Financial Performance - The group reported a total revenue of HKD 98,798,000 for the three months ended June 30, 2019, representing an increase of 58.5% compared to HKD 62,329,000 for the same period in 2018[6]. - The profit attributable to owners of the company for the same period was HKD 10,923,000, compared to HKD 2,703,000 in the previous year, marking a significant increase of 304.5%[5]. - Basic earnings per share increased to HKD 5 cents from HKD 0.7 cents, reflecting strong growth in profitability[5]. - The group reported a pre-tax profit of HKD 13,066,000, significantly higher than HKD 3,874,000 for the same period last year, representing an increase of 236.5%[6]. - The total comprehensive income for the period was HKD 10,923,000, compared to HKD 2,703,000 in the previous year, indicating a growth of 304.5%[6]. - The company recorded revenue of HKD 98,798,000 for the three months ended June 30, 2019, representing a 58.5% increase compared to the same period in 2018[37]. - Net profit attributable to the company’s owners for the three months ended June 30, 2019, was approximately HKD 10,923,000, an increase of 304.1% from HKD 2,703,000 in the same period last year[53]. Cost and Expenses - The group incurred costs of materials and consumables amounting to HKD 27,327,000, up from HKD 18,419,000, indicating a rise of 48.5%[6]. - Employee costs rose to HKD 27,918,000 from HKD 19,261,000, an increase of 45.2% year-on-year[6]. - Depreciation expenses surged to HKD 16,107,000, compared to HKD 2,055,000 in the prior year, reflecting an increase of 682.5%[6]. - Material and consumable costs increased by 48.4% to HKD 27,327,000, but as a percentage of revenue, it decreased from 29.6% to 27.7%[41][43]. - Employee costs rose by 44.9% to HKD 27,918,000, with the percentage of revenue decreasing from 30.9% to 28.3%[41][43]. - Depreciation expenses surged by 683.8% to HKD 16,107,000, primarily due to the adoption of HKFRS 16 "Leases"[41][46]. - Other expenses increased by approximately 47.3% to HKD 5,316,000, with a slight decrease in percentage of revenue to 5.4% from 5.8% year-on-year[51]. Restaurant Operations and Expansion - The company continues to focus on expanding its restaurant operations in Hong Kong, leveraging its strong financial performance to support growth initiatives[12]. - The company opened four new restaurants during the quarter, increasing the total number of restaurants from 22 to 26[29]. - The company plans to open its first award-winning licensed Japanese ramen brand "Togano" restaurant in August 2019 at K11 MUSEA, Victoria Dockside, Tsim Sha Tsui[30]. - The company experienced a significant increase in the number of new restaurants, which helped to diversify its revenue sources and maintain competitiveness[34]. - The company is actively negotiating new potential locations for business expansion, in addition to two new restaurants already established[57]. Customer Metrics - The number of customers served across restaurants increased by 219,531 or 49.6% year-on-year, totaling 661,832 customers for the same three-month period[34]. - Average spending per customer rose from HKD 140.9 to HKD 149.3, with a higher average of HKD 158.8 when excluding snack and dessert businesses[34]. Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency in reporting[12]. - The company applied HKFRS 16 for the first time on April 1, 2019, which resulted in the recognition of right-of-use assets and corresponding lease liabilities[21]. - The company has established an audit committee in compliance with GEM listing rules, responsible for reviewing and monitoring the financial reporting process and internal control procedures[72]. - The audit committee held a meeting on August 8, 2019, to review the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, and found them compliant with applicable accounting standards, laws, and disclosure requirements[72]. - The board of directors confirmed compliance with trading standards for the three months ended June 30, 2019[69]. Financial Position - Total borrowings as of June 30, 2019, were approximately HKD 3,000,000, a decrease of 9.4% compared to March 31, 2019[54]. - Cash and cash equivalents were approximately HKD 73,000,000, indicating a net cash position as of June 30, 2019[54]. - As of March 31, 2019, the company had irrevocable operating lease commitments of HKD 197,212,000, which are defined under HKFRS 16[21]. - The average incremental borrowing rate applied for lease liabilities was 3.7%[22]. Dividends - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2019[25].

