Financial Performance - Revenue for the year ended March 31, 2025, was HKD 331,408,000, a decrease of 37.1% compared to HKD 527,246,000 in the previous year[2] - Gross profit for the same period was HKD 44,303,000, down 5.4% from HKD 46,813,000[2] - Profit before tax increased significantly to HKD 10,432,000, a 298.0% increase from HKD 2,621,000[2] - Net profit attributable to owners of the company surged to HKD 8,390,000, compared to HKD 350,000 in the previous year, marking a 2,297.1% increase[2] - Basic and diluted earnings per share rose to HKD 1.0, up from HKD 0.0, reflecting a 2,297.1% increase[2] - Total comprehensive income for the year was HKD 8,502,000, compared to HKD 78,000 in the previous year[4] - The company reported a total of HKD 287,105 million in segment profit or loss for the Building segment for the year ending March 31, 2025, compared to HKD 480,433 million for the previous year, reflecting a decline of about 40.3%[23] - The group reported a profit attributable to shareholders of approximately HKD 8.4 million for the year ending March 31, 2025, an increase of approximately HKD 8.0 million or 2,297.1% compared to HKD 0.4 million for the year ending March 31, 2024[69] Dividends - The board recommended a final dividend of HKD 0.5 per share for the year ended March 31, 2025[2] - A final dividend of HKD 0.005 per share, totaling HKD 4 million, has been proposed for the year ending March 31, 2025, pending shareholder approval[41] - The final dividend is expected to be paid on or around October 6, 2025, pending shareholder approval at the AGM[98] Assets and Liabilities - The total assets of the company as of March 31, 2025, amounted to HKD 167,344 million, a decrease from HKD 219,078 million in the previous year[5] - The total liabilities decreased to HKD 205,417 million from HKD 201,856 million, indicating a slight reduction in financial obligations[5] - The net asset value of the company is HKD 167,344 million, compared to HKD 162,842 million in the previous year, showing a stable asset base[5] - The company reported a total current asset value of HKD 248,431 million, down from HKD 294,038 million, reflecting a decrease in liquidity[5] - The company’s cash and cash equivalents were HKD 18,358 million, a decrease from HKD 21,105 million, indicating a reduction in cash reserves[5] - The company’s total non-current assets were valued at HKD 124,330 million, slightly down from HKD 126,896 million, indicating a minor decline in long-term investments[5] - The group’s current assets were approximately HKD 248.4 million as of March 31, 2025, down from HKD 294.0 million as of March 31, 2024[71] - The group’s debt-to-equity ratio was approximately 49.0% as of March 31, 2025, compared to 50.6% as of March 31, 2024[72] Revenue Segments - The company’s total revenue from construction services remains a key focus area, with ongoing projects in Hong Kong and Macau[7] - The construction segment generated revenue of HKD 313,817,000, with a segment profit of HKD 7,395,000[16] - The Building Solutions segment reported revenue of HKD 8,895,000, achieving a profit of HKD 570,000[16] - The construction segment for the previous year reported revenue of HKD 516,808,000 and a profit of HKD 15,172,000[18] - The revenue from Building Solutions for the fiscal year ending March 31, 2025, was HKD 8,895,000, an increase from HKD 5,622,000 in 2024, reflecting a growth of approximately 58.8%[28] - The group’s construction revenue for the year ending March 31, 2025, was approximately 313.0 million HKD, a decrease of about 203.8 million HKD or 39.4% compared to the previous fiscal year[62] Expenses - The company experienced a foreign exchange loss of HKD 19,000 from its overseas operations, compared to a loss of HKD 223,000 in the previous year[4] - The company reported a significant increase in administrative expenses, totaling HKD 30,029,000, slightly down from HKD 30,666,000[4] - The group’s administrative and other operating expenses for the year ending March 31, 2025, were approximately 30.0 million HKD, a decrease of about 0.6 million HKD or 2.1% from the previous year[67] - The total employee costs for the year ending March 31, 2025, were approximately HKD 64.2 million, a decrease from HKD 72.5 million for the year ending March 31, 2024[85] Taxation - The income tax expense for the year 2025 was HKD 1,911,000, compared to HKD 2,320,000 in 2024, indicating a reduction of approximately 17.6%[35] - The group recorded an income tax expense of approximately HKD 1.9 million for the year ending March 31, 2025, with an effective tax rate of approximately 18.3%, down from 88.5% in the previous year[68] Strategic Focus - The company is committed to enhancing its offerings in air quality, energy efficiency, and sustainable building materials, aligning with market trends[7] - The company plans to continue focusing on strategic investments and market expansion in the upcoming fiscal years[22] - The group continues to focus on expanding its influence in the construction environment sector through strategic investments and exploring new market opportunities[50] - The group is actively renewing business relationships with previous clients and aggressively bidding for more projects despite market challenges[56] Future Outlook - The group anticipates strong momentum entering the 2025/2026 fiscal year, having secured four large projects in the latter half of the reporting period, which exceed the total revenue of the previous fiscal year[55] - The group remains optimistic about the economic outlook in Hong Kong, anticipating improved business levels for the fiscal year 2025/2026[60]

