Financial Performance - The company recorded a net profit of SGD 28.9 million for the fiscal year 2021[9]. - The company recorded revenue of SGD 121.0 million and a net profit after tax of SGD 28.9 million for the fiscal year ending September 30, 2021, representing a 16.9% increase from the previous year's net profit of SGD 24.7 million[24]. - The earnings per share increased to 6.94 Singapore cents, while the net asset value per ordinary share rose to 35.63 Singapore cents[24]. - The group's revenue for the fiscal year 2021 was SGD 121.0 million[70]. - The net profit after tax was SGD 28.9 million[71]. - The earnings before tax amounted to SGD 35.4 million, reflecting an increase from SGD 34.3 million in the previous fiscal year[85]. - The total revenue for the fiscal year 2021 was SGD 142.2 million, compared to SGD 120.9 million in the previous year, representing a growth of approximately 17.5%[79]. - The gross profit margin for the fiscal year 2021 was SGD 28.6 million, with a cost of sales of SGD 83.0 million[74]. - The company reported a significant increase in the logistics services segment, generating SGD 27.2 million in revenue[77]. - The facilities management segment contributed SGD 55.4 million to the total revenue for the fiscal year 2021[77]. - The space optimization segment achieved a revenue of SGD 38.4 million, showing strong performance[77]. - Gross profit for the fiscal year 2021 reached SGD 66,551,000, an increase from SGD 63,643,000 in 2020, representing a growth of 3.0%[87]. - The company reported a profit attributable to equity holders of SGD 28,063,000 for fiscal year 2021, up from SGD 24,144,000 in 2020, marking a growth of 16.0%[87]. - The company anticipates challenges in the recovery process post-COVID-19, including rising construction costs and delays due to global supply chain disruptions[36]. - Increased operational costs are expected due to central banks raising interest rates to combat inflation, impacting the company's growth strategy[36]. - The company aims to provide competitive pricing to users while managing rising costs and adjusting services to deliver sustainable returns to shareholders[36]. Property Acquisitions and Management - The company acquired four new properties during the fiscal year 2021, including one commercial property[10]. - The company has expanded its operations to Cambodia by acquiring a whole apartment building with 108 units for serviced residence operations[15]. - The company has renewed five industrial property leases and established a new joint venture to acquire an industrial building at 55 Tuas South Avenue 1[29]. - The company has acquired four new properties, including 320 Balestier Road and 40 & 42 Amber Road, and is in the process of renovating these properties for future operations[28]. - The company plans to fully operate four co-living properties acquired in fiscal year 2021 and a co-living hotel property acquired in Q1 of fiscal year 2022[93]. - The company expects to complete renovations of newly acquired properties by Q2 and Q3 of fiscal year 2022 for co-living operations[89]. Occupancy Rates and Business Operations - The occupancy rate for industrial properties is 84.8%, while residential properties have a 100% occupancy rate[12]. - The occupancy rate for the Coliwoo co-living spaces reached 99.5% as of September 30, 2021, with a 100% signing rate achieved within the first four months of operation at Coliwoo Keppel[26]. - The Work+Store division maintained a high occupancy rate of 98.9%, with plans to enhance services through new technologies and digitalization[29]. - The logistics division operates container depots in Singapore and Thailand, with a capacity of up to 19,000 TEUs in Thailand and 8,200 TEUs in Singapore[17]. - The transportation division operates over 50 prime movers and 200 trailers in Singapore, and over 10 prime movers and 70 trailers in Malaysia[18]. Strategic Goals and Future Plans - The company aims to establish a comprehensive business network across ASEAN to support sustainable growth[2]. - The company plans to expand its co-living business by increasing the number of rooms from 800 to approximately 1,500 by the end of 2022, with a target of adding another 1,000 rooms over the next three years[28]. - The company aims to continue seeking more facility management contracts by enhancing service offerings and integrating automation technologies[33]. - The company plans to optimize parking space utilization through smart parking solutions and has been awarded 33 new parking lots by JTC Corporation[33]. - The company is investing approximately SGD 1 million to set up 200 electric vehicle (EV) charging stations across its parking facilities over the next few years[34]. - The company is implementing a smart energy management system at the Coliwoo property using IoT technology to optimize energy usage[35]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[86]. - Future guidance indicates a focus on increasing profitability and exploring potential acquisitions to drive growth[86]. Sustainability and Community Engagement - The company has implemented multiple measures to enhance energy efficiency, including the use of energy-saving bulbs with dynamic sensors to reduce electricity waste[152]. - The company has installed solar panels on several buildings to decrease energy consumption from the grid and minimize environmental impact[152]. - The company has achieved BIZSAFE LEVEL 3 CERTIFICATE and BIZSAFE STAR CERTIFICATION, indicating high standards in workplace safety and health management[156]. - The company has launched a series of wellness webinars focusing on COVID-19 vaccine awareness and mental health management to support employee well-being[148]. - The company has sponsored food donations to needy families as part of its community commitment during its 30th anniversary celebrations[151]. - The company promotes environmental awareness among employees and encourages minimizing paper usage[152]. Corporate Governance and Board Activities - The board of directors has approved a dividend payout of K cents per share, reflecting the company's strong financial performance and commitment to returning value to shareholders[69]. - In the fiscal year 2021, the board held a total of 4 meetings for the audit committee, 3 for the nomination committee, and 1 for the remuneration committee[182]. - All directors actively participated in board meetings, with attendance records indicating full participation in quarterly meetings to review and approve financial statements and other disclosures[188]. - The company provides ongoing professional training for all directors to enhance their knowledge and skills related to Hong Kong listing rules and corporate governance[177]. - The board has a clear written scope of authority, including responsibilities for risk assessment and overall corporate governance[178]. - The company ensures that all new directors receive comprehensive onboarding training to familiarize them with the business and governance practices[176]. - The board consists of five directors, with three being non-executive and independent directors, ensuring a majority of independent oversight[197]. - The company has maintained a diverse board with 60% male and 40% female representation[200]. - The company emphasizes the importance of independent judgment in decision-making, free from any relationships that could interfere[197].
LHN(01730) - 2021 - 年度财报