T12 Income Statement - TTM - Tat Seng Packaging Group Ltd

Income Statement (TTM)

Tat Seng Packaging Group Ltd Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	292	303	327	350	359	368	367	367	352	336	312	287	273	259	259	260	257	254	246	238
Change (%)		3.74	7.74	7.19	2.50	2.44	-0.08	-0.08	-4.18	-4.36	-7.30	-7.88	-4.93	-5.18	0.18	0.18	-1.12	-1.14	-3.18	-3.28
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	231	239	258	277	288	298	300	302	290	277	256	234	218	202	201	199	198	197	192	187
Change (%)		3.31	8.01	7.42	3.85	3.71	0.64	0.64	-4.11	-4.29	-7.81	-8.48	-6.89	-7.40	-0.57	-0.57	-0.50	-0.51	-2.74	-2.81
% of Revenue	79.10	78.78	78.97	79.14	80.19	81.18	81.77	82.36	82.41	82.47	82.02	81.48	79.80	77.94	77.36	76.78	77.27	77.76	78.11	78.49

Gross Operating Profit	61	64	69	73	71	69	67	65	62	59	56	53	55	57	59	60	58	56	54	51
Change (%)		5.34	6.75	6.32	-2.63	-2.70	-3.20	-3.30	-4.48	-4.70	-4.89	-5.15	3.71	3.57	2.80	2.73	-3.18	-3.28	-4.73	-4.96
% of Revenue	20.90	21.22	21.03	20.86	19.81	18.82	18.23	17.64	17.59	17.53	17.98	18.52	20.20	22.06	22.64	23.22	22.73	22.24	21.89	21.51

SG&A	34	34	36	37	38	39	38	38	37	37	35	33	33	33	34	35	34	33	32	32
Change (%)		1.86	4.77	4.55	1.60	1.57	-1.39	-1.41	-1.09	-1.11	-5.05	-5.32	0.48	0.48	2.46	2.40	-2.58	-2.65	-2.33	-2.38
% of Revenue	11.48	11.27	10.96	10.69	10.60	10.51	10.37	10.23	10.56	10.92	11.19	11.50	12.15	12.88	13.17	13.46	13.26	13.06	13.18	13.30

R&D
Change (%)
% of Revenue

OpEx	261	270	292	313	324	335	336	337	325	313	290	267	250	234	233	233	232	232	226	220
Change (%)		3.64	7.91	7.33	3.50	3.38	0.25	0.25	-3.59	-3.72	-7.34	-7.92	-6.19	-6.60	-0.25	-0.25	-0.20	-0.20	-2.57	-2.64
% of Revenue	89.32	89.23	89.37	89.48	90.35	91.19	91.49	91.79	92.35	92.97	92.93	92.88	91.65	90.28	89.89	89.51	90.35	91.20	91.77	92.38

Operating Income	31	33	35	37	35	32	31	30	27	24	22	20	23	25	26	27	25	22	20	18
Change (%)		4.55	6.40	6.02	-6.00	-6.38	-3.47	-3.60	-10.80	-12.10	-6.75	-7.24	11.54	10.35	4.15	3.98	-8.99	-9.88	-9.44	-10.42
% of Revenue	10.68	10.77	10.63	10.52	9.65	8.81	8.51	8.21	7.65	7.03	7.07	7.12	8.35	9.72	10.11	10.49	9.65	8.80	8.23	7.62

Interest Expense	-2	-2	-2	-1	-1	-1	-2	-2	-2	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2
Change (%)		-3.27	-5.68	-6.02	0.19	0.19	10.08	9.16	-7.67	-8.30	-12.96	-14.89	-0.37	-0.37	6.58	6.17	-0.16	-0.17	13.36	11.78
% of Revenue	-0.57	-0.53	-0.47	-0.41	-0.40	-0.39	-0.43	-0.47	-0.45	-0.43	-0.41	-0.38	-0.39	-0.41	-0.44	-0.47	-0.47	-0.48	-0.56	-0.64

Net Income	21	23	24	26	25	23	23	23	22	21	19	18	19	19	20	21	20	19	17	16
Change (%)		10.96	5.77	5.45	-4.82	-5.07	0.04	0.04	-5.71	-6.05	-5.98	-6.36	1.78	1.75	4.54	4.34	-4.21	-4.39	-8.05	-8.76
% of Revenue	7.14	7.63	7.49	7.37	6.85	6.34	6.35	6.36	6.26	6.15	6.23	6.34	6.78	7.28	7.60	7.91	7.67	7.41	7.04	6.64

Source: Capital IQ

Tat Seng Packaging Group Ltd - Income Statement (TTM)

Income Statement (TTM)