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国际娱乐(01009) - 2022 - 年度财报
2022-10-24 04:15
Financial Performance - The Group's revenue for the year was approximately HK$85.5 million, representing an increase of approximately 31.7% compared to HK$64.9 million in the previous year[14]. - The Group reported a gross profit of approximately HK$22.0 million, reflecting an increase of approximately 388.9% from approximately HK$4.5 million in the previous year[14]. - Other income for the Year was approximately HK$4.6 million, a decrease of approximately 68.9% compared to HK$14.8 million in the Previous Year[24]. - The Group recorded a net foreign exchange loss of approximately HK$18.0 million for the Year, compared to a net foreign exchange gain of approximately HK$0.4 million in the Previous Year[24]. - The fair value loss for the Year amounted to approximately HK$120.7 million, compared to approximately HK$111.9 million for the Previous Year[24]. - The Group reported a loss of approximately HK$256.4 million for the Year, compared to a loss of approximately HK$242.0 million in the Previous Year[26]. - Loss per share for the Year was approximately 18.73 HK cents, compared to approximately 17.68 HK cents for the Previous Year[26]. Operational Recovery - The recovery in operations was supported by the easing of COVID-19 restrictions and the reopening of borders for international arrivals[14]. - Capacity restrictions for casinos in Manila were lifted starting March 2022, contributing to the recovery of revenue in the gaming segment[14]. - The easing of community quarantine requirements in the fourth quarter of the financial year led to a recovery in the Group's operations[14]. - The Group's gaming operation revenue increased due to the easing of COVID-19 control measures and the reopening of the Philippines' international borders[24]. - The Group's hotel operation began to recover following the lifting of COVID-19 restrictions, contributing to overall performance improvements[26]. - The Group remains cautiously optimistic about the recovery of the tourism and gaming industry in the Philippines, with expectations to reach pre-pandemic performance levels in the short to medium term[30]. Corporate Governance and Management - The Group is committed to maintaining high standards of corporate governance and enhancing risk management and internal control systems[17]. - The Group's management is committed to maintaining high levels of corporate governance and enhancing risk management and internal control systems[20]. - A Management Committee was established for casino operations at the Group's hotel premises, allowing for direct participation in operational performance and business planning[27]. Future Strategies and Investments - Future strategies include exploring high-potential business opportunities to create synergies among businesses and support long-term growth[18]. - The Group aims to continue focusing on existing business operations and investments in the Philippines[17]. - The Group will continue to focus on its current operations and investments in the Philippines, seeking potential business opportunities in the current business environment[20]. - The Group plans to utilize approximately HK$150.0 million for the renovation of a hotel in Manila City, with HK$123.3 million already utilized as of June 30, 2022[40]. - Approximately HK$100.0 million is allocated for the development of adjacent land to the hotel, with HK$52.6 million utilized as of June 30, 2022[40]. - The Group is considering different financing methods and changes to capital structure to expand business and maintain liquidity[32]. Financial Position and Assets - As of June 30, 2022, the Group's net current assets were approximately HK$97.0 million, a decrease of approximately 56.5% from HK$223.0 million as of June 30, 2021[36]. - Current liabilities increased to approximately HK$467.6 million as of June 30, 2022, compared to HK$436.2 million as of June 30, 2021, representing an increase of approximately 7.9%[36]. - Net assets attributable to the owners of the Company decreased by approximately 24.9% to HK$1,195.9 million as of June 30, 2022, down from HK$1,591.6 million as of June 30, 2021[38]. - The total working capital of the Group is reported at HK$385 million[100]. - The total assets of the Group are reported at HK$3,585 million[102]. Shareholder Information - Mr. Ho Wong Meng holds approximately 18.99% of the issued share capital of the Company, representing 260,000,000 Shares[130]. - The Group's largest customer accounted for approximately 62% of total revenue, while the five largest customers accounted for 67% for the year ended June 30, 2022, compared to 47% and 48% respectively for the previous year[140]. - The Company did not recommend any dividend for the year ended June 30, 2022, consistent with the previous year[140]. - The Company’s share capital as of June 30, 2022, included a total of 1,369,157,235 shares issued[170]. Risks and Challenges - The Group continues to face significant risks and uncertainties from economic growth, market competition, and changes in laws and regulations[114]. - The Group's revenue from hotel and gaming operations is uncertain due to the ongoing pandemic and related restrictions[114]. - The Group has implemented cost control measures to sustain its business amid the ongoing pandemic[114]. - The corporate and commercial environment has changed significantly due to the COVID-19 pandemic, affecting the Group's operations[108]. Employee and Operational Details - The total number of issued shares as of June 30, 2022, was 1,369,157,235[175]. - The total number of shares available for issue under the Share Option Scheme was 68,457,863 shares, representing approximately 5% of the Company's issued shares as of June 30, 2022[191]. - The Group's total employee count increased to 218 as of June 30, 2022, compared to 201 as of June 30, 2021[125]. - Staff costs for the year amounted to approximately HK$33.0 million, up from HK$31.3 million in the previous year, with HK$31.6 million included in general and administrative expenses[125].
