Financial Performance - For the three months ended September 30, 2019, the company reported revenue of SGD 11,155,791, a decrease of 42.8% compared to SGD 19,500,152 for the same period in 2018[7] - The gross profit for the three months ended September 30, 2019, was SGD 3,023,307, down 43.2% from SGD 5,320,816 in the same period last year[7] - The net profit for the three months ended September 30, 2019, was SGD 1,291,097, a decline of 44.8% compared to SGD 2,339,482 for the same period in 2018[7] - For the nine months ended September 30, 2019, the company achieved revenue of SGD 39,669,315, an increase of 7.2% from SGD 37,003,609 in the same period last year[7] - The net profit for the nine months ended September 30, 2019, was SGD 4,885,287, a decrease of 10.5% compared to SGD 5,456,604 for the same period in 2018[7] - The company reported a basic earnings per share of SGD 0.27 for the three months ended September 30, 2019, down from SGD 0.49 in the same period last year[7] - The total comprehensive income for the nine months ended September 30, 2019, was SGD 4,887,728, compared to SGD 5,456,604 for the same period in 2018[9] Revenue Sources - Revenue from steel structure services for the three months ended September 30, 2019, was SGD 11,155,791, a decrease of 43.1% compared to SGD 19,500,152 for the same period in 2018[22] - For the nine months ended September 30, 2019, revenue from steel structure services increased to SGD 39,669,315, up 7.2% from SGD 37,003,609 in the same period of 2018[22] - Major customer I contributed SGD 6,008,197 for the three months ended September 30, 2019, down 66.7% from SGD 18,030,969 in the same period of 2018[24] - Total revenue from Singapore for the three months ended September 30, 2019, was SGD 11,155,791, down 42.1% from SGD 19,185,446 in the same period of 2018[25] Costs and Expenses - Total employee costs for the nine months ended September 30, 2019, amounted to SGD 3.72 million, an increase from SGD 3.13 million in 2018[43] - Sales and administrative expenses for the nine months ended September 30, 2019, were approximately SGD 3.01 million, a decrease from SGD 3.88 million in 2018[44] - The company incurred professional service fees of approximately SGD 710,000 related to its proposed listing transfer during the nine months ended September 30, 2019[44] - The group incurred professional service fees related to the listing transfer amounting to SGD 188,000 for the three months ended September 30, 2019[29] Assets and Equity - The company’s total equity as of September 30, 2019, was SGD 30,384,255, reflecting an increase from SGD 24,413,072 as of September 30, 2018[9] - The group recognized a right-of-use asset of SGD 313,652 as of January 1, 2019, in accordance with the adoption of IFRS 16[19] Market and Strategic Focus - The company has been focusing on providing design, supply, manufacturing, and installation services for steel structures in various sectors, including industrial and commercial buildings[13] - The company’s operational headquarters is located in Singapore, indicating a strategic focus on the Southeast Asian market[13] - The company plans to expand its capacity and hire more staff to strengthen its market position in the steel structure industry in Singapore[57] - The demand for industrial space involving design and construction is anticipated to grow, potentially stimulating the steel structure market before 2024[56] - The company emphasizes the advantages of steel as a construction material, including its recyclability and lower labor intensity compared to concrete[56] Future Outlook - The total construction demand in Singapore for 2019 is expected to be between SGD 27 billion and SGD 32 billion, similar to the preliminary estimate of SGD 30.5 billion in 2018[54] - Public sector contributions to construction demand are projected to be between SGD 16 billion and SGD 20 billion annually from 2020 to 2023, with a balanced demand for building and civil engineering projects[56] - The company has secured a new project valued at SGD 10,600,000, which is set to commence in 2020[50] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules for the nine months ended September 30, 2019[67] - The company has established an audit committee to assist the board in overseeing financial reporting, internal controls, and risk management systems[76] - The board consists of two executive directors and three independent non-executive directors as of the report date[77] Shareholder Information - As of September 30, 2019, Broadbville Limited holds 360,000,000 shares, representing approximately 75% of the issued share capital[63] - The company did not recommend any dividends for the nine months ended September 30, 2019, consistent with 2018[35] - The company did not recommend the payment of dividends for the nine months ended September 30, 2019[71] Acquisitions - On March 18, 2019, the company’s wholly-owned subsidiary G-Tech Metal entered into a share purchase agreement to acquire all issued