| (03004) | | | | | --- | --- | --- | --- | | 江苏宁沪高速公路 | 10.440 | 10.520 | 0.57% | | (00177) | | | | | 嘉里建设(00683) | 18.880 | 19.360 | 0.57% | | 万洲国际(00288) | 7.280 | 7.350 | 0.55% | | 港灯－ＳＳ(02638) | 5.720 | 5.780 | 0.52% | | 富邦沪深港高股息 | 14.460 | 14.490 | 0.49% | | (03190) | | | | | ＧＸ０３月债－Ｕ | 7.040 | 7.040 | 0.43% | | (09440) | | | | | 农业银行(01288) | 5.150 | 5.160 | 0.39% | | 中国财险(02328) | 15.560 | 15.560 | 0.39% | | 恒隆集团(00010) | 11.360 | 11.380 | 0.35% | | 贤能集团(01730) | 3.020 | 3.020 | 0.33% | | 粤港湾控股(0139 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$ 123.5 million, a decrease of 43.0% compared to HK$ 216.9 million in the same period of 2023[13]. - Gross profit increased by 53.8% to HK$ 19.6 million, up from HK$ 12.7 million year-on-year[14]. - Profit before income tax expense was HK$ 4.8 million, a significant turnaround from a loss of HK$ 4.9 million in the previous year, representing a 198.4% improvement[15]. - Profit attributable to the owners of the Company for the period was HK$ 4.2 million, compared to a loss of HK$ 4.9 million in the same period last year, marking a 184.5% increase[18]. - The Group's profit attributable to owners for the six months ended September 30, 2024 was approximately HK$ 4.2 million, an increase of approximately HK$ 9.1 million or approximately 184.5% compared to a loss of approximately HK$ 4.9 million in the previous year[95]. - The total comprehensive income for the six months ended September 30, 2024, was HK$ 4,462,000, compared to a total comprehensive loss of HK$ 5,505,000 for the same period in 2023[147]. Revenue Breakdown - The Group's revenue from contracting for the six months ended September 30, 2024 was approximately HK$ 112.5 million, representing a decrease of approximately HK$ 100.9 million or approximately 47.2% compared to the same period last year[74]. - Revenue and other gains/(losses) totaled approximately HK$ 123.5 million, down from HK$ 216.9 million in the same period last year[50]. - The revenue from fitting-out projects was approximately HK$ 87.5 million, accounting for 77.8% of total revenue, while A&A projects contributed approximately HK$ 24.9 million or 22.2%[73]. - Building Solutions segment generated revenue of HK$ 5,659, compared to HK$ 2,193 in the prior year, indicating an increase of approximately 158%[186][188]. - Property Investments segment revenue was HK$ 4,034, up from HK$ 3,481, representing an increase of approximately 16%[186][188]. Assets and Liabilities - Total assets as of September 30, 2024, were HK$ 350.8 million, reflecting a decrease of 16.7% from HK$ 420.9 million as of March 31, 2024[22]. - Current assets totaled HK$ 219,743,000 as of September 30, 2024, compared to HK$ 294,038,000 as of March 31, 2024, indicating a decrease of about 25.2%[146]. - The Group's bank borrowings as of 30 September 2024 were approximately HK$ 74.4 million, a decrease from HK$ 78.0 million as of 31 March 2024[95]. - The gearing ratio of the Group was approximately 47.3% as of September 30, 2024, a decrease from 50.6% as of March 31, 2024[106]. - As of September 30, 2024, pledged deposits amounted to approximately HK$ 8.2 million, down from HK$ 13.4 million as of March 31, 2024[135]. Segment Performance - The contracting segment recorded a profit of approximately HK$ 0.1 million, with the Group completing 7 projects and being awarded 6 projects during the period[56]. - BSL segment profit increased significantly, registering approximately HK$ 1.1 million, with sales revenue growing by 158% year on year[56]. - The strategic investments division reported a segment profit of approximately HK$ 1.8 million, driven by an unrealized fair value gain from a large Real Estate Investment Trust investment[59]. - The property investment division also registered a segment profit of approximately HK$ 1.1 million, with Adelaide Chambers achieving full occupancy[59]. - Total segment profit for the six months ended September 30, 2024, was HK$ 4,147, compared to a loss of HK$ 3,850 in the same period of 2023[186][188]. Cash Flow and Expenses - Cash flows from operating activities for the six months ended September 30, 2024, resulted in a net cash inflow of HK$ 35,598,000, compared to a net outflow of HK$ 11,723,000 for the same period in 2023[153]. - The total staff costs for the six months ended September 30, 2024, were approximately HK$ 30.5 million, compared to approximately HK$ 33.9 million for the same period in 2023[111]. - Administrative and other operating expenses decreased by approximately HK$ 2.8 million or