Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 1,151.0 million, a decrease of about 4.9% compared to the same period in 2023[1]. - Profit attributable to the owners of the company was approximately HKD 27.7 million, down from HKD 56.8 million in 2023[1]. - Gross profit for the year was HKD 60.1 million, compared to HKD 84.7 million in the previous year[3]. - The pre-tax profit for the year was HKD 37.4 million, down from HKD 67.4 million in 2023[3]. - Basic earnings per share for the year were HKD 7.45, compared to HKD 15.26 in the previous year[3]. - The company's net profit attributable to shareholders decreased from approximately HKD 56.8 million to approximately HKD 27.7 million, primarily due to reduced revenue and overall gross profit margin[43]. Dividends - The board of directors did not recommend the payment of any final dividend for the year[1]. - The company declared a special dividend of HKD 0.135 per share for 2024, totaling HKD 50,220, compared to no special dividend in 2023[18]. - The company declared a special dividend of HKD 0.135 per ordinary share for the year ended March 31, 2024[44]. Expenses and Costs - The group's administrative expenses increased to HKD 29.9 million from HKD 23.0 million in the previous year[3]. - Service costs decreased from approximately HKD 1,125.5 million to approximately HKD 1,090.9 million, consistent with the decline in revenue[37]. - Other income increased from approximately HKD 2.5 million to approximately HKD 8.8 million, mainly due to a reduction in losses on financial assets measured at fair value and an increase in bank interest income[39]. - Administrative expenses rose from approximately HKD 23.0 million to approximately HKD 29.9 million, primarily due to increased employee costs[40]. - Financing costs increased from approximately HKD 14,000 to approximately HKD 27,000, mainly due to higher interest expenses on lease liabilities[41]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 269.979 million, down from HKD 288.135 million in the previous year[9]. - The total equity attributable to owners of the company was HKD 265.695 million, compared to HKD 288.211 million in the previous year[9]. - The total trade and other receivables increased to HKD 121,009 in 2024 from HKD 87,830 in 2023, reflecting a growth of approximately 37.5%[21]. - The contract assets for 2024 amounted to HKD 77,044, an increase from HKD 67,938 in 2023, showing a growth of about 13.1%[23]. - The company's deferred tax liabilities decreased from HKD 10,277 in 2023 to HKD 6,076 in 2024, reflecting a reduction of approximately 40.0%[17]. Employee Information - As of March 31, 2024, the group had a total of 225 employees, a decrease from 282 employees in 2023[58]. - The total employee cost for the year ending March 31, 2024, was approximately HKD 62.0 million, compared to HKD 55.8 million in 2023, reflecting an increase of about 2.2%[58]. Compliance and Governance - The audit committee has reviewed the annual performance and confirmed compliance with applicable accounting standards and listing rules[72]. - The chairman and CEO roles are held by the same individual, enhancing strategic decision-making and operational management[62]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[63]. Other Information - The company has applied the revised Hong Kong Accounting Standards and has not seen a significant impact on its financial position and performance due to the removal of the offsetting mechanism for MPF and long service payments[15]. - The company has implemented a mandatory provident fund scheme, with contributions from both the company and employees at 5% of relevant income, capped at HKD 30,000 per month[58]. - The group has not conducted any significant post-balance sheet events after March 31, 2024[59]. - The company will suspend share transfer registration from August 13 to August 16, 2024, to determine eligibility for attending the annual general meeting[61]. - The annual performance announcement will be published on the Stock Exchange and the company's website, with the annual report to be sent to shareholders[75].
德益控股(09900) - 2024 - 年度业绩