shares of Kay Huat Trading Company Private Limited for SGD 3,500,000[72] - The acquisition is expected to enhance the company's production and manufacturing capacity, providing additional storage space for beams and steel to meet increasing demand[73] Risk Factors - The company is exposed to foreign exchange risk due to holding funds in Hong Kong dollars, which are subject to fluctuations against the Singapore dollar[47] Other Information - The company has not experienced any significant events after the nine months ended September 30, 2019, up to the report date[75] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ended September 30, 2019[66] - The compliance advisor has confirmed that there are no interests that need to be disclosed under GEM listing rules as of September 30, 2019[68] - The weighted average incremental borrowing rate applicable to lease liabilities as of January 1, 2019, was 4.79%[19] - The group reported a loss of SGD 510 from the sale of property, plant, and equipment for the nine months ended September 30, 2019[28]

Financial Performance - For the three months ended June 30, 2019, the company reported revenue of SGD 11,684,123, an increase of 4.7% compared to SGD 11,154,183 for the same period in 2018[8] - The gross profit for the six months ended June 30, 2019, was SGD 6,685,272, representing a 33.1% increase from SGD 5,026,291 in the previous year[8] - The net profit for the six months ended June 30, 2019, was SGD 3,594,190, up 15.3% from SGD 3,117,122 in the same period of 2018[8] - Basic earnings per share for the six months ended June 30, 2019, were SGD 0.75, compared to SGD 0.65 for the same period in 2018, marking a 15.4% increase[8] - Total comprehensive income for the six months ended June 30, 2019, was SGD 3,117,122, compared to SGD 3,594,190 for the same period in 2018, reflecting an increase in cumulative profits to SGD 16,652,528[14] - The profit before tax for the six months ended June 30, 2019, was SGD 3,594,190, compared to SGD 3,117,122 for the same period in 2018, reflecting an increase of 15.3%[44] - The group recorded a pre-tax profit of approximately SGD 5,037,000, an increase of 35.8% compared to SGD 3,708,000 for the same period in 2018[72] - The group's net profit after tax for the same period was approximately SGD 4,116,000, up 32.0% from SGD 3,117,000 in 2018[72] Assets and Liabilities - The company’s total assets as of June 30, 2019, were SGD 36,258,675, a slight decrease from SGD 37,263,534 at the end of 2018[10] - The company’s total liabilities decreased to SGD 30,494,582 from SGD 26,964,272 at the end of 2018, reflecting improved financial stability[12] - The company’s total equity as of June 30, 2019, was SGD 29,093,158, an increase from SGD 25,496,527 as of January 1, 2019[14] - The group’s current assets net value was approximately SGD 26,442,000 as of June 30, 2019, compared to SGD 22,900,000 on December 31, 2018[73] - The group’s total equity attributable to owners was approximately SGD 29,093,000 as of June 30, 2019, an increase from SGD 25,497,000 on December 31, 2018[76] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased to SGD 6,856,970 from SGD 16,962,802 at the end of 2018, indicating a significant reduction in liquidity[10] - The cash and cash equivalents at the end of June 30, 2019, were SGD 6,856,970, down from SGD 9,651,892 at the end of June 30, 2018[16] - The net cash used in operating activities for the six months ended June 30, 2019, was SGD (4,347,310), a significant increase from SGD (275,240) in the same period of 2018[16] - The company reported a net cash outflow from investing activities of SGD (3,636,034) for the six months ended June 30, 2019, compared to SGD (269,990) in the same period of 2018[16] - The group’s cash and cash equivalents were approximately SGD 6,857,000 as of June 30, 2019, down from SGD 16,963,000 on December 31, 2018[73] Revenue Sources - Revenue from steel structure services for the six months ended June 30, 2019, was SGD 28,513,524, up from SGD 17,503,457 in the same period of 2018, indicating a growth of approximately 63.5%[27] - Revenue from Singapore for the six months ended June 30, 2019, was SGD 28,508,480, an increase from SGD 15,847,988 in the same period of 2018, representing an increase of 80.5%[30] - Revenue from construction and installation services for the six months ended June 30, 2019, was approximately SGD 28,514,000, compared to SGD 17,503,000 in 2018[93] Expenses and Costs - The company reported a decrease in administrative expenses to SGD 1,596,093 for the six months ended June 30, 2019, down from SGD 1,252,786 in the previous year[8] - Total employee costs for the six months ended June 30, 2019, were SGD 2,320,672, an increase of 39.3% from SGD 1,666,155 in the same period of 2018[37] - The financing costs for the six months ended June 30, 2019, amounted to SGD 75,321, an increase of 32.0% from SGD 57,087 in the same period of 2018[35] Strategic Plans and Market Position - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[8] - The company aims to enhance its market position in the Singapore steel structure industry by expanding capacity and hiring more staff[97] - The group plans to purchase new manufacturing facility machinery in the fourth quarter of 2019[84] Shareholder Information - The company did not recommend any dividend for the six months ended June 30, 2019, consistent with the previous year[40] - The board does not recommend the payment of a dividend for the six months ended June 30, 2019[112] - As of June 30, 2019, the company’s directors and key executives hold a total of 360 million shares, representing approximately 75% of the issued share capital[100][104] - The company has adopted a share option scheme aimed at attracting, retaining, and rewarding qualified individuals, with no unexercised options as of June 30, 2019[111] Acquisitions and Investments - On March 18, 2019, the company entered into a share purchase agreement to acquire all issued shares of Kay Huat Trading Company Private Limited for SGD 3,500,000[113] - The acquisition aims to enhance the group's production and manufacturing capacity, providing additional storage space for beams and steel to meet increasing demand[113] - The group made a payment of SGD 3,500,000 related to the acquisition of Kay Huat Trading Company Private Limited[62] - The group acquired assets totaling approximately SGD 140,000 for the six months ended June 30, 2019, compared to SGD 88,000 in 2018[48] Regulatory and Compliance - The company has adopted IFRS 16 "Leases" effective January 1, 2019, which has impacted the financial performance and position of the group[21] - The audit committee has reviewed the unaudited results for the six months ended June 30, 2019, and provided feedback[118] - The board consists of two executive directors and three independent non-executive directors as of the report date[119] Market Outlook - The total construction demand in Singapore for 2019 is projected to be between SGD 27 billion and SGD 32 billion, with the value of contracts awarded in 2018 being SGD 30.5 billion[97] - Public institutions are expected to contribute SGD 16 billion to SGD 20 billion annually from 2020 to 2023, with a balanced demand for building construction and civil engineering projects[97] - The construction bureau is implementing an eco-building program, aiming to designate 80% of buildings in Singapore as "green buildings" by 2030[97] - Steel is highlighted as a highly recyclable material, with North America recycling more steel annually than the total of aluminum, paper, glass, and plastic combined[97] Other Information - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2019[106] - As of June 30, 2019, the group had no contingent liabilities or capital commitments[81][83] - No significant events occurred from June 30, 2019, until the report date[116]

Financial Performance - The company reported revenue of SGD 16,829,401 for the three months ended March 31, 2019, compared to SGD 6,349,274 for the same period in 2018, representing a 165% increase[8] - Gross profit for the first quarter of 2019 was SGD 3,881,083, up from SGD 1,752,563 in the first quarter of 2018, indicating a 121% growth[8] - The company achieved a profit before tax of SGD 2,921,431 for the first quarter of 2019, compared to SGD 1,114,505 for the same period in 2018, reflecting a 162% increase[8] - Net profit for the period was SGD 2,331,170, compared to SGD 953,565 in the first quarter of 2018, marking a 144% rise[8] - Basic earnings per share for the first quarter of 2019 were SGD 0.49, compared to SGD 0.20 for the same period in 2018, an increase of 145%[8] - The company reported total comprehensive income of SGD 2,333,611 for the first quarter of 2019, compared to SGD 953,565 in the same period of 2018[8] - The cost of services for the first quarter of 2019 was SGD 12,948,318, up from SGD 4,596,711 in the first quarter of 2018, reflecting a 182% increase[8] - Administrative expenses increased to SGD 773,928 in the first quarter of 2019 from SGD 674,212 in the same period of 2018[8] - Other income for the three months ended March 31, 2019, totaled SGD 46,848, down from SGD 91,358 in the same period of 2018, indicating a decrease of approximately 49%[26] - Selling and administrative expenses for the same period were approximately SGD 820,000, an increase of SGD 113,000 from SGD 707,000 in 2018, aligned with business growth[43] Equity and Assets - The company’s total equity as of March 31, 2019, was SGD 27,830,138, up from SGD 19,910,033 as of March 31, 2018[10] - The group recognized a right-of-use asset of SGD 313,652 as of January 1, 2019, following the adoption of IFRS 16[17] Customer Contributions - Major customer I contributed SGD 13,914,887 to total revenue for the three months ended March 31, 2019, while major customer II contributed SGD 2,250,988 in the same period of 2018[22] - Revenue from Singapore was SGD 16,824,357 for the three months ended March 31, 2019, up from SGD 5,252,658 