approximately 17.4%, totaling approximately HK$ 13.1 million for the six months ended September 30, 2024[95]. - The company reported a net decrease in cash and cash equivalents of HK$ 32,407,000 for the six months ended September 30, 2024, compared to a decrease of HK$ 21,290,000 in 2023[154]. Strategic Focus - The Group is focusing on strategic investments in property development and building management technology to expand its market reach[45]. - The management emphasizes strong cost control as a key component to deliver positive full-year results[61]. - The Group is analyzing an optimum strategy for its assets in Japan, with plans for larger scale development to enhance return on investment[59]. - The Group continues to focus on strategic investments and property investments, particularly in air quality and energy efficiency[164]. Compliance and Governance - The financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[165]. - The company has adopted new and amended HKFRSs effective from April 1, 2024, with no material impact on the financial statements[175].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 123,534, a decrease of 43.0% compared to HKD 216,856 for the same period in 2023[2] - Gross profit increased to HKD 19,555, representing a 53.8% increase from HKD 12,716 in the previous year[2] - Profit before tax was HKD 4,790, a significant turnaround from a loss of HKD 4,869 in the same period last year, marking a 198.4% improvement[2] - Basic and diluted earnings per share were HKD 0.5, compared to a loss of HKD 0.6 per share in the prior year, reflecting an increase of 184.5%[2] - The total comprehensive income for the period was HKD 4,757, compared to a loss of HKD 5,633 in the same period last year[4] - The company reported a significant increase in other income, which contributed positively to the overall financial performance[4] - The company recorded a net loss of HKD 2,396 million from financial assets measured at fair value through profit or loss[30] - The net profit attributable to owners for the six months ended September 30, 2024, was approximately HKD 4.2 million, a significant improvement from a loss of HKD 4.9 million in the same period of 2023[69] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 163,882, a decrease from HKD 219,078 as of March 31, 2024[6] - Current liabilities totaled HKD 186,938, down from HKD 201,856 in the previous reporting period[6] - The company's net assets increased to HKD 163,599 from HKD 162,842, indicating a stable financial position[6] - As of September 30, 2024, total assets amounted to HKD 350,820 million, with the Building segment holding HKD 183,775 million in assets[24] - Total liabilities for the Building segment were HKD 121,187 million, contributing to overall liabilities of HKD 187,221 million[24] - Trade receivables amounted to HKD 11,951,000 as of September 30, 2024, a significant decrease from HKD 37,011,000 as of March 31, 2024, indicating a reduction of approximately 67.7%[53] - Trade payables amounted to HKD 14,821,000 as of September 30, 2024, down from HKD 18,675,000 as of March 31, 2024[56] - As of September 30, 2024, the group had bank borrowings of approximately HKD 74.4 million, down from HKD 78.0 million as of March 31, 2024[90] - Current assets amounted to approximately HKD 219.7 million, with cash and cash equivalents of about HKD 52.1 million, an increase from HKD 21.1 million as of March 31, 2024[91] - The debt-to-equity ratio as of September 30, 2024, was approximately 47.3%, down from 50.6% as of March 31, 2024[92] Revenue Breakdown - Revenue from the construction segment was HKD 113,300,000, while the building solutions segment generated HKD 5,659,000[20] - For the six months ending September 30, 2024, revenue from external customers in the construction segment was HKD 112,471,000, while Building Solutions generated HKD 5,659,000, and property investment contributed HKD 4,034,000[32] - The total revenue for the six months ending September 30, 2024, was HKD 122,426,000, compared to HKD 219,252,000 for the same period in 2023, indicating a decrease of approximately 44%[38] - The total construction revenue for the six months ended September 30, 2024, was approximately HKD 112.5 million, a decrease of about HKD 100.9 million or 47.2% compared to the same period last year[81] - The revenue breakdown by project type showed that renovation projects accounted for 77.8% of total revenue, while A&A projects made up 22.2%[81] Strategic Focus and Future Plans - The company focuses on providing renovation services and sustainable building materials in the Hong Kong and Macau markets[14] - The company is committed to expanding its market presence through strategic investments and property management[20] - Future strategies include potential market expansion and investment in new technologies to drive growth[28] - The company is actively researching a wide range of investment opportunities in real estate development, asset management, and building management and technology sectors[67] - The group is focusing on risk management and