Financial Performance - Revenue for the fiscal year 2019 reached HKD 307,712,000, representing a 43% increase from HKD 215,175,000 in 2018[6] - Profit before tax for 2019 was HKD 31,674,000, up from HKD 6,910,000 in 2018, indicating a significant improvement in profitability[6] - The net profit for the year 2019 was HKD 27,252,000, compared to HKD 2,771,000 in 2018, reflecting a growth of 882%[6] - The company reported a revenue of approximately HKD 307.7 million for the year ending March 31, 2019, representing a growth of 43.0% compared to the previous year[72] - The revenue growth was attributed to the full-year operations of several restaurants, including New Da Beef and Say Cheese, as well as new openings and acquisitions[74] - The net profit attributable to the owners for the year ended March 31, 2019, was approximately HKD 27,252,000, an increase of about 38.9% compared to the adjusted net profit of HKD 19,618,000 from the previous year[82] Asset Management - Total assets increased to HKD 132,984,000 in 2019 from HKD 129,885,000 in 2018, showing stability in asset management[6] - The company reported a total equity of HKD 102,087,000 in 2019, slightly down from HKD 103,854,000 in 2018[6] - Total borrowings as of March 31, 2019, were approximately HKD 3,300,000, a decrease of 26.7% from the previous year[82] - The group had cash and cash equivalents of approximately HKD 55,300,000 as of March 31, 2019, with no significant foreign exchange risk anticipated[83] - The current ratio of the group was 2.6 times, indicating a net cash position[84] Market Expansion - The company has plans for market expansion, focusing on increasing its restaurant footprint in Hong Kong[9] - The group has expanded its restaurant network from 15 to 22 locations from March 31, 2018, to March 31, 2019, representing a 46.67% increase in the number of restaurants[38] - The group opened four new restaurants in April 2019, including a new 牛氣 restaurant in Tseung Kwan O and two new Rakuraku Ramen locations, indicating ongoing market expansion[43] - The company plans to open new restaurants in 2019, including locations in Tung Chung and Tsuen Wan, with expected seating capacities of 120[44] - The company is expanding its market presence by opening 10 new locations in key urban areas over the next year[101] Cost Management - The group reported that despite rising costs in raw materials, labor, and rent, it managed to maintain profitability above industry levels through various cost-saving measures[30] - The cost of materials and supplies increased by 43.5%, while employee costs rose by 37.1%, reflecting the overall revenue growth[75] - Employee costs as a percentage of revenue decreased by 1.3%, indicating improved efficiency in staffing[76] - The company aims to reduce operational costs by 8% through improved supply chain management[105] Employee Engagement and Training - The group has invested significantly in employee training and customer service initiatives, which contributed to winning the "Quality Customer Service Award 2018" from MTR Mall[31] - The group has implemented a "Employee Reward Day" program to enhance service levels, demonstrating a commitment to employee engagement and customer satisfaction[31] - Employee training programs have been enhanced, with a budget increase of 25% to improve service quality[104] - Employee compensation is determined based on individual performance, job nature, and responsibilities, with training and various benefits provided[198] Environmental Impact - The company reported a total carbon dioxide emission of 3,244,000 kg, indicating its environmental impact[16] - The company utilized 4,017,000 kWh of electricity, 89,000 cubic meters of gas, and 4,902,000 MJ of energy in the reporting period[13] Shareholder Information - The company plans to pay a final cash dividend of HKD 0.015 per share, with a payout ratio of 42.6% based on estimated profits attributable to shareholders of approximately HKD 27,252,000[89] - The company reported a cash dividend of HKD 0.015 per share for the fiscal year ending March 31, 2019, compared to HKD 0.022 per share for the previous year[115] - As of March 31, 2019, the company's distributable reserves amounted to HKD 34,061,000, an increase from HKD 26,819,000 in 2018[117] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the fiscal year[165] - The board of directors consists of five members, including the executive director and CEO, with a commitment to high ethical standards[174] - The company has implemented a board diversity policy considering various factors such as gender, age, and professional experience[181] - The company encourages a balanced work-life environment to maximize employee potential[164] Strategic Acquisitions - The acquisition of a 50% stake in Ocean Limited for approximately HKD 1,203,000, with a significant portion settled through assets from Fiat Caffé, reflects strategic growth through partnerships[45] - The company acquired three Parkview restaurants for a total consideration of HKD 5,500,000, completed on October 31, 2018[47] Customer Base - The company served a total of 2,091,499 customers in the fiscal year ending March 31, 2019, an increase of 661,973 customers or 46.3% compared to the previous year[55] - The top five customers accounted for less than 30% of the company's revenue during the year, indicating a diversified customer base[156] Risk Management - The financial risk management objectives and policies are outlined in the financial statements, indicating a structured approach to managing potential risks[114] - The company has faced potential risks and uncertainties, which are discussed in the financial statements[114]

