Revenue and Profitability - For the six months ended June 30, 2024, the total revenue of Hygieia Group Limited was approximately SGD 37.0 million, an increase of about 18.8% compared to SGD 31.1 million for the same period in 2023[6]. - Revenue for the six months ended June 30, 2024, was 36,982 thousand SGD, an increase of 18.5% compared to 31,120 thousand SGD for the same period in 2023[62]. - Clean services revenue reached 36,940 thousand SGD, up from 31,078 thousand SGD, reflecting a growth of 18.5% year-over-year[62]. - The net profit for the six months ended June 30, 2024, was approximately SGD 1.2 million, compared to SGD 92,000 for the same period in 2023[11]. - Operating profit increased significantly to 1,554 thousand, compared to 262 thousand in the previous year, marking a growth of 493.5%[33]. - Net profit for the period was 1,150 thousand, a substantial increase from 92 thousand in 2023, reflecting a year-over-year growth of 1,150%[33]. - The company reported a net profit attributable to shareholders of 1,092 thousand SGD for the six months ended June 30, 2024, compared to 76 thousand SGD in the same period of 2023, marking a significant increase[73]. - Basic and diluted earnings per share for the period were 0.055, compared to 0.0038 in the previous year, indicating a significant improvement[33]. Costs and Expenses - The cost of sales for the same period was approximately SGD 30.9 million, representing an increase of about 14.2% from SGD 27.1 million in 2023[7]. - The administrative expenses increased from approximately SGD 4.0 million in 2023 to approximately SGD 4.6 million in 2024, primarily due to increased employee benefits and professional fees[8]. - The financial costs decreased from approximately SGD 109,000 in 2023 to SGD 96,000 in 2024, mainly due to reduced interest expenses from borrowings[9]. - Employee benefits expenses increased to 25,041 thousand SGD, a rise of 22.5% from 20,401 thousand SGD in the previous year[67]. Assets and Liabilities - As of June 30, 2024, the group's current assets were approximately SGD 36.9 million, with cash and cash equivalents of about SGD 7.9 million[12]. - Total assets as of June 30, 2024, were 41,494 thousand, down from 44,475 thousand at the end of 2023[39]. - Current liabilities amounted to 11,257 thousand, slightly down from 11,676 thousand at the end of 2023[46]. - The total liabilities as of June 30, 2024, amounted to 7,419 thousand SGD, down from 8,218 thousand SGD as of December 31, 2023, indicating a decrease of approximately 9.7%[81]. - The company’s cash and cash equivalents decreased to 7,861 thousand SGD at the end of the period from 12,217 thousand SGD at the beginning of the period, indicating a decline of approximately 35.5%[55]. Contracts and Government Support - As of August 29, 2024, the group had 315 ongoing service contracts with an outstanding contract value of approximately SGD 81.4 million[4]. - The group confirmed government subsidies totaling approximately SGD 0.8 million for the six months ended June 30, 2024, compared to SGD 0.5 million in the previous year[8]. Employee and Operational Metrics - As of June 30, 2024, the group employed approximately 3,029 employees, an increase from 2,609 employees as of December 31, 2023[20]. - The group is focused on enhancing productivity through investments in technology and training, despite anticipated challenges in the Singapore environmental services industry[5]. - The group aims to establish and enhance its market position in the environmental services sector while providing consistent high-quality cleaning services[5]. Cash Flow and Dividends - Cash flow from operating activities showed a net outflow of 2,501 thousand SGD for the six months ended June 30, 2024, compared to an outflow of 1,818 thousand SGD for the same period in 2023, representing a worsening of cash flow performance[55]. - The company paid dividends totaling 3,000 thousand SGD during the period, an increase from 2,000 thousand SGD in the previous year, reflecting a commitment to returning value to shareholders[55]. - The company did not declare an interim dividend for the six months ended June 30, 2024, while a dividend of 3,000 thousand SGD was declared for the previous year[75]. Financial Reporting and Standards - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting and disclosures[59].

