Financial Performance
Financial Years Ended 31 December 2017, 2018，2019 and 2020 and 9M2021
Financial Performance| FY2017(2) | FY2018 | FY2019 | FY2020 | 9M2021 | |
|---|---|---|---|---|---|
| For the Year/Period (S$ Million) | |||||
| Net revenue | 49.45 | 59.62 | 65.20 | 85.86 | 84.99 |
| Profit before tax | 8.75 | 12.35 | 11.07 | 25.39 | 27.79 |
| Profit after tax | 7.49 | 10.69 | 9.31 | 20.96 | 23.27 |
| Net profit attributable to owners of the Company | 7.70 | 10.91 | 9.52 | 21.15 | 23.43 |
| Net Revenue | |||||
| Recurring net revenue | 40.95 | 48.32 | 52.94 | 60.39 | 57.78 |
| Non-recurring net revenue | 8.50 | 11.30 | 12.26 | 25.47 | 27.21 |
| Total net revenue | 49.45 | 59.62 | 65.20 | 85.86 | 84.99 |
| Per Share | |||||
| Earnings per share (cents) | 2.92 | 4.10 | 3.55 | 7.80 | 8.50 |
| Dividend per share (cents) | 3.01 | 3.15 | 3.15 | 3.30 | 3.40 |
| Financial Ratios | |||||
| Profit before tax margin (based on net revenue) | 17.7% | 20.7% | 17.0% | 29.6% | 32.7% |
| Return on equity (per annum)(1) | 9.7% | 13.1% | 10.9% | 21.8% | 26.9% |
Financial Position and Operating Cashflows
| FY2017(2) | FY2018 | FY2019(3) | FY2020 | 9M2021 | |
|---|---|---|---|---|---|
| At Year/Period End (S$ Million) | |||||
| Non-current assets | 22.28 | 30.33 | 52.46 | 59.68 | 65.80 |
| Net current assets | 60.18 | 56.62 | 49.86 | 58.35 | 70.80 |
| Non-current liabilities | (1.21) | (1.60) | (12.68) | (14.63) | (12.19) |
| Net assets | 81.25 | 85.35 | 89.64 | 103.40 | 124.41 |
| Shareholders' equity | 81.24 | 85.56 | 90.06 | 104.11 | 125.27 |
| Net cash from operating activities | 13.22 | 17.62 | 19.38 | 41.56 | 30.93 |
Notes:
(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Restated as a result of adoption of SFRS(I)s with effect from 1 January 2018 for comparison purpose.
(3) Adoption of SFRS(I) 16 Leases with effect from 1 January 2019.