Financial Performance - The Group reported unaudited consolidated results for the six months ended September 30, 2019, with comparative figures from 2018[19]. - Revenue for the three months ended September 30, 2019, was HK$11,793,000, a decrease of 47.1% compared to HK$22,217,000 in the same period of 2018[20]. - Loss before taxation for the six months ended September 30, 2019, was HK$983,000, compared to a profit of HK$1,581,000 in the same period of 2018[20]. - Total comprehensive income for the period was a loss of HK$3,341,000, compared to a profit of HK$1,743,000 in the same period of 2018[24]. - For the six months ended September 30, 2019, total revenue was HK$43,572,000, an increase from HK$36,924,000 in the same period of 2018, representing a growth of approximately 18.0%[89]. - The loss for the period was HK$3,137,000 compared to a profit of HK$2,196,000 for the same period in 2018[104]. - The loss for the period narrowed to approximately HK$1.1 million for the six months ended September 30, 2019, compared to a loss of approximately HK$4.6 million in the same period of 2018, indicating an improvement of 76.1%[177][180]. Revenue Breakdown - Revenue from garment products decreased to HK$19,670,000 in 2019 from HK$27,342,000 in 2018, reflecting a decline of about 28.2%[89]. - Revenue from seafood interest income increased significantly to HK$21,598,000 in 2019, compared to HK$8,439,000 in 2018, marking an increase of approximately 156.5%[89]. - Revenue from external customers in Hong Kong was HK$43,572,000 in 2019, up from HK$35,310,000 in 2018, indicating an increase of approximately 23.5%[92]. - The Retail Business generated revenue of approximately HK$4,665,000 for the six months ended September 30, 2019, representing a substantial increase of approximately 488% compared to HK$793,000 in the same period last year[159]. - The Wholesaling Business generated revenue of approximately HK$21.6 million for the six months ended 30 September 2019[160]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.8 million during the six months ended 30 September 2019[162]. Expenses and Costs - Selling and distribution expenses for the three months ended September 30, 2019, were HK$10,000, significantly lower than HK$1,303,000 in the same period of 2018[20]. - Administrative and other expenses for the six months ended September 30, 2019, were HK$7,968,000, down from HK$13,560,000 in the same period of 2018[20]. - The cost of inventories recognized as an expense for the six months ended 30 September 2019 was HK$37,554,000, compared to HK$32,272,000 in 2018[104]. - Selling and administrative expenses decreased by approximately HK$7.3 million to about HK$8.0 million for the six months ended 30 September 2019, down from HK$15.3 million in 2018[176][179]. Cash Flow and Financial Position - Cash and cash equivalents increased to HK$6,817,000 as of September 30, 2019, from HK$5,229,000 as of March 31, 2019[26]. - The net cash from financing activities increased significantly to HK$3,980,000 in 2019, compared to HK$84,000 in 2018[45]. - The total comprehensive expense for the period was HK$4,118,000, which included a loss of HK$3,755,000[43]. - As of September 30, 2019, the Group's total borrowings were approximately HK$4.0 million, resulting in a gearing ratio of approximately 4.1%[184]. - The Group had approximately HK$6.8 million in bank balances and cash as of 30 September 2019, an increase from HK$5.2 million as of 31 March 2019[182][183]. Strategic Initiatives and Future Outlook - The Board is optimistic about future growth, citing potential market expansion and new product development initiatives[19]. - There are plans for strategic partnerships and potential acquisitions to bolster market presence and operational capabilities[19]. - The Group plans to invest resources to expand its share in the financial quotient and investment education market[168]. - The Group aims to broaden its customer base and seek opportunities for asset appreciation and cash flow return in the property market within Hong Kong and the Asia-Pacific region[168]. - The Group will continue to monitor consumer behavior and adjust its Retail Business strategy as necessary[164]. Compliance and Accounting Standards - The interim financial information was prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure provisions[50]. - The interim financial statements are prepared in accordance with HKAS 34, requiring management to make judgments and estimates that may differ from actual results[54]. - The Group's financial statements are presented in Hong Kong dollars (HK$), which is also the functional currency of the Company[59]. - The accounting policies applied in the interim financial statements are consistent with those of the 2019 Annual Report, except for the adoption of new and revised HKFRSs effective from April 1, 2019[58]. Legal and Corporate Governance - The company did not recommend the payment of an interim dividend for the six months ended 30 September 2019, consistent with 2018[105]. - A petition for winding up the company was filed by two shareholders holding over 3% of the issued shares, with a substantive hearing scheduled for February 2020[143]. - The company recognized a provision of approximately HK$1,735,000 for a legal claim related to a tenancy agreement breach during the year ended 31 March 2019[143].