Financial Performance - The group's revenue for the nine months ended December 31, 2018, was HKD 220,385,000, an increase of 40.1% compared to HKD 157,647,000 for the same period in 2017[6] - The net profit for the third quarter was HKD 7,431,000, compared to a loss of HKD 2,242,000 in the same quarter of the previous year[6] - Basic earnings per share for the third quarter was HKD 1.9, a significant improvement from a loss of HKD 0.7 in the prior year[6] - The group reported a pre-tax profit of HKD 21,237,000 for the nine months, compared to HKD 8,756,000 in the previous year[6] - The total comprehensive income for the nine months was HKD 17,646,000, compared to HKD 7,431,000 in the same period last year[6] - For the nine months ended December 31, 2018, the company reported a profit attributable to shareholders of HKD 17,646,000, compared to a loss of HKD 1,156,000 in the same period of 2017, representing a significant turnaround[22] - The basic earnings per share for the three months ended December 31, 2018, was HKD 0.0189, compared to a loss per share of HKD 0.0091 for the same period in 2017[22] - The company reported a net profit of approximately HKD 17,646,000 for the nine months ended December 31, 2018, an increase of about HKD 17,239,000 compared to the same period in 2017[54] Revenue and Customer Metrics - The number of customers served by the restaurants increased by 501,726, or 49.1%, totaling 1,523,300 customers for the nine months ended December 31, 2018[36] - Average spending per customer decreased from HKD 154.3 in 2017 to HKD 144.7 in 2018, but increased to HKD 161.3 when excluding snack and dessert businesses[36] - Revenue growth was attributed to new restaurant openings, including 牛氣 in September 2017 and Say Cheese in November 2017, among others, contributing to an overall increase of HKD 922,000 or 0.6% from existing restaurants[48] - The average daily sales for Vietnamese cuisine reached HKD 184,825, while Japanese cuisine reached HKD 370,262 for the nine months ended December 31, 2018[36] Costs and Expenses - The cost of materials and consumables used increased to HKD 62,061,000 for the nine months, up from HKD 48,942,000, reflecting a rise of 26.1%[6] - Employee costs for the nine months were HKD 67,384,000, compared to HKD 48,942,000, representing a 37.5% increase[6] - The cost of materials and consumables increased by 43.0% year-on-year, accounting for 28.2% of revenue, up from 27.5%[49][50] - Employee costs rose by 37.7% year-on-year, comprising 30.6% of revenue, a slight decrease of 0.1 percentage points from the previous year[49][51] - Other expenses increased by 66.2% year-on-year, totaling HKD 13,114,000, and accounted for 6.0% of revenue, up from 5.0%[52] Strategic Initiatives and Expansion - The group plans to continue expanding its restaurant operations in Hong Kong, focusing on enhancing customer experience and operational efficiency[9] - The company is exploring new product development and technology enhancements to improve service delivery and operational capabilities[9] - The financial results reflect the successful implementation of the group's strategic initiatives aimed at market expansion and operational improvements[9] - The company opened four new restaurants during the nine months ended December 31, 2018, including 牛氣 and Rakuraku Ramen, contributing to an increase in total restaurant count from 15 to 23[24][26] - The company plans to open additional restaurants in 2019, including 牛氣 in Tseung Kwan O and稻成 in Tung Chung, with expected opening dates in the second and third quarters of 2019[28] - The company aims to maintain a diversified brand portfolio to adapt to changing customer preferences and market conditions[36] - The company operates 23 restaurants as of December 31, 2018, with plans to continue expanding by negotiating new potential locations[58] Acquisitions and Joint Ventures - The company completed the acquisition of Sweetology on April 1, 2018, and finalized the acquisition of three Parkview restaurants on October 31, 2018[24][25] - The company acquired three Parkview restaurants for a total consideration of HKD 5,500,000, with additional commitments bringing the total to approximately HKD 8,500,000[31] - The company has established a joint venture with Lubuds Group, owning 50% of Madam Saigon and The Pho, enhancing its market presence in the Vietnamese cuisine segment[29] - The company entered into a franchise agreement for the exclusive use of the Japanese ramen brand "Takano" outside Japan, with plans to open the first restaurant[32] Shareholder and Governance Information - The company declared an interim dividend of HKD 0.015 per share for the six months ended September 30, 2018, compared to no dividend in the previous year[19] - The company repurchased 6,472,000 shares from the market, which were subsequently canceled, reflecting confidence in the company's long-term prospects[37] - Approximately HKD 37,000,000, or 55.3% of the net proceeds from a share sale, will be used to open new restaurants, including HKD 8,500,000 for the Parkview acquisition[40] - The company plans to upgrade its IT systems with approximately HKD 300,000, representing 0.5% of the net proceeds from the share sale[40] - As of December 31, 2018, the company repurchased a total of 6,472,000 shares, which were subsequently cancelled on August 2, 2018[64] - Mr. Huang and Ms. Chan each hold 259,002,000 shares, representing 65.815% of the company's equity[62] - IKEAB Limited, owned 70% by Mr. Huang and 30% by Ms. Chan, holds 250,318,000 shares, accounting for 63.609% of the equity[62] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ending December 31, 2018[65] - No directors or major shareholders have engaged in any business that competes with the group as of December 31, 2018[66] - The audit committee, consisting of independent non-executive directors, reviewed the unaudited consolidated financial statements for the nine months ending December 31, 2018[69] - The company expressed gratitude to all employees and management for their contributions during the reporting period[70] - There were no purchases, sales, or redemptions of any listed securities by the company or its subsidiaries during the reporting period[64] - The company has adopted written guidelines regarding securities transactions by directors, which are stricter than the GEM Listing Rules[67] - The compliance advisor confirmed that there are no interests held by the compliance advisor or its associates in the company's equity[68] Liquidity and Financial Position - Total borrowings as of December 31, 2018, were approximately HKD 3,600,000, a decrease of 78.9% from the previous year[54] - Cash and cash equivalents amounted to approximately HKD 72,400,000 as of December 31, 2018, indicating a strong liquidity position with a current ratio of 2.6 times[55]