Financial Performance - The company recorded a revenue of approximately SGD 28.9 million for the fiscal year ending June 30, 2019, marking a new high since its establishment[9]. - The adjusted profit for the fiscal year 2019, excluding listing expenses, was approximately SGD 5.7 million, driven by increasing recognition of online marketing effectiveness among advertisers[9]. - The company's revenue for the fiscal year ended June 30, 2019, was SGD 28.885 million, an increase of approximately 8.6% from SGD 26.554 million in the previous year[35]. - Search engine marketing services accounted for SGD 23.404 million of the total revenue, up from SGD 22.043 million, indicating strong growth in this segment[37]. - The net profit for the fiscal year was SGD 2.695 million, down from SGD 3.985 million in the previous year, reflecting a decrease in pre-tax profit[35]. - The basic and diluted earnings per share decreased to SGD 0.4 from SGD 0.7 year-on-year[35]. - The company's annual profit decreased from approximately SGD 4.0 million in FY2018 to about SGD 2.7 million in FY2019, primarily due to increased employee costs and additional professional fees related to the IPO[48]. Market Position and Strategy - The company held a market share of 7.2% in Singapore's online marketing industry as of June 30, 2018[8]. - The company plans to leverage the rising smartphone penetration and economic growth in Southeast Asia and Greater China for business expansion[9]. - The company has expanded its client base into new industries and developed new services such as social media marketing and search engine optimization[13]. - Management remains optimistic about the medium to long-term prospects, aiming to expand customer base and service offerings in response to growing online marketing demand in Southeast Asia[66]. - The company is focused on enhancing brand development and business growth under the leadership of its executive director[13]. Technological Development - Post-listing, the company aims to strengthen its technological infrastructure and significantly enhance production capacity to maintain competitive advantages[9]. - The company is developing various proprietary technology platforms as part of its strategy to enhance operational capabilities[9]. - The company plans to allocate approximately 63.3% of the net proceeds from the share sale to enhance its technological infrastructure, aiming to streamline processes and significantly improve efficiency[27]. - The company is developing three platforms: Platform A for health checks on marketing effectiveness, Platform B for automating service planning and reporting, and Platform C for big data collection and analysis[28][29][30]. Governance and Management - The company has a strong leadership team with extensive experience in finance, marketing, and digital services, enhancing its operational capabilities[19]. - The independent non-executive directors bring over 15 years of experience in financial advisory, accounting, and auditing, contributing to robust governance[15]. - The board consists of five directors, with independent non-executive directors making up 60% of the board members[75]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of the company's affairs[84]. - The company has received written confirmations of independence from all independent non-executive directors, ensuring compliance with listing rules[75]. Financial Position and Equity - The total equity value as of June 30, 2019, was approximately SGD 24.6 million, up from SGD 1.2 million on June 30, 2018, mainly due to the IPO[51]. - The net current assets as of June 30, 2019, were approximately SGD 23.0 million, compared to SGD 0.1 million on June 30, 2018, driven by IPO proceeds and cash generated from operating activities[51]. - The company's debt-to-equity ratio decreased to 9.1% as of June 30, 2019, from 202.4% on June 30, 2018, due to an increase in equity post-IPO[60]. Risk Management and Compliance - The company has a comprehensive risk management framework in place to address potential risks and uncertainties[137]. - The board of directors is responsible for evaluating and determining the nature and extent of risks acceptable to the company, ensuring the establishment and maintenance of effective risk management and internal control systems[113]. - The company has implemented and published a fair disclosure policy to ensure broad and public disclosure of information through financial reports and other channels[118]. Shareholder Relations and Communication - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders[130]. - Shareholders can propose motions for discussion at the general meeting by submitting written requests to the board or the company secretary[123]. - The company does not have a dividend policy or a preset payout ratio, with the board having absolute discretion to declare dividends based on various factors including overall financial condition and future cash needs[129]. Future Outlook - The company anticipates a bright outlook for the coming year, supported by successful listing and significant technological developments nearing completion[9]. - The company provided a positive outlook for the next fiscal year, projecting revenue growth of B% and an expected total revenue of $C million[199]. - Ongoing research and development efforts are expected to yield new technologies that will enhance product offerings and drive future growth[199].
秀商时代控股(01849) - 2019 - 年度财报