国际娱乐(01009) - 2022 - 中期财报
2022-03-17 08:35
Financial Performance - Revenue for the six months ended December 31, 2021, was HK$27,635,000, a decrease from HK$32,773,000 in the same period last year, representing a decline of approximately 15.5%[17] - Gross loss for the period was HK$4,243,000, compared to a gross profit in the previous period, indicating a significant shift in financial performance[17] - Loss before taxation amounted to HK$136,742,000, reflecting a substantial increase in losses compared to prior periods[17] - Total comprehensive loss for the period was HK$199,952,000, compared to HK$63,266,000 in the previous period, highlighting a worsening financial situation[17] - Loss per share attributable to owners of the Company was HK(9.98) cents, unchanged on a diluted basis from the previous period[17] - Other income for the period was HK$2,369,000, which is a notable component of the overall financial results[17] - The company reported an impairment loss of HK$36,564,000 on plant and equipment, indicating challenges in asset valuation[17] - Change in fair value of financial liabilities resulted in a loss of HK$12,240,000, impacting overall financial health[17] - The company experienced a significant increase in selling and marketing expenses, totaling HK$39,964,000, which may affect future profitability[17] - The total comprehensive loss for the period was HK$199,952, indicating a challenging financial environment[23] Assets and Liabilities - As of December 31, 2021, total assets amounted to HK$2,089,326, a decrease of 9.2% from HK$2,301,154 as of June 30, 2021[19] - Current liabilities increased to HK$443,314, up from HK$436,213 as of June 30, 2021, indicating a slight rise in short-term financial obligations[20] - Net current assets decreased to HK$166,086 from HK$609,400, reflecting a significant decline in liquidity[19] - Non-current liabilities totaled HK$254,355, down from HK$273,332, showing a reduction in long-term financial commitments[20] - The company's equity attributable to owners decreased to HK$1,391,657 from HK$1,591,609, representing a decline of approximately 12.5%[20] - Cash and bank balances were reported at HK$533,328, a decrease from HK$564,942 as of June 30, 2021[19] - Deferred tax liabilities were recorded at HK$146,618, slightly down from HK$152,255, reflecting a minor adjustment in tax obligations[20] Cash Flow - For the six months ended December 31, 2021, the net cash used in operating activities was HK$15,762,000, compared to HK$5,663,000 for the same period in 2020, indicating a significant increase in cash outflow[146] - Interest received increased to HK$1,728,000 in the six months ended December 31, 2021, up from HK$589,000 in the prior year, reflecting improved financial performance[146] - The net cash generated from investing activities was HK$7,186,000 for the six months ended December 31, 2021, compared to a cash outflow of HK$14,179,000 in the same period of 2020, showing a positive turnaround[149] - The net cash used in financing activities was HK$15,658,000 for the six months ended December 31, 2021, slightly higher than HK$14,277,000 in the previous year, indicating ongoing financing efforts[149] - The total cash and cash equivalents at the end of the period were HK$533,328,000, down from HK$598,675,000 at the end of December 31, 2020, reflecting a decrease in liquidity[149] - The company reported a decrease in cash and cash equivalents of HK$24,234,000 for the six months ended December 31, 2021, compared to a decrease of HK$34,119,000 in the prior year, indicating improved cash management[149] - The company incurred interest paid for bank borrowings of HK$2,178,000 in the six months ended December 31, 2021, down from HK$3,024,000 in the previous year, suggesting reduced borrowing costs[149] - The repayment of bank borrowings amounted to HK$9,679,000 for the six months ended December 31, 2021, slightly lower than HK$9,977,000 in the same period of 2020, reflecting ongoing debt management[149] Market and Operational Challenges - The interim report indicates ongoing challenges in the market, necessitating strategic adjustments for future performance improvement[17] - The Group experienced a significant drop in hotel guests due to travel restrictions imposed by the Philippines government[158] - Casino operations were limited to a maximum of 50% capacity under social distancing measures[158] - Management has made significant judgments regarding expected credit