Financial Performance
Financial Years Ended 31 December 2018，2019，2020，2021 and and the Financial Period ended 30 September 2022
Financial Performance| FY2018 | FY2019 | FY2020 | FY2021 | 9M2022(3) | |
|---|---|---|---|---|---|
| For the Year/Period (S$ Million) | |||||
| Total Net revenue(6) | 60.45 | 65.91 | 86.64 | 113.91 | 88.48 |
| Profit before tax | 12.35 | 11.07 | 25.39 | 35.82 | 13.65(4) |
| Profit after tax | 10.69 | 9.31 | 20.96 | 30.41 | 9.58(4) |
| Net profit attributable to owners of the Company | 10.91 | 9.52 | 21.15 | 30.63 | 5.13(4) |
| Net Revenue(6) | |||||
| Recurring net revenue | 49.15 | 53.65 | 61.17 | 79.38 | 62.28 |
| Non-recurring net revenue | 11.30 | 12.26 | 25.47 | 34.53 | 26.20 |
| Total net revenue(6) | 60.45 | 65.91 | 86.64 | 113.91 | 88.48 |
| Per Share | |||||
| Earnings per share (cents) | 4.10 | 3.55 | 7.80 | 11.10 | 3.53(4) |
| Dividend per share (cents) | 3.15 | 3.15 | 3.30 | 4.80 | 3.40 |
| Financial Ratios | |||||
| Profit before tax margin (based on net revenue) | 20.7% | 17.0% | 29.6% | 31.6% | 15.4%(4) |
| Return on equity (per annum)(1) | 13.1% | 10.9% | 21.8% | 25.8% | 5.9%(4)/(5) |
Financial Position and Operating Cashflows
| FY2018 | FY2019(2) | FY2020 | FY2021 | 9M2022 | |
|---|---|---|---|---|---|
| At Year/Period End (S$ Million) | |||||
| Non-current assets | 30.33 | 52.46 | 59.68 | 70.21 | 115.48 |
| Net current assets | 56.62 | 49.86 | 58.35 | 68.03 | 124.30 |
| Non-current liabilities | (1.60) | (12.68) | (14.63) | (10.61) | (9.28) |
| Net assets | 85.35 | 89.64 | 103.40 | 127.63 | 230.50 |
| Shareholders' equity | 85.56 | 90.06 | 104.11 | 128.65 | 223.27 |
| Net cash from operating activities | 17.62 | 19.38 | 41.56 | 46.53 | 4.92 |
Notes:
(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Adoption of SFRS(I) 16 Leases with effect from 1 January 2019.
(3) Includes the new banking operation from end of March 2022.
(4) Excluding impairment loss of S$5.2 million related to India Business recognised in Jun 2022.
(5) The Group conducted a S$103 million share placement exercise in January 2022.
(6) Including net interest revenue.