Revenue Growth - Total revenue increased by approximately 28.4% from 9,350 thousand SGD in the corresponding period to 12,008 thousand SGD in the review period[7] - Sales from specialty stores rose by about 19.8%, with the number of self-operated specialty and dining stores increasing from 25 to 29[8] - Sales to franchisees/licensees increased by approximately 38.7%, with the number of non-self-operated stores rising from 162 to 199[10] - Revenue for the six months ended September 30, 2020, was 12,008 thousand SGD, representing a 28.4% increase from 9,350 thousand SGD in the same period of 2019[52] - Revenue from Singapore increased to 4,719 thousand SGD in 2019 from 3,525 thousand SGD in 2018, representing a growth of 34%[120] - Revenue from Malaysia rose to 5,395 thousand SGD in 2019 compared to 4,594 thousand SGD in 2018, marking an increase of 17%[120] Profitability - Net profit for the review period was 2.9 million SGD, up from 1.9 million SGD in the corresponding period[11] - Gross profit for the same period was 7,638 thousand SGD, up 32.8% from 5,747 thousand SGD in 2019[52] - Profit attributable to equity holders for the period was 1,956 thousand SGD, a significant increase of 505.5% compared to 323 thousand SGD in the previous year[52] - Profit before tax for the six months ended September 30, 2019, was 1,948 thousand SGD, up from 274 thousand SGD in 2018, indicating a significant increase[130] - The total comprehensive income for the period was 1,948 thousand SGD, after accounting for a loss of 8 thousand SGD[67] Financial Position - As of September 30, 2019, total equity was SGD 5.1 million, an increase from SGD 4.0 million as of March 31, 2019[23] - Current assets as of September 30, 2019, were SGD 13.1 million, compared to SGD 9.0 million as of March 31, 2019, while current liabilities were SGD 9.7 million, up from SGD 5.4 million[23] - Total assets as of September 30, 2020, amounted to 18,627 thousand SGD, an increase from 12,794 thousand SGD as of March 31, 2019[54] - Total liabilities reached 13,576 thousand SGD, up from 8,764 thousand SGD, reflecting increased financial commitments[57] - Cash and cash equivalents stood at 5,946 thousand SGD, compared to 4,263 thousand SGD in the previous year, indicating improved liquidity[54] Cash Flow - Cash generated from operating activities was 4,411 thousand SGD, significantly higher than 2,535 thousand SGD in the previous period[76] - The net cash from operating activities after tax payments was 4,033 thousand SGD, compared to 2,497 thousand SGD previously[76] - The group reported a net cash outflow from investing activities of 200 thousand SGD, a decrease from 3,376 thousand SGD in the previous period[79] - Cash and cash equivalents increased to 5,946 thousand SGD from 3,854 thousand SGD at the beginning of the reporting period[79] Employee and Operational Costs - Employee costs for the review period totaled 1,968 thousand SGD, with 155 employees as of September 30, 2019[14] - Approximately 8.2% or about HKD 6.1 million will be used for recruiting employees in Singapore and West Malaysia[18] Future Plans and Investments - The company plans to open up to 16 new self-operated specialty stores in Singapore by March 31, 2024, using approximately 22.2% of the net proceeds from the IPO[16] - Approximately 20.9% of the net proceeds will be used to expand the network of non-self-operated specialty and dining stores[16] - The company aims to renovate about 5 self-operated specialty stores in Singapore and 4 dining stores in West Malaysia each year until March 31, 2023[16] - Approximately 8.2% or about HKD 6.1 million will be allocated for the development of the Shilin Taiwan Snack® brand and targeted sales and marketing activities[18] - Approximately 8.2% or about HKD 6.1 million will be invested in developing a customized enterprise resource planning system to enhance the group's data infrastructure and analytical systems[18] Governance and Compliance - The company has maintained compliance with corporate governance codes since its listing date, ensuring high standards of governance practices[46] Financial Ratios - The current ratio as of September 30, 2019, was 1.4, down from 1.6 as of March 31, 2019[23] - The group's net cash equity ratio as of September 30, 2019, was 0.7, compared to 0.4 as of March 31, 2019[23] - The debt-to-equity ratio as of September 30, 2019, was 49.2%, significantly improved from 92.0% as of March 31, 2019[26] Accounting Standards - The company adopted IFRS 16, which impacted the financial statements starting from April 1, 2019[89] - The adoption of IFRS 16 resulted in an increase of lease liabilities by 1,860 thousand HKD and right-of-use assets by 1,933 thousand HKD as of April 1, 2019[102]
快餐帝国(01843) - 2020 - 中期财报