Financial Performance - Revenue for the six months ended June 30, 2019, was approximately AUD 38.8 million, a decrease of about 0.2% compared to AUD 38.9 million for the same period last year[6] - Profit before tax decreased by approximately 33.2% to about AUD 4.6 million, primarily due to the absence of a one-time gain of AUD 4.8 million recorded in the previous period[6] - Gross profit decreased by about AUD 200,000 or approximately 2.5% to AUD 9.3 million, despite cost-sharing arrangements reducing subcontracting costs[6] - Other income significantly decreased from approximately AUD 5.7 million to about AUD 900,000, mainly due to the one-time gain from the cancellation of a foreign subsidiary's registration not recurring[8] - Net profit for the period was approximately AUD 3.3 million, a decrease of about 48.0% compared to AUD 6.3 million for the same period last year[8] - EBITDA is used as a measure to assess the performance of operating segments, consistent with internal financial reporting[66] - The company's EBITDA for the six months ended June 30, 2019, was AUD 5,884,000, a decrease of 9.5% from AUD 7,610,000 in the same period of 2018[67] - The company reported a pre-tax profit of AUD 4,580,000 for the six months ended June 30, 2019, down from AUD 6,857,000 in the same period of 2018, reflecting a decrease of 33.2%[67] - Basic earnings per share for the six months ended June 30, 2019, were AUD 3,270,000, compared to AUD 6,291,000 in the same period of 2018, indicating a decline of 48.0%[85] Operating Costs and Expenses - Direct operating costs increased by approximately 0.5% to about AUD 29.5 million due to rising input and manufacturing costs[6] - Tax expenses increased from approximately AUD 600,000 (effective tax rate: 8.3%) to about AUD 1.3 million (effective tax rate: 28.6%) due to the previous one-time gain not being present[8] - Operating expenses for the printing solutions segment were AUD 32,707,000, which is an increase from AUD 33,725,000 in the previous year[71] - The company incurred finance costs of AUD 38,000 for the six months ended June 30, 2019, compared to AUD 27,000 in the same period of 2018[77] Assets and Liabilities - As of June 30, 2019, the group's net current assets amounted to approximately AUD 39.1 million, down from AUD 40.8 million as of December 31, 2018[12] - The group's cash and bank balances, along with pledged deposits, totaled approximately AUD 27 million as of June 30, 2019, compared to AUD 30.7 million as of December 31, 2018[12] - Total assets as of June 30, 2019, were AUD 51,540 thousand, a slight decrease from AUD 51,732 thousand at the end of 2018[22] - Total liabilities increased by 2,479 thousand AUD due to the recognition of lease liabilities[45] - The net book value of property, plant, and equipment decreased to AUD 9,161,000 as of June 30, 2019, down from AUD 9,744,000 at the beginning of the year, reflecting a decline of approximately 6%[28] Cash Flow - Operating cash inflow for the six months ended June 30, 2019, was AUD 6,054,000, an increase of 8.5% compared to AUD 5,576,000 in 2018[29] - Net cash used in operating activities for the six months ended June 30, 2019, was AUD 2,355,000, a significant improvement from a cash outflow of AUD 401,000 in 2018[29] - Cash and cash equivalents at the end of the period were AUD 25,973,000, up from AUD 19,338,000 in the previous year, representing a 34.5% increase[31] - Total financing cash outflow for the six months ended June 30, 2019, was AUD 5,490,000, compared to AUD 3,994,000 in 2018, indicating a 37.5% increase[31] Investments and Capital Expenditures - During the period, the group acquired approximately AUD 9 million in property, plant, and equipment, an increase from approximately AUD 7 million in the previous period[14] - The group allocated approximately 57.2% of the net proceeds for machinery purchases, with an actual allocation of approximately HKD 38 million[16] - The group plans to upgrade its ERP system and IPALM platform, with approximately HKD 16 million allocated for this purpose[16] Shareholder Information - The company declared a proposed final dividend of AUD 7,899 thousand for the period[24] - The company declared an interim dividend of AUD 2,886,000 for the six months ended June 30, 2019, with a dividend per share of 3 Hong Kong cents[106] - The board has proposed an interim dividend of HKD 0.03 per share for the year ending June 30, 2019, with no interim dividend paid to OPUS Group Limited shareholders in 2018[131] Corporate Governance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules during the six months ended June 30, 2019[113] - The audit committee reviewed the financial report for the six months ending June 30, 2019, and confirmed compliance with applicable accounting standards[133] - The company has adopted a standard code for the trading of its securities by directors, with no known breaches reported for the six months ending June 30, 2019[127] Employee Information - The company has approximately 305 full-time employees as of June 30, 2019, compared to 301 employees as of June 30, 2018, indicating a growth in workforce[128] - The company's short-term compensation for key management personnel decreased to AUD 118,000 in 2019 from AUD 207,000 in 2018, representing a decline of 42.9%[111] - The total remuneration for key management personnel, including post-employment benefits, was AUD 129,000 in 2019, down from AUD 217,000 in 2018, a decrease of 40.4%[111] Accounting Standards and Policies - The adoption of IFRS 16 resulted in an increase of 2,913 thousand AUD in right-of-use assets[45] - The company has adopted the cumulative effect method for the application of IFRS 16, adjusting the retained earnings at the beginning of the first application date (January 1, 2019) without restating prior year comparative figures[58] - The company recognized lease liabilities at the present value of remaining lease payments discounted using the incremental borrowing rate as of January 1, 2019[58] Market and Segment Information - The company identified a reportable segment, namely Printing Solutions and Services, which provides digital and offset printing along with other business services[62] - The Printing Solutions and Services segment has expanded its service capabilities to include web hosting, electronic fulfillment arrangements, on-demand printing, and digital asset management[63] - The primary operating decision-makers do not use geographical segmentation for revenue reporting due to excessive costs associated with such segmentation[64]

