Full year 2022 results:
- EPS: S$0.12 (up from S$0.034 in FY 2021).
- Revenue: S$15.3b (down 1.9% from FY 2021).
- Net income: S$1.95b (up 252% from FY 2021).
- Profit margin: 13% (up from 3.5% in FY 2021). The increase in margin was driven by lower expenses.
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 11%.
Over the next year, revenue is forecast to grow 3.3%, compared to a 4.2% growth forecast for the industry in Singapore.
Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.