S1000 company profit

Source: https://www.businesstimes.com.sg/government-economy/singapores-top-firms-enjoyed-record-profits-but-revenues-flat-study
Source: https://www.dpgroup.com.sg/s1000/FileLoader/PressFile/35?name=002Media%20Slides.pdf
Source: https://www.dpgroup.com.sg/s1000/FileLoader/PressFile/35?name=003Speech%20by%20Mr%20James%20Gothard%2C%20General%20Manager%2C%20Credit%20Services%20and%20Strategy%20SEA%2C%20Experian.pdf


The Singapore 1000 (S1000) ranks the largest 1,000 firms in Singapore by revenue, published together with the SME 1000 - a ranking of the top 1,000 SMEs.

The 1,000 largest companies saw a 10.5 per cent jump in annual profits for years ended May 31, from S$165.4 billion in the period ended 2016 to S$182.8 billion in the period ended 2017, according to a study by Experian outfit DP Information Group (DP Info) and co-produced by EY.

Between 2013 and 2018, the combined profits of the S1000 companies increased by S$36.0 billion. This equates to a five-year compounded annual growth rate of 4.5 per cent.

For the S1000 companies, turnover only ticked up slightly by 1.1 per cent to S$2.79 trillion in the period ended 2017. That suggests that the increase in profits was the result of improved margins, rather than increased sales volumes.

While Singapore's largest firms had a record-breaking year, SME 1000 firms saw their turnover and profits fall.

Combined turnover for the smaller companies fell 11.8 per cent from S$30.2 billion in the 2016-2017 period to S$26.7 billion the next year, while profits declined from a combined S$3.5 billion to S$2.9 billion - a drop of 17.1 per cent.

The authors of the study also published the Singapore International 100 ranking for the top 100 firms based on overseas revenue and the Singapore International Top 50 SMEs ranking.

For the latest period, the total overseas revenue of the top 100 internationalised firms in Singapore fell 11 per cent to S$165.4 billion.

China continued to be the largest source market for Singapore's largest corporations doing business overseas, accounting for 42.9 per cent of offshore revenue.

The total overseas revenue of the top 50 internationalised SMEs increased by 3.3 per cent to S$1.6 billion.

Southeast Asia was the most important market for the 50 SMEs ranked.