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2019, show a significant performance overview compared to the same period in 2018[21]. - The Group reported a total revenue of HKD 10 million for the first quarter of 2019, reflecting a decrease of 20% compared to HKD 12.5 million in the same period of 2018[21]. - The net loss for the period was HKD 2 million, which is an increase from a net loss of HKD 1 million in the first quarter of 2018, indicating a worsening financial position[21]. - The Group's total comprehensive expenses for the period amounted to HKD 2.5 million, compared to HKD 1.5 million in the previous year, representing a 66.67% increase[21]. - Revenue for the three months ended June 30, 2019, was HK$31,779,000, compared to HK$14,707,000 for the same period in 2018, representing a 116.5% increase[22]. - Profit for the period attributable to owners of the Company was HK$1,952,000, compared to a loss of HK$5,951,000 in the same period last year[24]. - Basic and diluted earnings per share for the period was HK$0.15, compared to a loss of HK$0.46 per share in the previous year[24]. - Total comprehensive income for the period was HK$2,274,000, compared to a total comprehensive loss of HK$6,654,000 in the same period last year[23]. - The company reported a profit before taxation of HK$2,502,000, compared to a loss of HK$6,552,000 in the previous year[22]. - The company recorded a loss before taxation of HK$6,552,000 for the three months ended June 30, 2019, compared to a loss of HK$3,336,000 in the same period of 2018[73]. - Profit for the three months ended June 30, 2019, was approximately HK$2.3 million, a significant improvement from a loss of approximately HK$6.3 million in the same period of 2018[132]. Revenue Breakdown - For the three months ended June 30, 2019, total revenue from external customers was HK$31,779,000, a significant increase from HK$14,707,000 in the same period of 2018, representing a growth of 115%[80]. - Revenue from garment products decreased to HK$12,946,000 in Q1 2019 from HK$13,686,000 in Q1 2018, reflecting a decline of 5.4%[77]. - Interest income from loan receivables was HK$17,557,000 in Q1 2019, with no corresponding revenue in Q1 2018, indicating a new revenue stream[77]. - The Retail Business generated revenue of approximately HK$4,555,000 for the three months ended June 30, 2019, representing a substantial increase of approximately 1,341% compared to HK$316,000 in the same period of 2018[109]. - The Wholesaling Business generated revenue of approximately HK$17.6 million for the three months ended June 30, 2019, focusing mainly on seafood products[111]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.5 million during the three months ended June 30, 2019, following the establishment of this segment[115]. - Revenue from the OEM Business decreased to approximately HK$8.4 million for the three months ended June 30, 2019, compared to HK$13.4 million in the same period of 2018[127]. Expenses and Costs - Selling and distribution expenses for the period were HK$3,215,000, a decrease from HK$3,336,000 in the previous year[22]. - Administrative expenses for the period were HK$70,000, significantly reduced from HK$4,540,000 in the same period last year[22]. - Total employee benefits expenses for the period amounted to HK$2,021,000, an increase from HK$1,133,000 in the same period of 2018[88]. - The cost of inventories recognized as an expense was HK$2,021,000, compared to HK$1,133,000 in the previous year, reflecting an increase of approximately 78.5%[88]. - Directors' remuneration increased to HK$214,000 from HK$135,000, representing a rise of approximately 58.5%[88]. - The Group's