Financial Performance - The group's unaudited revenue for the six months ended June 30, 2024, was approximately SGD 37.0 million, an increase of about SGD 5.9 million or 18.8% compared to SGD 31.1 million for the same period in 2023[2] - The group's unaudited profit after tax for the six months ended June 30, 2024, was approximately SGD 1.2 million, an increase of about SGD 1.1 million compared to SGD 92,000 for the same period in 2023[2] - Basic and diluted earnings per share for the six months ended June 30, 2024, were SGD 0.055, compared to SGD 0.0038 for the same period in 2023[2] - The total comprehensive income for the six months ended June 30, 2024, was SGD 1.149 million, compared to SGD 107,000 for the same period in 2023[3] - The operating profit for the six months ended June 30, 2024, was SGD 1.554 million, compared to SGD 262,000 for the same period in 2023[3] - For the six months ended June 30, 2024, the company reported a profit attributable to owners of the company of 1,092 thousand SGD, a significant increase from 76 thousand SGD in the same period of 2023, representing a growth of 1,356.6%[26] - Basic and diluted earnings per share for the six months ended June 30, 2024, were 0.055 SGD, compared to 0.0038 SGD for the same period in 2023, reflecting an increase of 1,342.1%[26] - Revenue for the six months ended June 30, 2024, grew by 18.8% compared to the same period in 2023, driven by new large projects in Singapore and organic growth in the environmental services business in Thailand[33] Assets and Liabilities - The total assets as of June 30, 2024, were SGD 41.494 million, a decrease from SGD 44.475 million as of December 31, 2023[6] - The total liabilities as of June 30, 2024, were SGD 13.251 million, down from SGD 14.381 million as of December 31, 2023[6] - The equity attributable to the owners of the company as of June 30, 2024, was SGD 28.140 million, a decrease from SGD 30.049 million as of December 31, 2023[6] - The company’s trade receivables increased to 16,116 thousand SGD as of June 30, 2024, from 14,066 thousand SGD as of December 31, 2023, marking a growth of 14.5%[28] - The company’s total liabilities decreased to 7,419 thousand SGD as of June 30, 2024, from 8,218 thousand SGD as of December 31, 2023, a reduction of 9.7%[32] Cash Flow and Investments - The company generated a net cash inflow from investing activities of 2,707 thousand SGD, compared to a net cash outflow of 259 thousand SGD in the previous year[11] - Operating cash flow used was 2,501 thousand SGD for the first half of 2024, compared to 1,818 thousand SGD in the same period of 2023[11] - The company paid dividends of 3,000 thousand SGD, an increase from 2,000 thousand SGD in the previous year, reflecting a 50% increase[11] - The cash outflow from financing activities was 4,561 thousand SGD, compared to 3,920 thousand SGD in the same period last year, indicating an increase of 16.3%[11] Revenue Sources - The revenue from cleaning services was 36,940 thousand SGD, up from 31,078 thousand SGD, reflecting a growth of 18.5% year-over-year[19] - The company’s revenue from Singapore was 32,036 thousand SGD, up from 27,597 thousand SGD, marking a growth of 16.6% year-over-year[20] Expenses and Costs - Employee benefits expenses increased to 25,041 thousand SGD, up from 20,401 thousand SGD, representing a rise of 22.5% year-over-year[23] - Cost of sales for the same period was approximately SGD 30.9 million, up about 14.2% from SGD 27.1 million in 2023[36] - Gross profit increased from approximately SGD 4.1 million to about SGD 6.1 million, with the gross margin rising from 13.1% to 16.4% due to reduced labor-related expenses and increased government subsidies[37] - Administrative expenses increased from approximately SGD 4.0 million to SGD 4.6 million, primarily due to higher employee benefits and professional fees[38] Taxation - Tax expenses for the six months ended June 30, 2024, were approximately SGD 307,000, with an effective tax rate of 21.1%, compared to SGD 61,000 and 39.9% in 2023[42] - The effective corporate tax rate for Singapore was maintained at 17% for both periods under review[24] Employee and Governance - As of June 30, 2024, the group employed approximately 3,029 employees, an increase from 2,609 employees as of December 31, 2023, reflecting a growth of about 16%[52] - The company has established a progressive salary scheme for Singapore citizens and permanent residents, ensuring compliance with the Ministry of Manpower's salary levels for various cleaning workers[52] - The company is committed to high standards of corporate governance