strict cost control to achieve ideal annual performance[78] - The company is focusing on expanding its influence in the building environment sector through strategic investments in new market areas[65] Employee and Management Costs - Employee costs, including directors' remuneration, totaled HKD 30,507,000 for the six months ending September 30, 2024, down from HKD 33,874,000 in the previous year, representing a decrease of approximately 7.0%[8] - The management's remuneration for the six months ended September 30, 2024, was HKD 5,076,000, compared to HKD 4,348,000 for the same period in 2023[60] - Total employee costs for the six months ended September 30, 2024, were approximately HKD 30.5 million, compared to HKD 33.9 million for the same period in 2023[99] Compliance and Governance - The company confirmed compliance with corporate governance rules, except for the separation of the roles of Chairman and CEO[114] - The company has adopted the Standard Code for Securities Trading as per Listing Rules Appendix C3, confirming compliance by all directors as of September 30, 2024[116] - The Audit Committee, established on September 20, 2016, consists of three independent non-executive directors, ensuring adherence to Listing Rules 3.21 and 3.22[118] - The interim financial statements for the six months ending September 30, 2024, have not been audited by external auditors but have been reviewed by the Audit Committee, which believes the results are prepared in accordance with applicable accounting standards[119] Dividends - The company does not recommend the payment of an interim dividend for the six months ended September 30, 2024[2] - The Board does not recommend the payment of an interim dividend for the six months ending September 30, 2024[120]

Financial Performance - The group recorded a profit of approximately HKD 15.2 million from construction for the year ending March 31, 2024[4]. - BSL's revenue increased by 20.7% to approximately HKD 5.6 million for the year ending March 31, 2024, compared to HKD 4.7 million for the previous year[15]. - The gross profit for BSL rose by 57.2% to approximately HKD 2.8 million, with a gross profit margin of about 50.3% for the year ending March 31, 2024[15]. - The company reported a revenue of HKD 527,246,000 for the year ending March 31, 2024, representing a 70.9% increase from HKD 308,517,000 in the previous year[38]. - Gross profit for the same period was HKD 46,813,000, up 28.9% from HKD 36,304,000 year-over-year[38]. - The company experienced a significant decline in profit attributable to owners, reporting HKD 350,000, down 87.5% from HKD 2,800,000 in the previous year[38]. - Basic and diluted earnings per share were reported at HKD 0.0, a decrease of 87.5% from HKD 0.3 in the prior year[38]. - The company’s comprehensive income for the year was HKD 78,000, a decrease from HKD 3,093,000 in the previous year[40]. - The group reported a segment profit of HKD 3,678 thousand, with Building Solutions generating a profit of HKD 15,172 thousand[55]. - The group incurred a loss of HKD 281 thousand in the Building Solutions segment and HKD 8,062 thousand in the Property Investment segment[55]. - The group’s total revenue and other income amounted to approximately HKD 527.2 million, compared to HKD 308.5 million in the previous year[200]. Assets and Liabilities - The group had current assets of approximately HKD 294.0 million as of March 31, 2024, compared to HKD 185.9 million in the previous year[20]. - The group’s non-current liabilities were approximately HKD 56.2 million, down from HKD 61.5 million in the previous year[20]. - For the fiscal year ending March 31, 2024, the total assets amounted to HKD 219,078,000, a decrease from HKD 224,280,000 in the previous year[60]. - Total liabilities rose to HKD 258,092,000, compared to HKD 159,925,000 in the previous year, reflecting an increase of about 61.5%[60]. - The total current liabilities reached HKD 201,856,000, an increase from HKD 98,409,000, marking a rise of about 104.2%[60]. - The total non-current asset value was HKD 126,896,000, down from HKD 136,839,000, representing a decrease of approximately 7.2%[60]. - The group’s total liabilities as of March 31, 2024, included bank borrowings with accrued interest of approximately HKD 46,000,000, a decrease from HKD 827,000,000 in the previous year[142]. Revenue Streams - The group’s revenue from renovation projects was approximately HKD 410.5 million, accounting for 79.4% of total revenue for the year ending March 31, 2024[13]. - Revenue from construction for the year 2024 reached HKD 516,808,000, a significant increase from HKD 297,363,000 in 2023, representing a growth of approximately 74%[105]. - The total revenue for the group from external customers in 2024 was HKD 522,430,000, up from HKD 302,020,000 in 2023, reflecting a growth of approximately 73%[105]. - The group’s revenue from external customers for the year ended March 31, 2024, was HKD 530,582,000, a significant increase from HKD 307,821,000 in the previous year, representing a growth of approximately 72.4%[123]. Expenses