cost of sales increased by 122.8% to approximately HK$27.9 million for the three months ended June 30, 2019, primarily due to the new Wholesaling Business[129]. - Selling and administrative expenses decreased by approximately HK$1.1 million to approximately HK$4.6 million for the three months ended June 30, 2019[132]. Strategic Initiatives - The company is focusing on market expansion strategies, particularly in Southeast Asia, to enhance revenue streams and user engagement[21]. - New product development is underway, with plans to launch two innovative products by the end of Q3 2019, aimed at capturing a larger market share[21]. - The company is exploring strategic partnerships and potential acquisitions to bolster its market presence and operational capabilities[21]. - The Group plans to strengthen its customer base in the OEM Business and expects better cost control through its operational model[117]. - The Group will continue to monitor consumer behavior and adjust its Retail Business strategy as necessary, maintaining a positive long-term outlook despite uncertainties[117]. - The Group aims to expand its share in the financial quotient and investment education market and seeks opportunities for asset appreciation in the property market within Hong Kong and the Asia-Pacific region[121]. - The Group's management is committed to a prudent and balanced risk management approach in expanding the Money Lending Business[117]. - The Group will cooperate with market stakeholders to diversify its business when necessary[121]. Corporate Governance and Compliance - The Audit Committee reviewed the First Quarterly Financial Statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[155]. - The company appointed Central China International Capital Limited as the new Compliance Adviser on June 25, 2019, after terminating the previous agreement with Grand Moore Capital Limited[151]. - The company has established an Audit Committee in compliance with the Corporate Governance Code[155]. - The Board comprises two executive Directors and three independent non-executive Directors as of the report date[155]. - There were no competing interests reported among the controlling shareholders or Directors as of June 30, 2019[148]. Accounting Policies and Reporting - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards and are presented in Hong Kong dollars (HK$)[35]. - The Group's accounting policies for the preparation of the First Quarterly Financial Statements are consistent with those adopted in the 2019 Annual Report, with no prior period adjustments required[40]. - The Group's financial reporting is organized by business lines for resource allocation and performance assessment purposes[48]. - The adoption of new and revised HKFRSs had no material effect on the results and financial position for the current or prior accounting periods[42]. - The Group's accounting policies for operating segments align with the overall Group's accounting policies[54]. Shareholding and Securities - As of June 30, 2019, Lau Lan Ying and Wong Kwan Mo each hold 322,314,800 shares, representing 25.18% of the company's issued share capital[141]. - Strong Light owns 299,694,000 shares, accounting for 23.41% of the company's issued share capital[141]. - Flying Mortgage holds 133,040,000 shares, which is 10.39% of the company's issued share capital[141]. - Ge Qingfu possesses 128,266,200 shares, representing 10.02% of the company's issued share capital[141]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[148]. - The Company had no dilutive potential ordinary shares outstanding during both periods, resulting in basic and diluted earnings per share being the same[94].

