Tuan Sing Holdings Limited (SGX: T24)

Tuan Sing Holdings 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
Revenue	265.52	303.72	225.3	248.71	196.82	310.69
Revenue Growth (YoY)	3.69%	34.81%	-9.42%	26.37%	-36.65%	-7.56%
Cost of Revenue	180.86	213.75	138.43	178.59	148.24	239.15
Gross Profit	84.66	89.97	86.87	70.12	48.58	71.54
Selling, General & Admin	65.48	65.97	65.01	62.13	39.4	35.98
Other Operating Expenses	-3.02	-2.84	5.13	1.05	-8.38	-5.03
Operating Expenses	62.46	63.14	70.14	63.28	31.05	31.38
Operating Income	22.2	26.83	16.73	6.85	17.53	40.16
Interest Expense	-69.47	-68.27	-50.75	-42.66	-47.8	-58.33
Interest & Investment Income	6.13	6.17	4.53	2.36	4.83	5.84
Earnings From Equity Investments	28.52	29.33	29.92	28.33	25.65	21.56
Currency Exchange Gain (Loss)	0.38	-	-	1.71	0.42	-0.33
EBT Excluding Unusual Items	-12.24	-5.94	0.43	-3.43	0.62	8.89
Merger & Restructuring Charges	-	-	-	-	-1.14	-
Gain (Loss) on Sale of Investments	0.03	-	-	-0.35	0.11	-0.1
Gain (Loss) on Sale of Assets	-	-	-	88.96	0.01	-0.06
Asset Writedown	6.3	8.6	0.31	-3.34	45.08	33.31
Other Unusual Items	-	-	-	2.28	15.21	-
Pretax Income	-5.92	2.66	0.73	84.12	59.89	42.04
Income Tax Expense	0.87	-2.75	-2.12	2.3	1.36	9.36
Earnings From Continuing Operations	-6.79	5.41	2.85	81.82	58.53	32.68
Minority Interest in Earnings	-1.03	-0.57	1.74	1.84	0.48	0.53
Net Income	-7.82	4.84	4.59	83.66	59.01	33.21
Net Income to Common	-7.82	4.84	4.59	83.66	59.01	33.21
Net Income Growth	-	5.34%	-94.51%	41.78%	77.67%	-74.75%
Shares Outstanding (Basic)	1,238	1,229	1,210	1,195	1,187	1,186
Shares Outstanding (Diluted)	1,238	1,229	1,210	1,195	1,187	1,186
Shares Change (YoY)	1.60%	1.52%	1.27%	0.70%	0.04%	-0.23%
EPS (Basic)	-0.01	0.00	0.00	0.07	0.05	0.03
EPS (Diluted)	-0.01	0.00	0.00	0.07	0.05	0.03
EPS Growth	-	3.77%	-94.58%	40.79%	77.60%	-74.69%
Free Cash Flow	34.65	136.43	52.9	74.15	63.57	13.39
Free Cash Flow Per Share	0.03	0.11	0.04	0.06	0.05	0.01
Dividend Per Share	0.007	0.007	0.007	0.007	0.006	0.006
Dividend Growth	0%	0%	0%	16.67%	0%	0%
Gross Margin	31.89%	29.62%	38.56%	28.19%	24.68%	23.02%
Operating Margin	8.36%	8.84%	7.42%	2.75%	8.91%	12.92%
Profit Margin	-2.94%	1.59%	2.04%	33.64%	29.98%	10.69%
Free Cash Flow Margin	13.05%	44.92%	23.48%	29.81%	32.30%	4.31%
EBITDA	28.49	33.09	23.41	16.27	26.73	48.18
EBITDA Margin	10.73%	10.90%	10.39%	6.54%	13.58%	15.51%
D&A For EBITDA	6.29	6.26	6.69	9.42	9.2	8.02
EBIT	22.2	26.83	16.73	6.85	17.53	40.16
EBIT Margin	8.36%	8.84%	7.42%	2.75%	8.91%	12.92%
Effective Tax Rate	-	-	-	2.73%	2.26%	22.26%

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