and Costs - Administrative and other operating expenses were approximately HKD 30.7 million, a slight decrease of 0.3% from HKD 30.8 million in the previous year[17]. - Employee costs, including salaries and allowances, rose to HKD 70,878,000 in 2024 from HKD 55,195,000 in 2023, marking a 28.5% increase[155]. - Interest expenses on bank loans for 2024 amounted to HKD 4,221,000, compared to HKD 2,042,000 in 2023, representing an increase of approximately 106%[109]. Dividends and Shareholder Returns - The board has proposed a final dividend of HKD 0.5 per share, pending approval at the upcoming annual general meeting[36]. - The total expected final dividend payout amounts to HKD 4,000,000 based on 800,000,000 shares issued[36]. - The group has proposed a final dividend of HKD 0.005 per share, totaling HKD 4,000,000, pending approval at the upcoming annual general meeting[161]. Market and Strategic Outlook - The group expects to continue monitoring the overall situation in Macau, where significant opportunities have not yet emerged[5]. - The group is focusing on "building environment" and is actively exploring a wide range of investment opportunities in real estate development, asset management, and technology sectors[148]. - The group anticipates that BSL will continue to maintain growth due to current project reserves, expecting to achieve better performance in the coming months[152]. - Future outlook includes potential market expansion and new product development initiatives to enhance competitive positioning[72]. - The group is under pressure from the overall real estate industry due to high interest rates and declining valuations, with recovery expected to take time[153]. Governance and Compliance - The company is currently reviewing its governance structure, particularly the roles of the Chairman and CEO, to ensure compliance with corporate governance standards[32]. - The group expects that the application of new accounting standards will not have a significant impact on the consolidated financial statements[51]. - The group has adopted revised Hong Kong Financial Reporting Standards effective from April 1, 2023, which clarified the disclosure of accounting policies[45]. Investment and Technology - The group is conducting detailed research on investment opportunities in new startups within the building management and technology sectors[148]. - The group has committed to using training subsidies from the Construction Industry Innovation and Technology Fund for BIM training and software[108]. - The group is identifying and adopting cutting-edge technologies to improve building environments, focusing on enhancing air quality and reducing energy consumption for end-users[147].

Financial Performance - For the six months ended 30 September 2023, the Group recorded revenue and other gains of approximately HK$216.9 million, an increase of 22.8% compared to HK$176.6 million in 2022[21]. - The gross profit decreased to HK$12.7 million, representing a decline of 34.1% from HK$19.3 million in the previous year[3]. - The loss attributable to the owners of the Company for the period was approximately HK$4.9 million, a significant increase of 3,024.1% compared to a loss of HK$0.2 million in 2022[3]. - Total comprehensive income for the period was a loss of HK$5.6 million, compared to a loss of HK$2.1 million in the previous year[129]. - The company reported a loss of HK$4,936,000 for the six months ended September 30, 2023, compared to a profit of HK$869,000 for the same period in 2022[133]. - Segment profit for the total operations was a loss of HK$3,850,000 for the six months ended September 30, 2023, compared to a profit of HK$4,349,000 for the same period in 2022[172][177]. Assets and Liabilities - Total assets as of 30 September 2023 were HK$350.7 million, reflecting an increase of 8.7% from HK$322.7 million as of 31 March 2023[3]. - Shareholders' equity as of 30 September 2023 was HK$158.5 million, a decrease of 3.4% from HK$164.0 million[3]. - The Group's current assets were approximately HK$221.2 million, an increase from HK$185.9 million as of March 31, 2023[82]. - The Group's current liabilities increased to approximately HK$138.8 million as of September 30, 2023, compared to HK$98.4 million as of March 31, 2023[82]. - The gearing ratio of the Group improved to approximately 47.4% as of September 30, 2023, from 50.8% as of March 31, 2023[83]. - The company's net assets decreased from HK$162,764,000 as of March 31, 2023, to HK$157,131,000 as of September 30, 2023, a decline of about 3.9%[130]. Revenue Breakdown - Revenue from fitting-out projects was approximately HK$174.8 million, accounting for 81.9% of total revenue, while A&A projects generated approximately HK$38.6 million, representing 18.1% of total revenue[64]. - The Group's revenue for the six months ended September 30, 2023, was approximately HK$213.3 million, representing an increase of approximately HK$37.9 million or 21.6% compared to the same period last year[64]. - For the six months ended 30 September 2023, the Group's revenue from external