Financial Performance - The revenue from continuing operations decreased by approximately 3.3% to about HKD 363.8 million for the fiscal year[17]. - The group reported a profit from continuing operations of HKD 29.2 million for the year, compared to HKD 51.1 million in the previous year[46]. - The basic and diluted earnings per share from continuing operations were HKD 0.059, down from HKD 0.104 in the previous year[46]. - The group reported a total comprehensive loss of HKD 1.99 million for the year, compared to a total comprehensive income of HKD 2.41 million in the previous year[49]. - Revenue for the year 2024 was HKD 363,849,000, a decrease of 3.4% from HKD 376,119,000 in 2023[57]. - Operating profit decreased to HKD 45,428,000 in 2024 from HKD 73,201,000 in 2023, representing a decline of 37.9%[57]. - Profit before tax for 2024 was HKD 44,345,000, down 38.4% from HKD 71,775,000 in 2023[57]. - Net profit for the year was HKD 16,721,000, a decrease of 30.6% compared to HKD 24,136,000 in 2023[58]. - The company reported a total revenue for continuing operations of HKD 378,817,000, down from HKD 397,092,000, representing a decline of 4.5%[125]. - The overall profit for the company decreased from HKD 24.1 million in the previous fiscal year to HKD 16.7 million, a reduction of HKD 7.4 million[189]. Discontinued Operations - The group reported a loss from discontinued operations of HKD 12.5 million for the current fiscal year, a reduction of HKD 17.1 million compared to the previous year's loss of HKD 29.6 million[20]. - The company reported a loss from discontinued operations of HKD (12,461,000) in 2024, an improvement from a loss of HKD (29,633,000) in 2023[57]. - The operating loss from discontinued operations was 12,461,000 HKD, a significant improvement from 29,633,000 HKD in the previous year[151]. - The company has decided not to renew the lease agreement for its entertainment business, which has been classified as discontinued operations[178]. Operational Efficiency and Strategy - The group aims to enhance operational efficiency and concentrate on core competencies in property management and related value-added services[15]. - The group plans to strategically exit the entertainment business in Hong Kong to focus resources on areas with greater growth potential[28]. - The group is evaluating its development strategy to expand revenue sources through investments in various industries, including property management and information technology[26]. - The company plans to focus on expanding its property management-related value-added services as a key growth driver[197]. - Future strategies include leveraging government subsidies for financial support and employee compensation, which may positively impact operational efficiency[77]. Employee and Cost Management - The company had approximately 952 employees as of March 31, 2024, a decrease from 994 employees as of March 31, 2023[37]. - Employee costs, including defined contribution retirement plan contributions, totaled HKD 21,046,000, slightly down from HKD 21,166,000, a decrease of 0.6%[126]. - Employee costs for continuing operations rose by HKD 4.5 million to HKD 130.4 million, compared to HKD 125.9 million in the previous fiscal year[190]. - The group’s property cleaning expenses related to continuing operations decreased from HKD 73.1 million in the previous fiscal year to HKD 68.1 million[18]. - Other operating expenses for continuing operations decreased by approximately HKD 2.7 million (7.3%) to HKD 34.2 million for the current fiscal year[23]. Assets and Liabilities - As of March 31, 2024, the total current assets of the group were approximately HKD 448.9 million, an increase from approximately HKD 380.3 million as of March 31, 2023[33]. - The total current liabilities were approximately HKD 178.4 million, down from approximately HKD 234.6 million as of March 31, 2023, resulting in a current ratio of approximately 2.5 times compared to 1.6 times in the previous year[33]. - The company’s total liabilities decreased to HKD 299,154,000 in 2024 from HKD 305,784,000 in 2023, indicating a reduction of about 2.1%[99]. - The net value of current assets was 270,452 thousand HKD, compared to 145,686 thousand HKD, showing significant improvement[80]. - The company has no pledged assets as of March 31, 2024, maintaining the same status as the previous year[164]. Revenue Sources and Business Segments - The property management business generated revenue of 65.5 million HKD, an increase of 9.1 million HKD from 56.4 million HKD in the previous fiscal year[156]. - Revenue from property management contracts decreased from HKD 319.7 million in the previous fiscal year to HKD 298.3 million, a decline of HKD 21.4 million[185]. - The company is focusing on expanding its service offerings in the restaurant and bar sectors, aiming to enhance revenue streams[89]. - The company’s customer base is diversified, with no single customer accounting for more than 10% of total revenue as of March 31, 2024[70]. Financial Reporting and Compliance - The group’s financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards[54]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and compliance[40].
奥克斯国际(02080) - 2024 - 年度业绩