First quarter 2022 results:
- EPS: S$0.70.
- Revenue: S$3.69b (down 4.0% from 1Q 2021).
- Net income: S$1.80b (down 10% from 1Q 2021).
- Profit margin: 49% (down from 52% in 1Q 2021). The decrease in margin was primarily driven by lower revenue.
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Over the next year, revenue is forecast to grow 15%, compared to a 29% growth forecast for the industry in Singapore.