Financial Performance - The company reported revenue of SGD 64.478 million for the six months ended March 31, 2021, compared to SGD 51.619 million for the same period in 2020, representing a year-over-year increase of 25%[10]. - Gross profit for the same period was SGD 35.183 million, up from SGD 21.916 million in the previous year, indicating a significant growth of 60%[10]. - The net profit for the six months ended March 31, 2021, was SGD 15.264 million, compared to SGD 3.467 million in the prior year, reflecting a substantial increase of 340%[10]. - The total comprehensive income for the period was SGD 18,276,000, significantly higher than SGD 3,782,000 reported in the same period last year[15]. - Profit before tax increased from approximately SGD 3.8 million in H1 2020 to about SGD 18.3 million in H1 2021, a growth of 383.2%[124]. - Net profit increased from approximately SGD 3.5 million in H1 2020 to about SGD 15.3 million in H1 2021, an increase of 340.3%[126]. Assets and Liabilities - Total assets as of March 31, 2021, amounted to SGD 368.615 million, an increase from SGD 343.748 million as of September 30, 2020, showing a growth of approximately 7.2%[11]. - The company’s total liabilities increased to SGD 233.775 million from SGD 220.168 million, representing a rise of about 6.2%[11]. - The company’s total liabilities rose to SGD 224,603 thousand, compared to SGD 212,064 thousand in the previous year, indicating an increase of approximately 5.9%[66]. - Non-current liabilities increased by approximately SGD 19.4 million from SGD 126.0 million as of September 30, 2020, to SGD 145.4 million as of March 31, 2021, primarily due to bank borrowings increasing by about SGD 12.8 million[135]. Cash Flow and Investments - Cash generated from operating activities for the six months ended March 31, 2021, was SGD 24,820,000, an increase from SGD 17,989,000 in the same period last year[15]. - The company reported a net cash position of SGD 36,362,000 as of March 31, 2021, compared to SGD 21,788,000 at the end of the previous year[15]. - The company incurred a cash outflow of SGD 5,596,000 for the acquisition of property, plant, and equipment during the six months ended March 31, 2021[15]. - Cash used in investing activities amounted to approximately SGD 13.6 million, mainly for property, plant, and equipment acquisitions of about SGD 5.6 million and investment property purchases of approximately SGD 17.2 million[142]. Shareholder Information - The company declared an interim dividend of SGD 0.0075 per share for the six months ended March 31, 2021, up from SGD 0.0025 per share in 2020, an increase of 200%[72]. - As of March 31, 2021, the company's major shareholder, Lin Longtian, holds 220,982,600 shares, representing approximately 54.91% of the total equity[168]. - Lin Meizhu, another major shareholder, holds 4,000,000 shares, which is approximately 0.99% of the total equity[168]. Risk Management - The group faces market risks including currency risk and interest rate risk, which are critical for financial risk management[33]. - There have been no changes to the risk management policies since September 30, 2020, indicating stability in the group's approach to financial risks[34]. Accounting and Compliance - The financial data for the six months ending March 31, 2021, is prepared in accordance with International Accounting Standard 34, indicating a focus on interim financial reporting[17]. - The group adopted the same accounting policies and calculation methods as those used in the audited financial statements for the year ending September 30, 2020, ensuring consistency in financial reporting[18]. - The company has adopted corporate governance codes from both Singapore and Hong Kong, ensuring compliance with stricter regulations[179]. Revenue Segments - Revenue from facility management services significantly increased to SGD 26,188 thousand, up from SGD 3,822 thousand in the previous year, indicating a substantial growth in this segment[67]. - The logistics services segment generated revenue of SGD 6,042 thousand from towing services, slightly up from SGD 6,032 thousand in the previous year, showing stability in this area[67]. - The residential segment reported a revenue of SGD 6,590 thousand, a slight decrease from SGD 6,518 thousand in the previous year, reflecting challenges in this market[64]. Employee Information - The group employed 544 staff as of March 31, 2021, down from 633 on September 30, 2020[158].
LHN(01730) - 2021 - 中期财报