and has adopted a corporate governance code to ensure transparency and accountability to shareholders[53] - The company has not reported any significant labor disputes during the reporting period, indicating good employee relations[52] - The company is compliant with the Singapore Central Provident Fund Act, making mandatory contributions for local and permanent resident employees[52] Future Outlook and Strategy - The company has invested in digital solutions to enhance productivity and improve decision-making, aligning with the shift from headcount-based to outcome-based cleaning contracts[33] - The company anticipates continued challenges in the Singapore environmental services industry but aims to enhance productivity through investments in technology and training[34] Corporate Actions - The company has entered into an agreement to acquire 51% of Dongxing Life Convenience Store (Shenzhen) Co., Ltd. for HKD 34.2 million[48] - The company confirmed government grants totaling approximately SGD 0.8 million for the period, up from SGD 0.5 million in the previous year[37] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2024, confirming compliance with applicable accounting principles and full disclosure[55] - The interim report for the six months ended June 30, 2024, will be sent to shareholders and published on the company's website at an appropriate time[59] Other Information - The company has established a cleaning score certification program to recognize businesses providing high-standard cleaning services through training and fair employment practices[58] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the reporting period[56] - The company has maintained the required public float as per listing rules as of the announcement date[57] - Other income decreased from approximately SGD 183,000 to SGD 95,000 due to lower average balances of fixed bank deposits and lower interest income[41] - Interest income decreased to 90 thousand SGD from 183 thousand SGD, indicating a decline of 50.8% year-over-year[21]

Financial Performance - The group's revenue for the year ended December 31, 2023, was SGD 66.538 million, an increase of 3.33% compared to SGD 63.425 million in 2022[10] - The group reported a pre-tax profit of SGD 0.552 million for 2023, recovering from a loss of SGD 1.371 million in 2022[10] - Total assets decreased to SGD 44.475 million in 2023 from SGD 46.871 million in 2022, representing a decline of 5.93%[11] - The total liabilities of the group were SGD 14.381 million in 2023, down from SGD 15.274 million in 2022, a reduction of 5.85%[11] - Total revenue for the year ended December 31, 2023, was approximately SGD 66.5 million, an increase of about 4.9% compared to SGD 63.4 million for the year ended December 31, 2022, driven mainly by growth in the Thai market[17] - Cost of sales for the year ended December 31, 2023, was approximately SGD 57.5 million, up about 5.0% from SGD 54.8 million for the year ended December 31, 2022[18] - Gross profit increased from approximately SGD 8.6 million for the year ended December 31, 2022, to approximately SGD 9.0 million for the year ended December 31, 2023, with a slight decrease in gross margin from 13.6% to 13.5%[20] - Administrative expenses decreased from approximately SGD 10.0 million for the year ended December 31, 2022, to approximately SGD 8.6 million for the year ended December 31, 2023[21] - Net profit for the year ended December 31, 2023, was approximately SGD 0.5 million, an increase of about 129.7% compared to a net loss of SGD 1.6 million for the year ended December 31, 2022[26] - Other income increased from approximately SGD 121,000 for the year ended December 31, 2022, to approximately SGD 406,000 for the year ended December 31, 2023, mainly due to increased interest income from longer-term fixed deposits[23] - Tax expenses decreased to approximately SGD 77,000 for the year ended December 31, 2023, from SGD 228,000 for the year ended December 31, 2022, due to a reduction in taxable income[25] - Financial costs decreased from approximately SGD 275,000 for the year ended December 31, 2022, to SGD 203,000 for the year ended December 31, 2023, primarily due to reduced interest expenses on borrowings[22] Operational Highlights - The group held 293 ongoing service contracts as of March 28, 2024, with an outstanding contract value of approximately SGD 78.0 million[15] - The company aims to enhance productivity through investments in technology and training, despite increasing competition in the environmental services industry in Singapore[16] - The group has over 25 years of experience in the environmental services sector and holds an L6 level FM02 license, allowing it to bid for public sector contracts of unlimited value[14] - The company is committed to maintaining its market leadership in the environmental services industry by investing in digital technologies and skill enhancement projects[8] - The group has implemented an ISO 9001:2015 certified quality management system for its cleaning and housekeeping services[14] - The management remains vigilant and adaptable to ensure the company continues to lead in the competitive environmental services market[16] Corporate Governance - The company emphasizes the importance of good corporate governance to enhance management and protect shareholder interests[153] - The company has adopted corporate governance practices to ensure effective accountability and aims to enhance shareholder value through ethical principles[157] - The board of directors has maintained a high attendance rate, with all executive directors attending 100% of board meetings and annual general meetings[162] - Independent non-executive directors contribute diverse business and financial expertise, ensuring compliance with listing rules regarding their appointment[164] - The board has established mechanisms to ensure independent viewpoints are obtained, with a majority of independent non-executive directors[165] - The board is responsible for setting and approving the group's development, business strategies, policies, and annual budgets[166] - The company emphasizes the importance of internal control systems and risk management, with the board playing a crucial role in their implementation and monitoring[166] - The company has maintained compliance with corporate governance codes, except for a specific provision which is explained in detail[157] Risk Management - The board is responsible for assessing and determining the nature and extent of risks related to the group's operations[191] - The company has adopted a three-tier risk management approach to identify, assess, and manage various risks[191] - The board conducted an annual review of the effectiveness of the internal control and risk management systems for the year ending December 31, 2023, and deemed them effective and adequate[192] - The company is committed to effective risk management systems to address various operational and market risks[75] Employee and Management Structure - The group employed 2,464 full-time employees and 145 part-time employees as of December 31, 2023, an increase from 1,736 full-time and 168 part-time employees in 2022[105] - The management team has a strong educational background, with qualifications including MBA and degrees in accounting and finance from reputable institutions[48][52] - The management team has experience in overseeing significant projects that have garnered recognition, showcasing the company's capability in project execution[50] - The company has appointed a new auditor, Guo Wei Accounting Firm, effective from April 20, 2021, for the fiscal year ending December 31, 2023[155] Shareholder Communication - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[198] - As of December 31, 2023, the company has reviewed the implementation and effectiveness of its shareholder communication policy, maintaining sufficient communication channels with shareholders[198] - The board can convene a special general meeting upon request from shareholders holding at least 10% of the voting rights[199] - Shareholders can submit written requests to the board for specific transactions or matters, with a response required within 21 days[199] - The company emphasizes the importance of effective communication with shareholders to enhance their understanding of the business and performance[199] - The company maintains a website to publish the latest information regarding its operations, financial data, and corporate governance[199] - Shareholders can direct inquiries to the company secretary for any questions related to the company[200]

智通财经APP获悉，HYGIEIA GROUP(01650)涨超40%，截止发稿涨40.22%，报0.129港元，成交额894万港元。 消息面上，公司公布，于2024年4月18日，该公司拟向东星控股(武汉)有限公司收购东星生活便利店(深圳)有限公司的51%股权，代价为3420万港元，将于完成后透过发行可换股票据支付，票据初步转换价为每股转换股份0.09港元。 据悉，目标公司主要从事经营东星生活便利店品牌的综合便利店及提供电子商务╱线上便利店服务。于本公告日期，目标公司拥有一间非全资附属公司武汉天玄贸易有限公司。董事会经考虑中国消费支出的增加趋势及卖方提供的溢利保证，董事会相信，收购事项为集团提供宝贵商机以拓展其业务及多元化其收益来源。 ...

智通财经APP讯，HYGIEIA GROUP(01650)公布，于2024年4月18日，该公司拟向东星控股(武汉)有限公司收购东星生活便利店(深圳)有限公司的51%股权，代价为3420万港元，将于完成后透过发行可换股票据支付，票据初步转换价为每股转换股份0.09港元。 据悉，目标公司主要从事经营东星生活便利店品牌的综合便利店及提供电子商务╱线上便利店服务。于本公告日期，目标公司拥有一间非全资附属公司武汉天玄贸易有限公司。 董事会经考虑中国消费支出的增加趋势及卖方提供的溢利保证，董事会相信，收购事项为集团提供宝贵商机以拓展其业务及多元化其收益来源。 ...

Financial Performance - The audited revenue for the year ended December 31, 2023, was approximately SGD 66.5 million, an increase of about SGD 3.1 million or 4.9% compared to SGD 63.4 million for the year ended December 31, 2022[5]. - The audited profit after tax for the year ended December 31, 2023, was approximately SGD 0.5 million, a significant increase of about SGD 2.1 million or 129.7% from a loss of SGD 1.6 million for the year ended December 31, 2022[5]. - Basic and diluted earnings per share for the year ended December 31, 2023, were SGD 0.0002, compared to a loss of SGD 0.0008 per share for the year ended December 31, 2022[5]. - Total revenue for the year ended December 31, 2023, was approximately 66.5 million SGD, an increase of about 4.9% compared to approximately 63.4 million SGD for the year ended December 31, 2022[45]. - Cost of sales for the year ended December 31, 2023, was approximately 57.5 million SGD, an increase of about 5.0% from approximately 54.8 million SGD for the year ended December 31, 2022[46]. - Gross profit increased from approximately 8.6 million SGD for the year ended December 31, 2022, to approximately 9.0 million SGD for the year ended December 31, 2023, with a slight decrease in gross margin from 13.6% to 13.5%[47]. - The company confirmed government grants totaling approximately 0.6 million SGD for the year ended December 31, 2023, down from 2.9 million SGD in 2022[47]. - Other income increased from approximately SGD 121,000 for the year ended December 31, 2022, to approximately SGD 406,000 for the year ended December 31, 2023, mainly due to increased interest income from longer-term fixed bank deposits[50]. - Net profit for the year ended December 31, 2023, was approximately SGD 0.5 million, a 129.7% increase compared to a net loss of SGD 1.6 million for the year ended December 31, 2022[53]. Dividends - The board has proposed a final dividend of SGD 0.0015 per share for the year ended December 31, 2023[5]. - The board proposed a final dividend of 0.0015 SGD per ordinary share for the year ending December 31, 2023, subject to shareholder approval[36]. - The board proposed a final dividend of SGD 0.0015 per share for the year ended December 31, 2023, compared to SGD 0.001 per share for 2022[54]. Assets and Liabilities - Total assets as of December 31, 2023, were SGD 44.475 million, a decrease from SGD 46.871 million as of December 31, 2022[10]. - Total liabilities as of December 31, 2023, were SGD 14.381 million, down from SGD 15.274 million as of December 31, 2022[12]. - The net current assets as of December 31, 2023, were SGD 28.196 million, compared to SGD 31.695 million as of December 31, 2022[12]. - As of December 31, 2023, the group's current assets were approximately SGD 39.9 million, with a current ratio of 3.4, down from 3.9 as of December 31, 2022[55]. - The net cash position as of December 31, 2023, indicated that cash and cash equivalents exceeded bank borrowings, making the net debt-to-equity ratio not applicable[55]. Expenses - Administrative expenses decreased to SGD 8.644 million in 2023 from SGD 10.005 million in 2022[6]. - Total employee benefits expenses rose to 44,158 thousand SGD in 2023, compared to 38,280 thousand SGD in 2022, reflecting an increase of approximately 15.4%[30]. - Employee benefits expenses, including directors' remuneration, increased to 44.2 million SGD in 2023 from 38.3 million SGD in 2022[9]. - Financial costs decreased to 203 thousand SGD in 2023 from 275 thousand SGD in 2022, a reduction of approximately 26.18%[32]. - The group’s tax expense for 2023 was 77 thousand SGD, down from 228 thousand SGD in 2022, indicating a decrease of about 66.3%[32]. Revenue Sources - Revenue from cleaning services was 66,454 thousand SGD in 2023, up from 63,182 thousand SGD in 2022, indicating a growth of about 4.27%[24]. - The group’s revenue from Thailand increased significantly to 7,678 thousand SGD in 2023 from 3,133 thousand SGD in 2022, representing a growth of approximately 145.5%[25]. - Interest income increased significantly to 366 thousand SGD in 2023 from 37 thousand SGD in 2022, marking a growth of over 890%[27]. Employment - The group employed 2,609 employees as of December 31, 2023, an increase from 1,904 employees as of December 31, 2022[66]. Compliance and Governance - The company has established