Financial Performance - In 2018, the company reported revenue of approximately AUD 79.4 million, representing a year-on-year growth of about 0.2%[8] - The company's profit before tax rose by approximately 7.2% to AUD 8.5 million, primarily due to a one-time gain of AUD 4.8 million from the deregistration of a foreign subsidiary[8] - The gross profit for the year was approximately AUD 17.9 million, slightly decreasing by about AUD 100,000 or 0.6% from the previous year[12] - The gross profit margin remained stable at approximately 23% compared to the previous year[12] - Net profit for the year was approximately AUD 7,400,000, an increase of about 30.9% compared to AUD 5,700,000 in the previous year[14] - Adjusted net profit for the year, excluding non-recurring listing expenses, was approximately AUD 6,000,000, up about 4.8% from the previous year[14] - Total revenue for the year ended December 31, 2018, was AUD 79,398,000, an increase from AUD 79,206,000 in 2017, representing a growth of 0.24%[179] - Gross profit for 2018 was AUD 17,887,000, slightly down from AUD 17,993,000 in 2017, indicating a decrease of 0.59%[179] - The net profit for the year was AUD 7,449,000, up from AUD 5,690,000 in 2017, reflecting an increase of 31.03%[179] Operational Efficiency - Direct operating costs increased by approximately 0.5% to around AUD 61.5 million[8] - Capital investment decisions made in 2018 are expected to enhance operational efficiency, particularly in the reading book sector[9] - There are signs of a rebound in demand for short delivery educational books, especially in the primary and secondary markets[9] - The company continues to face challenges from rising input costs, including paper and energy prices, exacerbated by changes in the Australian political landscape[4] Financial Position - As of December 31, 2018, the group's current assets net value was approximately AUD 40,800,000, compared to AUD 29,100,000 as of December 31, 2017[17] - The group's cash and bank balances amounted to approximately AUD 30,700,000, an increase from AUD 25,700,000 in the previous year[17] - The current ratio improved to approximately 4.7 times, up from about 3.0 times as of December 31, 2017[17] - Total assets as of December 31, 2018, amounted to AUD 51,732,000, compared to AUD 43,362,000 in 2017, showing a growth of 19.88%[181] - The company's equity totalled AUD 52,640,000 in 2018, an increase from AUD 35,990,000 in 2017, representing a rise of 46.19%[184] - The company’s total liabilities decreased from AUD 14,274,000 in 2017 to AUD 10,897,000 in 2018, a reduction of 23.00%[181] Capital Expenditure - Capital expenditure for the year was approximately AUD 4,900,000, compared to AUD 1,800,000 in the previous year[19] - HKD 6.4 million was spent on purchasing two digital printing machines, two binding machines, and one pre-press machine to replace existing equipment[24] - HKD 6.2 million was allocated for the purchase of a binding machine to expand production capacity[24] - HKD 2.3 million was invested in upgrading the ERP system and IPALM platform, including approximately HKD 400,000 for server equipment and HKD 1.9 million for software development and purchase[24] Shareholder Information - The company reported a final dividend of HKD 0.05 per share for the year ended December 31, 2018, compared to AUD 0.01 per share for the previous year[55] - As of December 31, 2018, the company's distributable reserves amounted to approximately AUD 33.3 million, a significant increase from zero the previous year[57] - The total amount raised from the share issuance was approximately HKD 105,000,000, with net proceeds of about HKD 66,500,000 after deducting related listing expenses[20] Corporate Governance - The board of directors has been restructured, with several new appointments made in 2018, indicating a potential shift in strategic direction[64] - The company has implemented corporate governance measures to manage potential conflicts of interest arising from related party transactions[87] - The independent non-executive directors have reviewed related party transactions and confirmed compliance with the relevant listing rules[89] - The company successfully listed on the Hong Kong Stock Exchange on October 8, 2018, adopting the Corporate Governance Code and Corporate Governance Report as per the listing rules[100] - The board consists of seven members as of December 31, 2018, including three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced mix of skills and experience[103] Risk Management - The company has established a continuous procedure to identify, assess, and manage significant risks[112] - The board believes that the risk management and internal control systems are adequate and effective[114] - The audit committee's main functions include overseeing the relationship with external auditors and reviewing the effectiveness of the group's risk management and internal control systems[131] Market Challenges - The prices of raw materials, particularly paper, are subject to fluctuations and periodic shortages, which can significantly impact the company's business and profitability if costs cannot be passed on to customers[47] - The increasing popularity of electronic information and media may affect the demand for printed products, thereby impacting the company's printing solutions and services[48] - The overall market is experiencing a downturn, leading to a potential decrease in demand for non-essential products like books, which may result in reduced customer orders for printing services[52] Employee Information - The group employed approximately 301 full-time staff as of December 31, 2018, an increase from 292 staff in the previous year[19] - The company encourages directors to participate in professional development courses related to corporate governance and compliance with listing rules[120] Audit and Compliance - The audit committee met once formally to discuss the nature and scope of the audit with external auditors[132] - The total fees for audit-related services provided by the auditor and its network companies amounted to AUD 521,000 for the year ended December 31, 2018[135] - The audit opinion confirms that the consolidated financial statements fairly present the group's financial position as of December 31, 2018[151]