in the same period of 2018, indicating a growth of approximately 220%[24] Tax and Financing - The income tax expense for the three months ended March 31, 2019, was SGD 590,261, significantly higher than SGD 160,940 for the same period in 2018, representing an increase of approximately 267%[32] - Financing costs increased to SGD 36,821 for the three months ended March 31, 2019, compared to SGD 22,121 for the same period in 2018, reflecting a rise of approximately 66%[31] - The group’s financing lease interest expense decreased to SGD 3,734 for the three months ended March 31, 2019, from SGD 5,224 in the same period of 2018, a decline of approximately 29%[31] Future Plans and Market Position - The company continues to focus on expanding its operations in the construction sector, providing design, supply, manufacturing, and installation services for steel structures[12] - The group aims to expand its capacity and workforce to strengthen its market position in the Singapore steel structure industry, driven by ongoing infrastructure projects[53] - The public sector is expected to contribute SGD 16 billion to SGD 20 billion annually from 2020 to 2023 for construction and civil engineering projects[56] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ending March 31, 2019[68] - The company has established an audit committee to oversee financial reporting, internal controls, and risk management[76] - The audit committee reviewed the unaudited results for the three months ending March 31, 2019, and provided recommendations[78] Shareholder Information - As of March 31, 2019, Broadbville Limited holds 360,000,000 shares, representing approximately 75% of the issued share capital[63] - The company is considering a proposal to transfer its listing from GEM to the main board of the stock exchange[57] - The company has entered into a share purchase agreement to acquire Kay Huat Trading Company Private Limited for SGD 3,500,000, expected to complete in Q2 2019[73] - The group did not declare any dividends for the three months ended March 31, 2019, consistent with the previous year[33] - No dividends were recommended for the three months ending March 31, 2019[71] - The company did not purchase, sell, or redeem any of its listed securities during the three months ending March 31, 2019[65] - The company has adopted a share option scheme to attract and retain qualified individuals, with no options granted or exercised since its adoption[70] - There were no significant events occurring after the financial period ending March 31, 2019[75] - The company has no known interests in any competing businesses by its directors or major shareholders during the review period[64]

Financial Performance - The group's revenue increased by 79.7%, from approximately SGD 27,890,000 in 2017 to SGD 50,117,000 in 2018[10] - The net profit after tax for the year was approximately SGD 6,542,500, excluding listing expenses of about SGD 3,879,000[10] - The company recorded revenue of approximately SGD 50,117,000 for the year ended December 31, 2018, representing a 79.7% increase from SGD 27,890,000 in 2017[18] - The net profit after tax for the year ended December 31, 2018, was approximately SGD 6,542,500, an increase of SGD 3,074,500 compared to SGD 3,468,000 in 2017[20] - The gross profit for the year ended December 31, 2018, was approximately SGD 12,219,000, with a gross margin maintained between 24% and 25%[18] - The company’s operating cash flow for the year was approximately SGD 5,137,000[23] - As of December 31, 2018, the company had cash and cash equivalents of approximately SGD 16,963,000, an increase from SGD 11,230,000 in 2017[24] - The company’s total borrowings included finance lease obligations of approximately SGD 325,000 and bank borrowings of approximately SGD 5,600,000[24] Business Strategy and Market Position - The company aims to enhance its market position in the Singapore steel structure industry by expanding capacity and hiring more staff[12] - The company aims to expand its existing capacity to meet higher demand and diversify customer risk by actively seeking projects from other clients[38] - The company plans to utilize approximately 56.7% of the net proceeds from the share offering for acquiring new steel facilities in Singapore to increase capacity[32] - The company has already utilized SGD 0.8 million for hiring additional staff to support business expansion[34] - New projects approved on March 19 and June 29, 2018, contributed to the revenue increase for the fiscal year[10] - The construction industry in Singapore is driven by multiple infrastructure projects, expected to continue for the next decade, with structural steel being a key material[39] - The demand for design and consulting technology from steel manufacturers will increase due to large-scale projects, enhancing their value in future projects[39] Corporate Governance - The board of directors consists of five members, including two executive directors and three independent