Second quarter 2021 earnings released: EPS S$0.66 (vs S$0.49 in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: S$3.51b (up 22% from 2Q 2020).
- Net income: S$1.70b (up 37% from 2Q 2020).
- Profit margin: 49% (up from 43% in 2Q 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth.