Financial Performance - The company's revenue for the fiscal year ended June 30, 2019, was approximately SGD 10.4 million, a decrease of 25.2% from approximately SGD 13.9 million for the fiscal year ended June 30, 2018[5]. - Gross profit for the fiscal year was approximately SGD 3.7 million, with a pre-tax profit of approximately SGD 2.7 million[3]. - The decline in revenue was attributed to a more aggressive pricing strategy that reduced the gross margin by approximately 5.9% and delays in the bidding process for several large projects[5]. - Revenue from integrated design and construction services was SGD 9,972,641, down from SGD 13,358,328 in the previous year[8]. - Revenue from maintenance and other services was SGD 377,751, compared to SGD 474,386 in the previous year[8]. - Revenue from tools and materials sales was SGD 52,900, down from SGD 95,906 in the previous year[8]. - Revenue from comprehensive design and architectural services decreased by approximately SGD 3.4 million or 25.4% to about SGD 10.0 million for the year ended June 30, 2019, primarily due to a more aggressive pricing strategy and delays in bidding for large projects[9]. - Maintenance and other services revenue fell by approximately SGD 0.1 million or 20.0% to about SGD 0.4 million for the year ended June 30, 2019, mainly due to a decrease in one-off small project orders from clients[10]. - Gross profit for the year ended June 30, 2019, was approximately SGD 3.7 million, a decrease of about 36.2% from approximately SGD 5.8 million for the year ended June 30, 2018, with a gross margin of about 35.5% compared to 41.4% in the previous year[11]. - The group recorded a net profit of approximately SGD 2.3 million for the year ended June 30, 2019, compared to SGD 0.9 million in 2018, representing a decrease of about SGD 2.0 million or 46.5% when excluding non-recurring listing expenses[18]. - Other income increased significantly by approximately SGD 0.4 million to about SGD 0.5 million for the year ended June 30, 2019, mainly due to interest income generated from funds held in financial institutions[12]. - The company reported a total cash and cash equivalents balance of SGD 22,464,228 at the end of the fiscal year, up from SGD 21,042,512 at the beginning of the year[185]. - The company reported a net cash generated from operating activities of SGD 897,571, a significant recovery from a cash outflow of SGD 45,454 in the previous year[184]. - The company reported a total current assets as of June 30, 2019, were SGD 28,514,583, up from SGD 27,044,271 in 2018, indicating a 5.4% increase[180]. - Total liabilities decreased to SGD 1,272,015 from SGD 2,002,568, a reduction of 36.5%[180]. - Total equity attributable to owners of the company increased to SGD 27,943,981 from SGD 25,681,370, reflecting a growth of 8.8%[181]. Market Outlook - The company remains optimistic about the future of the healthcare construction industry, driven by government plans to expand the network of specialist clinics from 20 to approximately 30-32 by 2030[7]. - The Singapore government is actively planning healthcare infrastructure development to meet growing medical demands, which is expected to increase the demand for radiation protection engineering[6]. - The ongoing construction of several hospitals, including the new National Cancer Centre, is expected to provide more opportunities for the company in the healthcare sector[7]. - The company is committed to exploring emerging construction technologies to strengthen its market position in Singapore's healthcare sector[3]. Corporate Governance - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value, adhering to all provisions of the corporate governance code as per the listing rules[49]. - The board of directors is responsible for daily operations, overall business development, project management, and financial performance evaluation, with regular meetings held to monitor these aspects[50]. - The company has appointed independent non-executive directors, ensuring at least one possesses appropriate professional qualifications or relevant financial management expertise[51]. - The board has reviewed the effectiveness of the group's risk management and internal control systems as of June 30, 2019[50]. - The company has adopted the standard code of conduct for securities trading by directors and employees, confirming compliance throughout the fiscal year[55]. - Continuous professional development activities for directors included reviewing corporate governance codes and related listing rules, ensuring they remain informed on relevant topics[53][54]. - The company has established an audit committee to evaluate internal controls and detect potential deficiencies, ensuring compliance with ethical business practices[158]. Employee and Workforce - As of June 30, 2019, the group employed 41 full-time employees, a decrease from 43 full-time employees as of June 30, 2018[28]. - Total employee costs for the year ending June 30, 2019, amounted to approximately SGD 2.7 million, compared to SGD 2.6 million in 2018[28]. - The company has maintained good relationships with employees, providing salaries, bonuses, and other cash benefits based on qualifications, positions, and seniority[105]. - The company provides on-the-job training for all employees to enhance their skills and knowledge related to various job functions, including external courses on safety, quality assurance, and risk management[150]. - The company encourages and supports employees in participating in personal and professional training to adapt to new technologies and equipment[150]. Environmental and Social Responsibility - The company has established an environmental management system compliant with ISO 14001 to minimize operational impacts[126]. - The company is committed to continuous improvement of its environmental management system to reduce negative environmental impacts[126]. - The group has implemented policies for effective resource usage, including energy and water consumption metrics[163]. - The group has established policies to mitigate significant environmental impacts from business activities, including noise management[164]. - The group emphasizes employee welfare through policies on compensation, recruitment, and equal opportunities[165]. - The group has a community investment policy to understand and address community needs through business activities[166]. - The group is committed to community engagement and corporate social responsibility, encouraging employees to donate to recognized charities[160]. Financial Reporting and Compliance - The independent auditor's report confirms that the consolidated financial statements reflect the group's financial position fairly as of June 30, 2019[167]. - The financial statements have been prepared in accordance with International Financial Reporting Standards and Hong Kong Companies Ordinance disclosure requirements[167]. - The company reported significant revenue recognition and construction contract accounting methods, which are critical audit matters[170]. - The assessment of contract costs and the expected total costs for construction projects are crucial for revenue recognition[171]. - The company applies the input method to measure progress on construction contracts, which impacts revenue recognition[171]. - The company must ensure that internal controls are effective to prevent significant misstatements in financial reporting[175]. Shareholder Information - The total issued share capital of the company as of June 30, 2019, was 800,000,000 ordinary shares with a par value of HKD 0.01 each[79]. - The group had distributable reserves of approximately SGD 10.3 million as of June 30, 2019, compared to SGD 8.0 million in 2018, reflecting a year-on-year increase of 28.75%[79]. - Major shareholders hold a total of 600,000,000 shares, representing 75% of the issued share capital[90]. - The beneficial ownership of Skylight Illumination is divided among Mr. Hong (51%), Mr. Wang (34%), and Mr. Xu (15%)[90]. - The company has adopted a dividend policy that considers the overall financial condition, capital and debt levels, and future cash needs before declaring dividends[83]. - The board will review the dividend policy periodically and cannot guarantee the declaration of dividends in any specific period[83].

