Financial Performance

Financial Years Ended 31 December 2013, 2014, 2015 and 2016, and Financial Period Ended 31 March 2017

Financial Performance (including China Operation)
FY2013(2) FY2014(3) FY2015 FY2016(5) 1Q2017
For the Year/Period (S$(Million))
Net revenue 31.58 36.68 41.53 40.69 11.17
Profit before tax 8.20 10.87 12.75 6.78 2.25
Profit from continuing operations 7.62 10.48 12.10 6.01 1.96
Profit attributable to owners of the Company from
continuing operations
7.86 10.51 12.10 6.13 2.01
           
Net Revenue
Recurring net revenue 25.62 29.48 34.64 34.71 9.41
Non-recurring net revenue 5.96 7.20 6.89 5.98 1.76
Total net revenue 31.58 36.68 41.53 40.69 11.17
           
Per Share
Earnings per share (cents) 3.89 5.06 4.65 2.08 0.77
Dividend per share (cents) 1.98(4) 5.38 2.79 2.79 0.68
           
Financial Ratios
Profit before tax margin (based on net revenue) 25.9% 29.6% 30.7% 16.7% 20.1%
Return on equity (per annum)(1) 31.4% 38.7% 16.4% 8.0% 10.1%
Financial Performance (excluding China Operation)
FY2013(2) FY2014(3) FY2015 FY2016(5) 1Q2017
For the Year/Period (S$(Million))
Net revenue 31.58 36.68 41.53 40.46 11.12
Profit before tax 8.20 11.39 13.73 10.51 3.23
Profit from continuing operations 7.62 11.00 13.08 9.74 2.95
Profit attributable to owners of the Company from
continuing operations
7.86 11.03 13.08 9.74 2.95
           
Net Revenue
Recurring net revenue 25.62 29.48 34.64 34.54 9.37
Non-recurring net revenue 5.96 7.20 6.89 5.92 1.75
Total net revenue 31.58 36.68 41.53 40.46 11.12
           
Per Share
Earnings per share (cents) 3.89 5.31 5.03 3.46 1.13
Dividend per share (cents) 1.98(4) 5.38 2.79 2.79 0.68
           
Financial Ratios
Profit before tax margin (based on net revenue) 25.9% 31.0% 33.1% 26.0% 29.1%
Return on equity (per annum)(1) 31.4% 40.6% 17.7% 12.7% 14.8%
Financial Position and Operating Cashflows
FY2013 FY2014 FY2015 FY2016 1Q2017
At Year/Period End (S$ (Million))
Non-current assets 4.36 4.07 8.48 14.70 14.73
Net current assets 20.70 63.16 68.32 64.40 66.28
Non-current liabilities (0.43) (0.33) (0.24) (0.50) (0.47)
Net assets 24.63 66.91 76.56 78.60 80.54
           
Shareholders' equity 23.97 66.91 76.56 78.45 80.36
           
Net cash from operating activities 7.13 10.18 14.18 5.63 2.81

Note:
(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective periods.
(2) Excluding one-off gain of S$0.62 million on distribution to owners of the Company in October 2013.
(3) Excluding IPO expenses of S$1.95 million in December 2014.
(4) Excluding dividend by way of distribution in specie in October 2013.
(5) Excluding a one-off impairment loss of S$0.68 million on investments in financial assets recognised in 4Q2016.