non-executive directors[58] - All directors attended 100% of the board meetings held during the year, with each member present at all four meetings[58] - The company has adopted a board diversity policy to ensure a balance of skills, experience, and perspectives among board members[59] - The independent non-executive directors provide strategic advice and ensure compliance with financial and regulatory requirements[72] - The company has a robust corporate governance framework in place, ensuring effective oversight of management[56] - The chairman and CEO positions are separated, with the CEO position currently vacant and responsibilities handled by an executive director[54] - The board is committed to continuous professional development to stay updated on governance practices and regulatory changes[68] - The company has established a nomination committee to identify qualified candidates for board membership, considering diversity and business needs[71] - All directors are required to retire at least once every three years, ensuring regular evaluation and renewal of the board[69] - The company has confirmed compliance with the GEM Listing Rules regarding securities trading by directors throughout the fiscal year[55] Risk Management - The board is responsible for ensuring effective risk management practices to minimize operational risks, adopting policies and monitoring systems to mitigate identified risks[39] - The company has established a risk management and internal control system to safeguard shareholder interests and assets, with no significant internal control deficiencies reported[94] - The audit committee held 4 meetings during the year to review quarterly, half-year, and annual financial statements, focusing on compliance with accounting standards and GEM listing rules[77] - The company has not established an internal audit function due to the current scale and complexity of its operations, but will consider it if necessary[94] - The company has identified risks and uncertainties that may impact its financial condition, operations, and outlook, and has adopted risk management policies to mitigate these risks[192] Environmental, Social, and Governance (ESG) Practices - The ESG data covers the fiscal year from January 1, 2018, to December 31, 2018, highlighting the company's commitment to environmental, social, and governance practices[109] - The company emphasizes employee health and safety as a key ESG concern, ranking it as the top issue[115] - The company has achieved bizSAFE star certification and OHSAS 18001:2007 certification for its health and safety management systems[149] - The company is committed to reducing its carbon footprint and has implemented measures such as using electric vehicles[116] - The company has established operational protocols to promote resource conservation and reduce waste[128] - The company has not generated significant hazardous waste, focusing instead on proper disposal of non-hazardous waste[127] - The company actively engages stakeholders for feedback on ESG policies and performance[115] - The company emphasizes a discrimination-free hiring process based on merit and qualifications[139] - The company has implemented a performance management system that includes regular reviews and feedback for employee development[151] - The company adheres to all applicable employment and labor standards laws, including Singapore's Employment Act and Foreign Manpower Act[144] Community Engagement - The company actively participates in community support initiatives, including educational projects for low-income families[173] - The company emphasizes community engagement and considers community interests in its business activities[180] Financial Stability and Future Outlook - The board's report includes a summary of financial data for the past four years, indicating a focus on financial stability[190] - The company has sufficient financial resources for continued operations in the foreseeable future, as indicated by its current financial condition and available financing[195] - As of December 31, 2018, the company had no significant contingent liabilities, legal claims, or potential lawsuits[191] - The company has not reported any significant uncertainties that could affect its ability to continue as a going concern as of the report date[105] Compliance and Certifications - The company has received international certifications for its quality, environmental, and occupational health and safety management systems, including ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007[156] - The company has a quality management system certified by ISO 9001, ensuring compliance with all legal regulations and continuous improvement in operations[161] - The company has not experienced any product recalls or issues related to non-compliant products during the year[168] - The company has a zero-tolerance policy towards corruption, including bribery and fraud, and encourages reporting of any unethical behavior[172]