Financial Performance - Revenue for the six months ended December 31, 2018, was SGD 5,583,189, a decrease of 32.9% from SGD 8,333,248 in the same period of 2017[4] - Gross profit for the same period was SGD 2,143,148, down 37.5% from SGD 3,438,841 year-on-year[4] - The net profit for the period was SGD 1,396,896, compared to SGD 1,492,904 in the previous year, reflecting a decrease of 6.4%[4] - Basic and diluted earnings per share were SGD 0.17, down from SGD 0.25 in the same period last year, representing a decline of 32%[4] - For the six months ended December 31, 2018, the pre-tax profit was SGD 1,700,799, a decrease of 13.8% from SGD 1,972,665 in the same period of 2017[11] - Operating cash flow before changes in working capital was SGD 1,537,463, down 23.8% from SGD 2,019,406 in the previous year[11] - The net cash generated from operating activities was SGD 713,607, a decline of 17.3% compared to SGD 862,612 in the prior period[11] - The group recorded a profit of approximately SGD 1.4 million for the six months ended December 31, 2018, compared to approximately SGD 1.5 million for the same period in 2017[61] Revenue Breakdown - Revenue from integrated design and construction services was SGD 5,317,012, down from SGD 8,127,702, indicating a decrease of about 34.5%[20] - Revenue from maintenance and other services was SGD 177,687, a slight decrease from SGD 194,648, reflecting a decline of approximately 8.7%[20] - Revenue from tools and materials sales increased significantly to SGD 88,490 from SGD 10,898, marking a growth of approximately 711.5%[20] - Revenue from Singapore accounted for 94.1% of total revenue, down from 99.1% in the previous year, indicating a diversification in revenue sources[23] - The group's revenue decreased from approximately SGD 8.3 million for the six months ended December 31, 2017, to approximately SGD 5.6 million for the six months ended December 31, 2018, representing a decline of about SGD 2.7 million or 33.0%[54] - Revenue from integrated design and construction services fell by approximately SGD 2.8 million or 34.6%, from approximately SGD 8.1 million to approximately SGD 5.3 million, primarily due to delays in the bidding process for several large projects[54] Expenses and Costs - Administrative expenses rose to SGD 717,644, up 69% from SGD 424,612 in the previous year[4] - The cost of services/sales decreased from approximately SGD 4.9 million to approximately SGD 3.4 million, a reduction of about SGD 1.5 million or 29.7%[55] - Gross profit for the six months ended December 31, 2018, was approximately SGD 2.1 million, down about 37.7% from approximately SGD 3.4 million for the same period in 2017[56] - The gross profit margin decreased to approximately 38.4% from approximately 41.3% due to more competitive pricing offered to secure new projects[56] - The total employee cost for the six months ended December 31, 2018, was approximately SGD 1.2 million, compared to SGD 1.0 million for the same period in 2017[69] Assets and Liabilities - Total assets as of December 31, 2018, were SGD 28,285,024, an increase from SGD 27,044,271 as of June 30, 2018[7] - The company's net asset value increased to SGD 27,078,266 from SGD 25,681,370, reflecting a growth of 5.4%[7] - Trade receivables decreased to SGD 3,121,515 from SGD 4,643,184, indicating a reduction of 32.7%[7] - The company reported total liabilities of SGD 883,595 as of December 31, 2018, slightly down from SGD 895,249 as of June 30, 2018[40] - Trade payables increased to SGD 512,788 as of December 31, 2018, compared to SGD 300,474 as of June 30, 2018[40] Cash Flow and Investments - The cash and cash equivalents at the end of the period amounted to SGD 21,986,099, significantly up from SGD 4,689,461 at the end of the previous year[11] - The net cash from investing activities was SGD 71,751, compared to a cash outflow of SGD 420 in the same period last year[11] - As of December 31, 2018, the group's total cash and bank balances were approximately SGD 21.8 million, up from approximately SGD 21.0 million as of June 30, 2018[62] Corporate Governance and Compliance - The company confirmed compliance with the corporate governance code as per the listing rules for the six months ending December 31, 2018[92] - All directors confirmed compliance with the code of conduct for securities transactions during the six months ending December 31, 2018[90] - The audit committee reviewed the unaudited condensed consolidated results for the six months ending December 31, 2018, and had no objections to the accounting principles adopted by the management[93] Strategic Focus and Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings to drive future growth[3] - The company is focused on providing integrated design and construction services in the healthcare sector, leveraging expertise in radiation protection engineering[12] - The company experienced delays in the bidding process for several large projects, impacting expected revenue[52] - The management emphasized the importance of risk management strategies, particularly in project execution, to mitigate potential losses[85] - The company plans to enhance operational efficiency, aiming for a reduction in costs by F% through process optimization[86]