customers was HK$213,343,000 from Contracting, HK$2,100,000 from Building Solutions, and HK$3,481,000 from Property Investments[192]. - Major customers accounted for significant revenue, with Customer I generating HK$38,584,000, Customer II HK$37,989,000, and Customer III HK$33,609,000 for the six months ended 30 September 2023[200]. Strategic Investments and Projects - The Group is focusing on expanding its strategic investments in new market sectors within the built environment[19]. - Building Solutions Limited aims to enhance the performance of the built environment through cutting-edge technology[18]. - The Group's property investments are intended to provide additional income and expand geographical reach through direct investments in physical real estate[20]. - The Group completed 5 projects and was awarded 11 projects during the same period, with a segment loss from contracting of approximately HK$1.2 million[27]. - The Group has secured two adjacent parcels of development land in Hokkaido, Japan, which are expected to have significant future potential due to their proximity to a planned Shinkansen high-speed rail station[39]. Cash Flow and Financing - Net cash used in operating activities was HK$11,723,000 for the six months ended September 30, 2023, compared to HK$18,174,000 for the same period in 2022, indicating an improvement in cash flow management[133]. - The net cash used in financing activities was HK$8,747, a stark contrast to the net cash inflow of HK$60,355 in the same period last year[135]. - Interest paid on bank borrowings increased to HK$2,126 from HK$600, indicating higher financing costs[135]. - Cash and cash equivalents decreased from HK$58,870,000 as of March 31, 2023, to HK$38,741,000 as of September 30, 2023, a decline of about 34.2%[130]. Operational Efficiency - Administrative and other operating expenses decreased by approximately HK$4.6 million or 22.3%, totaling approximately HK$15.9 million for the six months ended September 30, 2023[74]. - The current ratio and quick ratio were 1.6, down by 15.8% from 1.9[3]. - The Group's investment property in Dublin generated gross rental income of approximately HK$3.5 million, compared to approximately HK$2.3 million in the previous year[73]. Accounting and Compliance - The financial statements were prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with local regulations[140]. - The Group's management is currently assessing the financial statement impacts of new accounting policies related to the abolition of the MPF-LSP offsetting mechanism, expected to be concluded before early 2024[160]. - The Group's significant judgements and estimation uncertainties remain consistent with those applied in the annual financial statements for the year ended March 31, 2023[161].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 IBI Group Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1547） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務摘要 截至九月三十日 止六個月 增加╱ 二零二三年 二零二二年 （減少） 千港元 千港元 （未經審核） （未經審核） 收益及其他收益╱（虧損） 216,856 176,634 22.8% 毛利 12,716 19,307 (34.1)% 除所得稅開支前（虧損）╱溢利 (4,869) 869 (660.3)% ...

Financial Performance - Revenue for the year ended 31 March 2023 was HK$ 308.5 million, a decrease of 24.0% compared to HK$ 405.9 million in 2022[8] - Gross profit decreased by 46.6% to HK$ 36.3 million from HK$ 68.0 million in the previous year[8] - Profit before income tax expense fell by 88.5% to HK$ 3.9 million, down from HK$ 33.7 million in 2022[8] - Profit attributable to the owners of the Company for the year was HK$ 2.8 million, a decrease of 89.6% from HK$ 27.0 million in 2022[8] - The Group's revenue for the year ended March 31, 2023, was approximately HK$297.4 million, representing a decrease of approximately HK$106.5 million or 26.4% compared to the previous financial year[83] - The gross profit from contracting decreased by approximately HK$39.2 million or 58.1%, from approximately HK$67.4 million in 2022 to approximately HK$28.2 million in 2023[84] - The gross profit margin from contracting decreased to approximately 9.5% in 2023 from approximately 16.7% in 2022[84] - The Group recorded income tax expense of approximately HK$1.4 million for the year ended March 31, 2023, down from HK$7.2 million in 2022, representing an effective tax rate of approximately 36.4%[92] - The Group recorded a profit attributable to the owners of approximately HK$2.8 million for the year ended March 31, 2023, representing a decrease of approximately HK$24.2 million or 89.6% from HK$27.0 million for the year ended March 31, 2022, primarily due to decreased revenue from the contracting segment[98] Assets and Liabilities - Total assets increased by 1.6% to HK$ 322.7 million as of 31 March 2023, compared to HK$ 317.7 million in 2022[8] - Total bank borrowings amounted to HK$ 80.8 million, which was not applicable in the previous year[8] - Shareholders' equity decreased by 2.7% to HK$ 164.0 million from HK$ 168.5 million in 2022[8] - The Group's current assets as of March 31, 2023, were approximately HK$185.9 million, down from HK$296.4 million in 2022, with