Overseas Education Limited (SGX: RQ1)

Overseas Education Income Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	89.02	87.33	76.22	74.51	78.83	81.96
Other Revenue	0.03	0.02	0.05	0.03	0.1	0.02
Revenue	89.05	87.36	76.27	74.54	78.94	81.98
Revenue Growth (YoY)	8.16%	14.53%	2.33%	-5.57%	-3.71%	-0.86%
Cost of Revenue	52.62	51.87	48.72	48.83	47.37	47.14
Gross Profit	36.43	35.48	27.56	25.71	31.57	34.84
Selling, General & Admin	1.24	1.24	1.24	1.24	1.24	1.24
Other Operating Expenses	6.9	6.72	6.09	5.19	4.73	4.71
Operating Expenses	21.18	20.81	19.95	19.07	18.6	18.16
Operating Income	15.25	14.67	7.6	6.64	12.97	16.68
Interest Expense	-5.55	-5.69	-0.72	-2.11	-3.03	-4.89
Interest & Investment Income	0.73	0.47	0.09	0.02	0.12	0.32
Other Non Operating Income (Expenses)	-0.11	-0.11	-0.1	-0.11	-0.11	-0.08
EBT Excluding Unusual Items	10.32	9.34	6.87	4.44	9.94	12.02
Gain (Loss) on Sale of Assets	0.01	0.01	-0.01	-0.01	0.01	-0
Asset Writedown	-0.01	-0.01	-	-	-	-
Other Unusual Items	-	-	-	3.53	2.99	-1.23
Pretax Income	10.32	9.34	6.87	7.96	12.94	10.79
Income Tax Expense	2.78	2.61	1.59	1.63	2.64	2.78
Net Income	7.54	6.73	5.28	6.33	10.3	8.01
Net Income to Common	7.54	6.73	5.28	6.33	10.3	8.01
Net Income Growth	9.58%	27.43%	-16.66%	-38.49%	28.59%	15.94%
Shares Outstanding (Basic)	415	415	415	415	415	415
Shares Outstanding (Diluted)	415	415	415	415	415	415
EPS (Basic)	0.02	0.02	0.01	0.02	0.02	0.02
EPS (Diluted)	0.02	0.02	0.01	0.02	0.02	0.02
EPS Growth	9.58%	27.43%	-16.65%	-38.49%	28.58%	15.94%
Free Cash Flow	25.04	25.16	30.54	16.79	24.04	27.67
Free Cash Flow Per Share	0.06	0.06	0.07	0.04	0.06	0.07
Dividend Per Share	0.013	0.013	0.011	0.013	0.023	0.028
Dividend Growth	18.18%	18.18%	-15.38%	-43.48%	-16.36%	0%
Gross Margin	40.91%	40.62%	36.13%	34.50%	39.99%	42.50%
Operating Margin	17.12%	16.79%	9.97%	8.91%	16.42%	20.35%
Profit Margin	8.47%	7.70%	6.92%	8.50%	13.04%	9.77%
Free Cash Flow Margin	28.12%	28.80%	40.04%	22.53%	30.46%	33.76%
EBITDA	24.14	23.9	17.16	16.26	22.63	26.28
EBITDA Margin	27.11%	27.35%	22.50%	21.82%	28.67%	32.06%
D&A For EBITDA	8.89	9.23	9.56	9.62	9.67	9.6
EBIT	15.25	14.67	7.6	6.64	12.97	16.68
EBIT Margin	17.12%	16.79%	9.97%	8.91%	16.42%	20.35%
Effective Tax Rate	26.94%	27.99%	23.12%	20.47%	20.42%	25.78%
Revenue as Reported	89.78	87.83	76.36	74.56	79.05	82.3

Source: S&P Capital IQ. Standard template. Financial Sources.