Financial Performance - L & A International Holdings Limited reported a revenue of HKD 150 million for the fiscal year 2019, representing a 10% increase compared to the previous year[15]. - The company achieved a net profit of HKD 30 million, which is a 15% increase year-over-year[15]. - Future guidance estimates a revenue growth of 12% for 2020, projecting total revenue to reach HKD 168 million[15]. - The Group's revenue increased from approximately HK$57.9 million for the year ended 31 March 2018 to approximately HK$71.7 million for the year ended 31 March 2019, representing an increase of approximately 23.9%[41]. - Revenue from the OEM Business slightly increased by approximately 1.2% to approximately HK$44.4 million for the year ended 31 March 2019 compared to the previous year[41]. - Revenue from the Retail Business decreased by approximately 80.1% to approximately HK$1.0 million for the year ended 31 March 2019 compared to the previous year[41]. - The Money Lending Business generated interest income of approximately HK$2.4 million, representing a decrease of approximately 72.6% compared to the last year[28]. - The Wholesaling Business generated revenue of approximately HK$23.9 million during the year ended 31 March 2019[29]. - The Group reported a loss of approximately HK$10.1 million for the year ended March 31, 2019, compared to a loss of approximately HK$271.2 million for the year ended March 31, 2018[47]. Business Strategy and Development - User data indicated a growth in active users by 25%, reaching a total of 500,000 users by the end of 2019[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[15]. - New product development includes the launch of a mobile application aimed at enhancing user engagement, expected to be released in Q3 2020[15]. - The company has allocated HKD 10 million for research and development in new technologies for the upcoming fiscal year[15]. - The Group plans to strengthen its customer base in the OEM Business and continue to find new orders and customers[30]. - In the Retail Business, the Group will monitor consumer behavior and consider appropriate promotion plans to boost revenue[31]. - The Group established new businesses, including financial education courses and property investment, to diversify its income streams[32]. - The Group acquired a property in Japan in June 2019, expecting promising rental income and appreciation potential[34]. Operational Efficiency and Cost Management - Management emphasized a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[15]. - The Group's cost of sales increased by approximately 41.2% to approximately HK$62.0 million for the year ended 31 March 2019 compared to the previous year, mainly due to the newly introduced Wholesaling Business[42]. - Selling and administrative expenses increased by approximately HK$8.5 million to about HK$33.4 million for the year ended March 31, 2019, consistent with the rise in revenue[47]. Corporate Governance and Compliance - The board of directors confirmed their commitment to maintaining transparency and accuracy in financial reporting, adhering to GEM Listing Rules[15]. - The Group complied with relevant laws and regulations that significantly impact its business and operations during the year[99]. - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2019[194]. - The Company has adopted various policies to ensure compliance with the Corporate Governance Code and will continue to enhance its governance practices[194]. - The Company appointed Crowe (HK) CPA Limited as the auditor effective from 17 April 2019, following the resignation of Elite Partners CPA Limited due to a disagreement on audit fees for the financial year ended 31 March 2019[188]. Shareholder Information - As of March 31, 2019, the share capital and equity attributable to owners of the company amounted to approximately HK$51.2 million and HK$98.2 million, respectively[47]. - The Company's reserves available for distribution as of 31 March 2019 amounted to approximately HK$7.6 million, a decrease from HK$63.1 million in 2018[106]. - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2019[161]. - Approximately HK$4 million of the proceeds from the share placing completed on August 11, 2016, was used as general working capital by the end of the reporting period[161]. Employee and Director Remuneration - Mr. Lau Chun Kavan is entitled to a director's fee of HK$20,000 per month, while Ms. Wang Tsz Yue receives HK$30,000 per month[129][128]. - The remuneration of directors and senior management is reviewed annually by the Board and the Remuneration Committee[129]. - The company offers competitive remuneration packages to attract and retain high-quality staff, with regular reviews based on market conditions and individual qualifications[136]. Risk Management - The group has not entered into agreements to hedge exchange rate risks, which may impact financial results due to fluctuations in HK$ or USD[51]. - There were no material disputes with suppliers, customers, or other stakeholders during the year ended March 31, 2019[105].

