Financial Performance - The company recorded a net profit of approximately HKD 4,286,000 for the year, a decrease of 60.5% compared to HKD 10,836,000 in the previous year[24][29]. - Revenue for the year ended March 31, 2024, was HKD 361,257,000, representing a 14.6% increase from HKD 315,136,000 in the previous year[29]. - Gross profit decreased to HKD 31,248,000, down 9.9% from HKD 34,395,000 year-on-year[29]. - Operating profit was HKD 9,808,000, a decline of 34.5% compared to HKD 14,991,000 in the previous year[29]. - The company reported a basic and diluted earnings per share of HKD 0.63, down from HKD 1.58 in the previous year[29]. - The net profit attributable to the company's owners for fiscal year 2024 was HKD 4,286,000, down 60.4% from HKD 10,836,000 in fiscal year 2023[61]. Assets and Liabilities - Total assets increased to HKD 255,602,000 from HKD 199,317,000, reflecting a growth of 28.3%[43]. - Current liabilities rose to HKD 171,414,000, up from HKD 129,623,000, indicating a 32.2% increase[43]. - The group's interest-bearing debt increased to approximately HKD 114,434,000 from HKD 97,278,000 year-over-year, resulting in a debt-to-equity ratio of approximately 63.1%, up from 54.9%[1]. - Trade payables increased significantly to HKD 41,560,000 in 2024 from HKD 20,969,000 in 2023, indicating a rise of approximately 98%[67][99]. Employee and Compensation - The total employee count increased to 161 as of March 31, 2024, from 120 as of March 31, 2023, with total compensation costs amounting to approximately HKD 65,394,000, up from HKD 60,588,000[9]. - Employee expenses, including director remuneration, increased to HKD 65,394,000 in fiscal year 2024 from HKD 60,588,000 in fiscal year 2023, an increase of 7.5%[55]. Revenue Sources and Projects - The group has nine ongoing projects with a total contract value of approximately HKD 450,289,000, expected to be completed in the next fiscal year[101]. - The company continues to focus on foundation engineering services in Hong Kong and Macau, including piling construction and site preparation[44]. - The company anticipates continued demand for foundation engineering services due to government-led infrastructure projects, which are expected to support business growth[102]. - The group has been awarded two new foundation engineering projects with a contract value of approximately HKD 41,988,000 after the fiscal year-end[101]. Reserves and Dividends - The group's available distributable reserves as of March 31, 2024, were approximately HKD 118,972,000, a slight decrease from HKD 120,334,000 as of March 31, 2023[12]. - The group did not declare a final dividend for the year[5]. - The company has no proposed dividends for the fiscal years ending March 31, 2024, and March 31, 2023[60]. Other Financial Metrics - Other income for the year was approximately HKD 3,378,000, a decrease of about 52.4% compared to HKD 7,094,000 in the previous year, primarily due to the absence of government subsidies from the "Employment Support Scheme"[20]. - The group's other net losses were approximately HKD 944,000, a reduction of about 42.2% from HKD 1,632,000 in the previous year[21]. - General and administrative expenses for the year were approximately HKD 23,874,000, a decrease of about 4.0% from HKD 24,866,000 in the previous year[22]. - The company reported interest income from bank deposits of HKD 52,000 in fiscal year 2024, up from HKD 7,000 in fiscal year 2023, marking a growth of 642.9%[54]. - The aging analysis of trade receivables shows that amounts due within 30 days increased to HKD 12,611,000 in 2024 from HKD 21,467,000 in 2023, reflecting a decrease of approximately 41.3%[64]. - Trade receivables and other receivables increased by approximately 20.6% from HKD 85,375,000 to HKD 102,979,000, primarily due to increased advances to subcontractors[25].
上谕集团(01633) - 2024 - 年度业绩