an audit committee in compliance with listing rules, consisting of three independent non-executive directors[71]. - The annual performance for the year ended December 31, 2023, was prepared in accordance with International Financial Reporting Standards[72]. - The company's auditor confirmed that the consolidated financial statements for the year ended December 31, 2023, are consistent with the reported figures[73]. - The company has maintained the required public float as per listing rules[75]. Future Outlook - The company aims to enhance productivity through investments in technology and training despite increasing competition in the environmental services industry in Singapore[44]. - The group expects that the application of new accounting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[22]. Miscellaneous - There were no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2023[60]. - The group currently has no significant contingent liabilities as of December 31, 2023[57]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries for the year ended December 31, 2023[74]. - The total net proceeds from the company's listing amounted to approximately SGD 11.8 million, with various allocations planned for future expenditures[64]. - The 2024 Annual General Meeting is scheduled for May 30, 2024[78]. - The company will suspend the transfer of shares from May 27, 2024, to May 30, 2024, to determine eligibility for voting at the AGM[79]. - The annual performance announcement will be published on the Stock Exchange and the company's website[80]. - The report period refers to the year ended December 31, 2023[84]. - The company was listed on the main board of the Stock Exchange on July 3, 2020[85].

Financial Performance - For the six months ended June 30, 2023, the total revenue of the group was approximately SGD 31.1 million, a decrease of about 9.4% compared to SGD 34.3 million for the same period in 2022[11]. - Gross profit decreased from approximately SGD 6.3 million for the six months ended June 30, 2022, to approximately SGD 4.1 million for the same period in 2023, with the gross margin dropping from 18.3% to 13.1%[14]. - The net profit for the six months ended June 30, 2023, was approximately SGD 92,000, compared to SGD 1.3 million for the same period in 2022[18]. - Operating profit decreased significantly to 262 thousand SGD, compared to 1,982 thousand SGD in the previous year, reflecting a decline of 86.8%[51]. - The company reported a net loss of SGD 1,270,000 for the six months ended June 30, 2023, compared to a profit of SGD 1,269,000 in the same period of 2022[64]. - Basic and diluted earnings per share dropped to 0.0038 SGD for the six months ended June 30, 2023, compared to 0.064 SGD in 2022, a decline of 94.1%[78]. Revenue Breakdown - Revenue from cleaning services was SGD 31,078,000, down from SGD 34,272,000 in the previous year, reflecting a decline of 9.5%[65]. - Revenue from Singapore was SGD 27,597,000, a decrease from SGD 33,473,000 in the previous year, while revenue from Thailand increased to SGD 3,523,000 from SGD 865,000[66]. - The total revenue for the six months ended June 30, 2023, was SGD 31,120,000, a decrease of 9.5% compared to SGD 34,338,000 for the same period in 2022[65]. Cost and Expenses - The cost of sales for the same period was approximately SGD 27.1 million, down about 3.6% from SGD 28.1 million in the previous year[12]. - Employee benefit expenses rose to 20,401 thousand SGD in the first half of 2023, compared to 19,894 thousand SGD in 2022, an increase of 2.5%[73]. - Financial costs decreased to 109 thousand SGD for the six months ended June 30, 2023, down from 150 thousand SGD in 2022, a reduction of 27.3%[75]. - Income tax expense for Singapore was 61 thousand SGD for the six months ended June 30, 2023, significantly lower than 563 thousand SGD in the same period of 2022, a decrease of 89.2%[76]. Assets and Liabilities - As of June 30, 2023, the group's current assets were approximately SGD 50.0 million, including cash and cash equivalents of about SGD 11.5 million[19]. - Total assets as of June 30, 2023, were 42,431 thousand SGD, down 9.4% from 46,871 thousand SGD at the end of 2022[53]. - Current assets decreased to 37,820 thousand SGD from 42,499 thousand SGD, a decline of 11.0%[53]. - Total borrowings decreased to 4,820 