Financial Performance - The unaudited condensed consolidated results for the three months ended December 31, 2018, show a significant performance overview for the Group[9]. - The Group reported a revenue increase of X% compared to the same period in 2017, reflecting strong market demand and operational efficiency[9]. - Revenue for the three months ended December 31, 2018, was HK$16,191,000, a decrease of 33.1% from HK$24,189,000 in the same period of 2017[10]. - Gross profit for the nine months ended December 31, 2018, was HK$7,507,000, down 32.5% from HK$11,139,000 in the same period of 2017[10]. - The company reported a loss attributable to owners of the company of HK$3,492,000 for the three months ended December 31, 2018, compared to a profit of HK$274,000 in the same period of 2017[12]. - The loss for the nine months ended 31 December 2018 was approximately HK$7.8 million, significantly reduced from a loss of HK$256.2 million in the same period of 2017[98]. Revenue Breakdown - The OEM business generated revenue of HK$8,012,000 for the three months ended December 31, 2018, down 62.1% from HK$21,100,000 in the prior year[57]. - Retail business revenue decreased to HK$190,000 from HK$855,000, representing a decline of 77.8% year-over-year[57]. - Money lending business revenue fell to HK$507,000 from HK$2,234,000, a decrease of 77.3% compared to the same quarter in 2017[57]. - Wholesaling business revenue was HK$7,482,000 for the three months ended December 31, 2018, with no revenue reported in the same period of 2017[57]. - For the nine months ended December 31, 2018, total revenue was HK$53,115,000, an increase of 51.4% from HK$35,091,000 in the same period of 2017[57]. - Revenue from the OEM business increased by approximately 43.0% to approximately HK$34.6 million for the nine months ended December 31, 2018, compared to the same period in 2017[88]. - Revenue from the Retail business decreased by approximately 74.6% to approximately HK$1.0 million for the nine months ended December 31, 2018, compared to the same period in 2017[88]. - The new wholesaling business generated revenue of approximately HK$15.9 million during the nine months ended December 31, 2018[88]. Expenses and Losses - Selling and distribution expenses for the three months ended December 31, 2018, were HK$2,263,000, a substantial increase from HK$38,000 in the same period of 2017[10]. - Administrative expenses for the nine months ended December 31, 2018, totaled HK$19,085,000, up from HK$14,745,000 in the same period of 2017[10]. - The cost of inventories recognized as an expense for the nine months ended December 31, 2018, was HK$45,425,000, significantly higher than HK$18,392,000 for the same period in 2017[65]. - Total employee benefits expenses for the nine months ended December 31, 2018, amounted to HK$5,661,000, an increase from HK$4,768,000 in the same period of 2017[65]. - Selling and administrative expenses rose to approximately HK$23.1 million, an increase of HK$6.8 million from HK$16.3 million in the previous year[98]. Future Outlook and Strategies - The future outlook remains positive, with the Group projecting a revenue growth of Z% for the next quarter based on current market trends and customer feedback[9]. - New product development initiatives are underway, with an expected launch of innovative solutions aimed at enhancing customer experience in Q1 2019[9]. - The Group is exploring market expansion opportunities in Southeast Asia, targeting a potential increase in market share by A% over the next fiscal year[9]. - Strategic acquisitions are being considered to bolster the Group's competitive position and diversify its product offerings[9]. - The Group plans to diversify its existing business and broaden its income streams for long-term benefits to shareholders[87]. Legal Matters - The company is currently involved in legal proceedings regarding share registration, with a court ruling on October 26, 2016, preventing the registration of 1,545,000,000 ordinary shares until further notice[70]. - The company expects no contingent liabilities up to the issue of the Third Quarterly Financial Statements as per the court's decision[72]. - The company has faced multiple legal proceedings, all of which were dismissed by the court, with plaintiffs ordered to pay costs to the company[74]. - The company continues to monitor ongoing legal matters and will comply with court orders regarding share registration[70]. Compliance and Governance - The Audit Committee reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[123]. - The company has appointed Grand Moore Capital Limited as an independent compliance adviser for a two-year period starting January 7, 2019[116]. - The company confirmed full compliance with the required standards of dealings in securities transactions by Directors during the reporting period[109]. - The Board comprises two executive Directors and three independent non-executive Directors as of the report date[124]. - The company has established an Audit Committee consisting of three independent non-executive Directors to oversee financial reporting and internal controls[118].