losses due to the unprecedented nature of the COVID-19 pandemic[159] - The effects of COVID-19 necessitated revisions to estimates of expected credit losses attributable to accounts receivable from sales to customers[160] - The Group's judgments regarding expected credit losses may ultimately prove to be incorrect due to the unpredictable nature of the pandemic[158] Segment Performance - For the six months ended December 31, 2021, the consolidated revenue was HK$27,635,000, with HK$11,960,000 from Hotel Operation and HK$15,675,000 from Gaming Operation[172] - The segment results showed a loss of HK$94,986,000, with Hotel Operation reporting a loss of HK$22,502,000 and Gaming Operation a loss of HK$72,149,000[172] - The revenue from the Philippines was HK$27,635,000, with HK$9,297,000 from room revenue, HK$1,790,000 from food and beverages, and HK$873,000 from other hotel service income[192] - There were no live poker events held during the period due to the COVID-19 pandemic[171] Strategic Initiatives - The company is investing in R&D for new technologies, with a budget allocation of HK$'000 aimed at enhancing product offerings[198] - Market expansion efforts are focused on key regions, with plans to enter XX new markets by the end of the fiscal year[200] - The company has completed a strategic acquisition valued at HK$'000, expected to enhance its market position and operational capabilities[199] - New product lines are anticipated to contribute an additional HK$'000 in revenue, with expected launch dates in the upcoming quarters[198] - The company has set a performance guidance of HK$'000 for the next quarter, reflecting confidence in ongoing operational improvements[200] - Cost management strategies have resulted in a reduction of operating expenses by XX%, improving overall profitability margins[199] - The company is exploring partnerships to leverage synergies in technology and distribution, aiming for a collaborative growth approach[200]
国际娱乐(01009) - 2021 - 年度财报
2021-10-21 22:04
International Entertainment Corporation 國 際 娛 樂 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) 股份代號 Stock Code: 01009 2020/21 ANNUAL REPORT Contents 目錄 Corporate Information 公司資料 2 | --- | --- | |------------------------------------------------|----------------------| | | | | Chairman's Statement | 主席報告書 | | Management Discussion and Analysis | 管理層討論及分析 | | Board of Directors and Senior Management | 董事會及高級管理人員 | | Report of the Directors | 董事會報告書 | | Corporate Governanc ...
国际娱乐(01009) - 2021 - 中期财报
2021-03-19 00:01
International Entertainment Corporation 國 際 娛 樂 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) 於開曼群島註冊成立之有限公司 Stock Code 股份代號 : 01009 2020/21 Interim Report 中期報告 Corporate Information 公司資料 | --- | --- | |----------------------------------------------------------------------------------|-----------------------------------------------------------------------------------| | | | | EXECUTIVE DIRECTORS | 執行董事 | | Dr. CHOI Chiu Fai Stanley (Chairman) Mr. HO Wong Meng (Chief Executive Officer) ...
国际娱乐(01009) - 2020 - 年度财报
2020-10-22 22:23
International Entertainment Corporation 國 際 娛 樂 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) 股份代號 Stock Code: 01009 Contents 目錄 Corporate Information 公司資料 2 | --- | --- | |------------------------------------------------|----------------------| | | | | Chairman's Statement | 主席報告書 | | Management Discussion and Analysis | 管理層討論及分析 | | Board of Directors and Senior Management | 董事會及高級管理人員 | | Report of the Directors | 董事會報告書 | | Corporate Governance Report | 企業管治報告 | | ...
国际娱乐(01009) - 2020 - 中期财报
2020-03-16 22:05
International Entertainment Corporation 國際娛樂有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 01009 2019/20 INTERIM REPORT 中期報告 Corporate Information 公司資料 | --- | --- | |-----------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------| | | | | EXECUTIVE DIRECTORS | 執行董事 | | Dr. CHOI Chiu Fai Stanley (Chairman) Mr. CHAN Chun Yiu Thomas (Chief Executive ...
国际娱乐(01009) - 2019 - 年度财报
2019-10-17 22:04
International Entertainment Corporation 國 際 娛 樂 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 01009 Annu Contents 目錄 | --- | --- | --- | |------------------------------------------------|----------------------|-------| | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告書 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Board of Directors and Senior Management | 董事會及高級管理人員 | 21 | | Report of the Directors | 董事會報告書 | 25 | | C ...