cash and cash equivalents of approximately HK$58.9 million[100] - The Group's gearing ratio as of March 31, 2023, was approximately 50.8%, significantly up from 2.7% in 2022, indicating increased leverage[101] - As of March 31, 2023, pledged deposits totaled approximately HK$6.5 million, a decrease from HK$14.9 million in 2022[138] Operational Highlights - The Group completed and was awarded 18 fitting-out projects during the year, generating a segment profit from contracting of approximately HK$7.4 million[35][40] - The strategic investments division registered a segment loss of approximately HK$0.3 million due to foreign currency exchange differences, while the Group invested approximately HK$10 million in a large Real Estate Investment Trust[50][51] - The property investments division also recorded a segment loss of approximately HK$0.3 million, with the acquisition of Adelaide Chambers, a building with approximately 20,000 square feet of commercial office space in Dublin[59][60][66] - The Group is optimistic about the future, expecting significant improvements in construction project initiation and tendering success rates following the lifting of Covid-related restrictions in Hong Kong[63][64] - The number of tendering opportunities has decreased significantly, leading to reduced turnover and modest project margins in the contracting sector[36][40] - The Group is committed to enhancing the value of its assets through upgrades and improvements, particularly for the Adelaide Chambers property[61][68] - The Group anticipates a significant improvement in financial performance due to increased construction project activity following the lifting of Covid-19 restrictions in Hong Kong[69] Management and Governance - Mr. Neil David Howard has been with the Group for over 16 years, serving as a director since November 2006 and as CEO since June 2016[154] - Mr. Steven Paul Smithers has over 28 years of experience in the construction industry and joined the Group in May 2006 as a senior project manager[162] - Mr. Robert Peter Andrews has over 32 years of experience in the construction industry and has been an independent non-executive Director since September 2016[167] - Mr. David John Kennedy was appointed as an independent non-executive Director on June 30, 2019, and has held various senior financial roles prior to this appointment[170] - The Group's directors have extensive backgrounds in construction and management, enhancing the company's strategic capabilities[167] - The leadership team is focused on providing independent advice and oversight to ensure effective governance and operational efficiency[170] - The company has established a strong management team with diverse backgrounds in law, finance, and project management, enhancing its operational capabilities[176][180] - The company is focused on expanding its market presence in the real estate and construction sectors through strategic hiring and project management[178] - The management team is committed to improving operational efficiency and project delivery timelines, leveraging their extensive industry experience[183] - The board includes members with significant experience in both local and international markets, providing valuable insights for strategic decisions[179] - The company is actively pursuing opportunities for growth through potential mergers and acquisitions in the construction sector[181] Employee and Staffing - Total staff costs for the year ended March 31, 2023, were approximately HK$56.7 million, down from approximately HK$68.5 million for the year ended March 31, 2022[140] - The Group had 90 employees as of March 31, 2023, compared to 98 employees in the previous year[140] Investments and Dividends - The Group acquired an investment property in Dublin, Ireland, generating gross rental income of approximately HK$5.6 million during the year[90] - The Group received dividends from financial assets at FVTPL of approximately HK$0.2 million in 2023, down from HK$1.9 million in 2022[89] - The Group received dividends of approximately HK$0.2 million during the year ended March 31, 2023, and sold listed equity securities for approximately HK$16.8 million, recognizing a net loss of approximately HK$0.7 million[128] - The Group acquired a property in Dublin, Ireland, generating gross rental income of approximately HK$5.6 million for the year ended March 31, 2023, but also recognized a fair value loss of approximately HK$2.4 million[128] Financial Oversight - The Group's administrative and other operating expenses for the year ended March 31, 2023, were approximately HK$30.8 million, a decrease of approximately HK$3.3 million or 9.8% from approximately HK$34.1 million in 2022[91] - The Group's administrative and other operating expenses for the year ended March 31, 2023, were approximately HK$30.8 million, a decrease of about HK$3.3 million or 9.8% from HK$34.1 million for the year ended March 31, 2022, mainly due to reduced employee costs and effective cost control[95]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 IBI