thousand SGD as of June 30, 2023, from 5,762 thousand SGD as of December 31, 2022, a reduction of 16.3%[89]. - Trade receivables increased to 12,699 thousand SGD as of June 30, 2023, from 10,656 thousand SGD as of December 31, 2022, an increase of 19.1%[82]. Employee and Operations - As of June 30, 2023, the group employed approximately 2,223 employees, an increase from 1,904 employees as of December 31, 2022[31]. - The company has established a progressive salary scheme for employees in accordance with local regulations[33]. - The group aims to enhance productivity through investments in technology and training despite increasing competition in the Singapore environmental services industry[10]. Government Support and Subsidies - The group has confirmed government subsidies totaling approximately SGD 0.5 million for the six months ended June 30, 2023, down from SGD 1.9 million in the previous year[14]. Cash Flow and Dividends - The cash flow from operating activities for the first half of 2023 was negative SGD 1,818,000, compared to positive SGD 3,784,000 in the same period of 2022[57]. - The company paid dividends of SGD 2,000,000 during the first half of 2023[57]. Compliance and Governance - The audit committee has reviewed the unaudited interim results for the six months ended June 30, 2023, confirming compliance with applicable accounting principles[37]. - The company has maintained the required public float as per listing rules[41]. - The company maintained compliance with financial covenants throughout the reporting period[92]. Investments and Capital Expenditures - The company has not made any significant investments, acquisitions, or disposals during the reporting period[23]. - There were no significant capital expenditures incurred during the six months ended June 30, 2023, apart from those disclosed in the interim report[20].

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之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號︰1650） 截至2023年6月30日止六個月之 中期業績公告 Hygieia Group Limited（「本公司」，連同其附屬公司為「本集團」）董事（「董事」）會（「董 事會」）欣然宣佈本集團截至2023年6月30日止六個月之中期業績及未經審核中期 簡明綜合財務資料，連同截至2022年6月30日止六個月之比較數字。該等業績已 由審核委員會（「審核委員會」）審閱，並於2023年8月31日經董事會批准。 財務摘要 • 本集團截至2023年6月30日止六個月之未經審核收益約為31.1百萬新元，較 截至2022年6月30日止六個月之收益約34.3百萬新元減少約3.2百萬新元或9.4%。 • 本集團截至2023年6月30日止六個月之未經審核除稅後溢利約為92,000新元， 較截至2022年6月30日止六個月之未經審核除稅後溢利約1.3百萬新元減少約1.2 百萬新元。 ...

Financial Performance - Total revenue for the year ended December 31, 2022, was approximately SGD 63.4 million, a decrease of about 11.4% compared to SGD 71.6 million for the year ended December 31, 2021[16]. - The cost of sales for the year ended December 31, 2022, was approximately SGD 54.8 million, a decrease of about 4.1% from SGD 57.2 million for the previous year[17]. - The group reported a loss before tax of SGD 1.371 million for the year ended December 31, 2022, compared to a profit of SGD 5.88 million in 2021[10]. - Gross profit decreased from approximately SGD 14.5 million for the year ended December 31, 2021, to approximately SGD 8.6 million for the year ended December 31, 2022, with a gross margin decline from 20.2% to 13.6%[19]. - Net loss for the year ended December 31, 2022, was approximately SGD 1.6 million, a decrease of about 131.3% compared to a net profit of SGD 5.1 million for the year ended December 31, 2021[23]. - Administrative expenses increased from approximately SGD 8.5 million for the year ended December 31, 2021, to approximately SGD 10.0 million for the year ended December 31, 2022, primarily due to increased employee benefits and professional fees[20]. Assets and Liabilities - Total assets as of December 31, 2022, were SGD 46.871 million, down from SGD 56.534 million in 2021[11]. - Total liabilities as of December 31, 2022, were SGD 15.274 million, a decrease from SGD 18.842 million in 2021[11]. - The equity attributable to owners of the company was SGD 31.596 million as of December 31, 2022, down from SGD 37.697 million in 2021[11]. - As of December 31, 2022, current assets were approximately SGD 42.5 million, with cash and cash equivalents of approximately SGD 17.5 million[25]. - The current ratio as of December 31, 2022, was 3.9, compared to 4.1 as of December 31, 2021[25]. - As of December 31, 2022, the company's outstanding bank borrowings amounted to approximately SGD 5.762 million[75]. Dividends - The board proposed