|
(205)
|
(208)
|
(198)
|
(191)
|
(181)
|
(165)
|
(161)
|
(155)
|
(153)
|
(169)
|
(182)
|
(170)
|
(219)
|
(243)
|
(200)
|
(216)
|
(205)
|
(200)
|
(231)
|
|
Gross Profit |
19
N/A
|
18
-5%
|
21
+18%
|
21
N/A
|
23
+8%
|
22
-3%
|
25
+12%
|
26
+4%
|
26
+2%
|
27
+3%
|
28
+2%
|
28
+1%
|
30
+6%
|
33
+10%
|
35
+7%
|
39
+11%
|
41
+4%
|
42
+3%
|
42
0%
|
44
+6%
|
46
+3%
|
47
+2%
|
47
+2%
|
47
-1%
|
49
+4%
|
50
+2%
|
54
+7%
|
56
+4%
|
57
+3%
|
69
+22%
|
75
+8%
|
81
+8%
|
82
+1%
|
85
+4%
|
100
+17%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8)
|
(10)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(17)
|
(20)
|
(22)
|
(22)
|
(18)
|
(23)
|
(22)
|
(23)
|
(16)
|
(24)
|
(17)
|
(24)
|
(23)
|
(26)
|
(31)
|
(31)
|
(36)
|
|
Selling, General & Administrative |
(9)
|
(11)
|
(15)
|
(15)
|
(16)
|
(16)
|
(18)
|
(16)
|
(17)
|
(17)
|
(19)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(24)
|
(26)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
(26)
|
(29)
|
(34)
|
(34)
|
(37)
|
(38)
|
(42)
|
|
Other Operating Expenses |
1
|
1
|
3
|
2
|
1
|
1
|
1
|
(1)
|
(0)
|
(1)
|
1
|
1
|
2
|
3
|
2
|
3
|
3
|
3
|
5
|
3
|
1
|
1
|
8
|
2
|
4
|
3
|
9
|
2
|
9
|
5
|
11
|
8
|
6
|
6
|
6
|
|
Operating Income |
11
N/A
|
8
-22%
|
9
+2%
|
8
-9%
|
8
+9%
|
7
-14%
|
9
+25%
|
9
0%
|
9
+4%
|
10
+5%
|
10
+4%
|
12
+15%
|
14
+18%
|
17
+24%
|
18
+3%
|
22
+25%
|
23
+3%
|
24
+3%
|
25
+7%
|
24
-3%
|
24
-1%
|
24
+1%
|
29
+20%
|
24
-19%
|
26
+11%
|
27
+4%
|
37
+36%
|
32
-14%
|
40
+25%
|
46
+15%
|
52
+13%
|
55
+6%
|
51
-7%
|
54
+6%
|
64
+19%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
2
|
2
|
2
|
2
|
1
|
2
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
0
|
(3)
|
(3)
|
(2)
|
(3)
|
(1)
|
(1)
|
(1)
|
(5)
|
(1)
|
(0)
|
(0)
|
(6)
|
(0)
|
(3)
|
2
|
(4)
|
3
|
2
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
3
|
0
|
2
|
0
|
1
|
0
|
0
|
|
Total Other Income |
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
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 |
11
N/A
|
10
-14%
|
10
+6%
|
10
-6%
|
11
+8%
|
9
-19%
|
10
+18%
|
10
+0%
|
11
+4%
|
11
+6%
|
12
+4%
|
12
+6%
|
14
+11%
|
16
+17%
|
18
+11%
|
19
+9%
|
20
+4%
|
21
+5%
|
22
+4%
|
24
+7%
|
23
-2%
|
24
+2%
|
24
0%
|
23
-3%
|
26
+13%
|
27
+5%
|
31
+15%
|
32
+2%
|
40
+26%
|
48
+18%
|
50
+4%
|
57
+15%
|
53
-7%
|
53
0%
|
63
+19%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
|
Income from Continuing Operations |
10
|
9
|
10
|
9
|
10
|
8
|
9
|
9
|
9
|
10
|
10
|
11
|
13
|
14
|
16
|
18
|
18
|
19
|
20
|
21
|
21
|
21
|
21
|
20
|
23
|
24
|
26
|
27
|
35
|
40
|
42
|
49
|
45
|
45
|
54
|
|
Income to Minority Interest |
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
10
N/A
|
8
-15%
|
9
+12%
|
9
-6%
|
9
+8%
|
8
-14%
|
9
+11%
|
9
-1%
|
9
+2%
|
10
+5%
|
10
+5%
|
11
+7%
|
12
+11%
|
14
+16%
|
16
+13%
|
17
+9%
|
18
+4%
|
18
+2%
|
19
+7%
|
20
+7%
|
20
-1%
|
21
+2%
|
20
-1%
|
20
-3%
|
22
+13%
|
23
+4%
|
25
+10%
|
26
+2%
|
34
+30%
|
40
+17%
|
42
+5%
|
48
+16%
|
44
-8%
|
44
0%
|
53
+19%
|
|
EPS (Diluted) |
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
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
|
0.03
+50%
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.06
+20%
|
0.07
+17%
|
0.06
-14%
|
0.07
+17%
|
0.06
-14%
|
0.06
N/A
|
0.07
+17%
|