First half 2022 results:
- EPS: S$0.019 (down from S$0.02 in 1H 2021).
- Revenue: S$91.0m (up 2.9% from 1H 2021).
- Net income: S$42.7m (down 1.3% from 1H 2021).
- Profit margin: 47% (down from 49% in 1H 2021). The decrease in margin was driven by higher expenses.
Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 21%.Over the next year, revenue is forecast to grow 9.3%, compared to a 11% growth forecast for the industry in Singapore.
Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year.