a final dividend of SGD 0.001 per share for the year ended December 31, 2022, compared to SGD 0.00075 per share for the year ended December 31, 2021[24]. - The company reported a final dividend of SGD 0.001 per share for the year ended December 31, 2022, subject to shareholder approval at the annual general meeting[66]. - The company has established a dividend policy to ensure shareholders can share in profits while retaining sufficient liquidity for future growth opportunities[67]. Employee and Operational Insights - The group employed 1,736 full-time employees and 168 part-time employees as of December 31, 2022, a decrease from 2,294 full-time and 181 part-time employees in the previous year[92]. - Total salary costs for the group amounted to SGD 38,280,000 for the year ended December 31, 2022, down from SGD 47,541,000 in the previous year[92]. - The company is committed to maintaining an effective risk management system to address various operational risks, including contract duration and potential cost overruns[63]. - The company has not set measurable targets for gender diversity at the employee level but is committed to equal consideration for all qualified candidates regardless of gender[166]. Corporate Governance - The company emphasizes the importance of good corporate governance to enhance management and protect shareholder interests[140]. - The board of directors is committed to maintaining high ethical standards and effective corporate governance to enhance shareholder value and benefit employees and the community[144]. - The board has established mechanisms to ensure independent views and opinions are available, with half of the board members being independent non-executive directors[154]. - The company has adopted the corporate governance code and has complied with its provisions for the year ended December 31, 2022, except for one specific provision[144]. Risk Management and Compliance - The company has adopted a three-tier risk management approach to identify, assess, and manage various risks associated with its operations[183]. - The company has implemented an effective internal control system to safeguard significant assets and shareholder interests, which has been reviewed and deemed effective by the audit committee[184]. - The company has established a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[190]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development, as outlined in its environmental, social, and governance report[194]. - The board of directors is responsible for overseeing the group's environmental, social, and governance (ESG) matters, with a sustainable development committee assisting in reviewing and approving related strategies and goals[195]. - The group has set environmental goals related to greenhouse gas emissions, energy efficiency, waste management, and water consumption, with the board reviewing progress at least once a year[197]. Related Party Transactions - The independent non-executive directors confirmed that the disclosed related party transactions were conducted in the ordinary course of business and in accordance with fair and reasonable terms[104]. - Total amount paid to 2K Services Pte Ltd for the year ended December 31, 2022, was SGD 333,229, which is below the annual cap of SGD 822,000[102]. - The new framework agreement with 2K Services Pte Ltd includes contracts with two additional clients and will expire on December 31, 2024[101]. Board Composition and Diversity - As of December 31, 2022, the board consists of one female director and five male directors, following the appointment of Ms. Choi[162]. - Employee gender diversity as of December 31, 2022, shows 42.8% male and 57.2% female employees, promoting a diverse and inclusive work environment[164]. - The company has established a board diversity policy to enhance the effectiveness of the board by ensuring a balance of skills, experience, and diverse perspectives[162].

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至 年 月 日止年度之 2022 12 31 年度業績公告 Hygieia Group Limited（「本公司」，連同其附屬公司為「本集團」）董事（「董事」）會（「董事 會」）欣然宣佈本集團截至2022年12月31日止年度之年度業績及經審核年度綜合財務資料， 連同截至2021年12月31日止年度之比較數字。該等業績已由審核委員會（「審核委員會」） 審閱，並於2023年3月30日經董事會批准。 財務摘要 • 本集團截至2022年12月31日止年度之經審核收益約為63.4百萬新元，較截至2021年12 月31日止年度之收益約71.6百萬新元減少約8.2百萬新元或11.4%。 • 本集團截至2022年12月31日止年度之經審核除稅後虧損約為1.6百萬新元，較截至 ...