Revenue Performance - Total revenue for the six months ended September 30, 2019, was approximately HKD 651.0 million, an increase of about HKD 61.7 million or 10.5% compared to the previous period[40] - Revenue from the IT infrastructure solutions segment was approximately HKD 589.3 million, up about HKD 57.1 million or 10.7% from the previous period[40] - The IT management services segment generated revenue of approximately HKD 61.7 million, an increase of about HKD 4.6 million or 8.1% compared to the previous period[40] - Revenue for the six months ended September 30, 2019, was HKD 650,993,000, an increase of 10.4% compared to HKD 589,324,000 for the same period in 2018[99] - Revenue from the public sector, including the Hong Kong government and educational institutions, amounted to HKD 313,351,000, contributing significantly to total revenue[151] - The IT infrastructure segment generated revenue of HKD 589,327,000, while the IT management services segment contributed HKD 61,666,000, indicating a strong performance in infrastructure solutions[157] - The revenue from the banking and financial sector was HKD 115,651,000, showcasing the company's strong foothold in this critical market segment[151] Profitability - Gross profit increased to approximately HKD 66.5 million, up about HKD 9.7 million or 17.1% from the previous period[42] - The gross profit margin for the period was approximately 10.2%, compared to about 9.6% in the previous period[45] - Net profit for the period was approximately HKD 12.6 million, an increase of about HKD 2.3 million or 22.3% compared to the previous period[48] - Profit before tax increased to HKD 15,269,000, up 21.3% from HKD 12,591,000 in the previous year[99] - Net profit for the period was HKD 12,433,000, compared to HKD 10,219,000 in the prior year, reflecting a growth of 21.6%[99] - The company’s profit for the six months ended September 30, 2019, was HKD 12,585,000, an increase of 22% compared to HKD 10,314,000 for the same period in 2018[169] Expenses and Costs - Operating expenses totaled approximately HKD 46.4 million, an increase of about HKD 3.4 million or 7.9% from the previous period[46] - The cost of goods sold for the period was HKD 534,789,000, up from HKD 486,694,000 in the previous year, reflecting an increase of approximately 9.5%[167] - The company incurred depreciation expenses of HKD 975,000 for the period, which is an increase from HKD 536,000 in the previous year, reflecting an increase of 81.9%[167] - The group reported a total employee cost of approximately HKD 55.1 million, an increase from HKD 52.0 million in the previous period[60] Cash Flow and Financial Position - Cash and cash equivalents were approximately HKD 126.7 million as of September 30, 2019, down from approximately HKD 230.3 million at the end of the previous period[50] - The net cash used in operating activities for the six months ended September 30, 2019, was HKD (88,845,000), compared to HKD (77,731,000) for the same period in 2018, indicating a worsening cash flow situation[109] - The net cash used in investing activities improved to HKD 1,853,000 for the six months ended September 30, 2019, compared to HKD (2,213,000) in the previous year, indicating a positive shift in investment cash flow[109] - Total assets as of September 30, 2019, were HKD 463,553,000, a decrease from HKD 508,997,000 as of March 31, 2019[102] - As of September 30, 2019, total equity decreased to HKD 206,017,000 from HKD 210,084,000 as of April 1, 2019, reflecting a decline of approximately 1.6%[106] Shareholder Returns - The group has not declared an interim dividend for the period, compared to an interim dividend of HKD 0.04 per share in the previous period[64] - The company paid dividends of HKD (16,500,000) during the period, a decrease from HKD (21,000,000) in the previous year, reflecting a reduction of approximately 21.4%[109] Strategic Initiatives - The group plans to continue expanding its service offerings and enhancing customer satisfaction despite challenges posed by the US-China trade tensions and the economic environment in Hong Kong[72] - The group aims to enhance its marketing efforts, with HKD 5.6 million allocated for this purpose, representing 10% of the total net proceeds[67] - The company plans to continue expanding its service offerings in cybersecurity training, which generated HKD 152,000 in revenue during the reporting period[151] Accounting and Compliance - The company has adopted HKFRS 16 "Leases," which has resulted in changes to accounting policies regarding lease liabilities and right-of-use assets[115] - The transition to HKFRS 16 did not have a significant impact on the company's financial position as the adjustments were primarily related to the recognition of lease liabilities and right-of-use assets[134] - The company continues to evaluate the impact of new accounting standards on its financial reporting and compliance[134] Risk Management - The group has established a structural foreign currency forward contract to mitigate foreign exchange risks associated with procurement from certain suppliers[59] - The company recognized an impairment loss of HKD 3,823,000 on trade receivables, indicating a cautious approach to credit risk management[162] - The company has implemented credit reviews for new customers to assess credit quality and define credit limits, with terms of 30 to 60 days for customer credit[173]