Group Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1547） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 全 年 業 績 公 告 財務摘要 截至三月三十一日 止年度 二零二三年 二零二二年 增加╱（減少） 千港元 千港元 收益及其他收益╱（虧損） 308,517 405,878 (24.0)% 毛利 36,304 67,952 (46.6)% 除所得稅開支前溢利 3,859 33,692 (88.5)% 本公司擁有人應佔年內溢利 2,800 27,010 (89.6)% ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$176.6 million, an increase of 4.3% compared to HK$169.4 million in the same period of 2021[8]. - Gross profit decreased significantly to HK$19.3 million, down 34.3% from HK$29.4 million year-on-year[8]. - Profit before income tax expense fell to HK$0.9 million, a decrease of 94.1% from HK$14.7 million in the previous year[8]. - The loss attributable to the owners of the Company for the period was HK$0.2 million, compared to a profit of HK$12.4 million in the same period last year, marking a 101.3% decline[8]. - Total revenue for the six months ended 30 September 2022 remained stable at HK$175.4 million compared to HK$168.6 million in the previous year[72]. - Total comprehensive income for the period was a loss of HK$2.1 million, compared to a profit of HK$12.0 million in the same period last year[111]. - The Group's loss attributable to the owners for the six months ended 30 September 2022 amounted to approximately HK$0.2 million, a decrease of approximately HK$12.5 million or 101.3% compared to a profit of approximately HK$12.4 million for the same period in 2021[90]. Assets and Liabilities - Total assets increased by 11.6% to HK$354.7 million as of September 30, 2022, up from HK$317.7 million as of March 31, 2022[8]. - As of 30 September 2022, total assets amounted to HK$213.7 million, a decrease from HK$296.4 million as of 31 March 2022[115]. - Current liabilities totaled HK$141.0 million, down from HK$148.3 million as of 31 March 2022[115]. - The gearing ratio of the Group was approximately 38.1% as at 30 September 2022, significantly up from 2.7% as at 31 March 2022[97]. - As at 30 September 2022, the Group had current assets of approximately HK$224.0 million, down from HK$296.4 million as at 31 March 2022[90]. Cash Flow and Financial Position - Cash flows from operating activities resulted in a net cash outflow of HK$18,174,000, a significant decrease from the inflow of HK$80,703,000 in the previous year[123]. - The Group's cash and cash equivalents were approximately HK$63.6 million as at 30 September 2022, a decrease from HK$141.6 million as at 31 March 2022[90]. - The company declared a dividend of HK$8,000,000 during the period, maintaining the same level as the previous year[120]. Segment Performance - The Group completed 11 projects and was awarded 10 projects during the same period, all of which were fitting-out projects, resulting in a segment profit from contracting of approximately HK$9.7 million[36]. - Segment profit for Contracting was HK$9,746,000, while Building Solutions incurred a loss of HK$940,000, and Strategic Investments had a loss of HK$4,457,000, resulting in a total segment profit of HK$4,349,000[167]. - Revenue from fitting-out projects and A&A projects was HK$151.6 million and HK$23.8 million, accounting for 86.4% and 13.6% of total revenue, respectively[71]. Strategic Focus and Market Outlook - The Group aims to expand its reach geographically and enter new market sectors through its strategic investments division, focusing on the built environment[30]. - The Group remains optimistic about the recovery of the Macau market once border policies ease, despite current challenges due to Covid-19 restrictions[41]. - The Group anticipates further interest rate increases in the coming year, but expects these increases to reduce in both frequency and size[48]. Employee and Operational Metrics - As of September 30, 2022, the Group had 95 employees, an increase from 90 employees as of September 30, 2021[106]. - Total staff costs for the six months ended September 30, 2022, were approximately HK$33.3 million, compared to approximately HK$29.1 million for the same period in 2021, reflecting an increase of about 7.6%[106]. Investment Activities - The Group acquired an investment property located in Dublin, Ireland, and received rental income of approximately HK$2.3 million during the reporting period[86]. - The Group's listed equity investments at fair value through profit or loss amounted to approximately HK$13.0 million as of September 30, 2022, down from HK$16.1 million as of March 31, 2022[108]. - The Group recognized net realized and unrealized losses on financial assets at FVTPL of approximately HK$3.1 million, compared to a loss of approximately HK$0.4 million for the same period last year[86]. Accounting and Reporting - The unaudited condensed consolidated interim financial statements were prepared in accordance with HKAS 34 and do not include all the information required for annual financial statements[143]. - The financial statements are presented in Hong Kong dollars (HK$), which is the company's functional currency[153]. - Significant judgments and estimates have been made in preparing the financial statements, which may differ from actual results[152].