Financial Performance - Revenue for the six months ended December 31, 2019, was RM 108,837,000, an increase of 6.5% from RM 102,489,000 in the same period of 2018[12] - Gross profit for the same period was RM 26,874,000, up from RM 25,403,000, reflecting a gross margin improvement[12] - Net profit for the period was RM 14,650,000, representing a 20.6% increase compared to RM 12,150,000 in the previous year[12] - Basic and diluted earnings per share increased to 1.66 sen from 1.62 sen[12] - The total comprehensive income for the six months ended December 31 increased from approximately 12.2 million MYR in 2018 to 14.7 million MYR in 2019[177] Assets and Liabilities - Total assets as of December 31, 2019, were RM 191,942,000, compared to RM 124,492,000 as of June 30, 2019[19] - The company reported a net asset value of RM 139,591,000 as of December 31, 2019, significantly up from RM 67,848,000[19] - The group’s total liabilities, including lease liabilities and bank borrowings, were approximately 16.9 million MYR as of December 31, 2019[185] - The company’s total liabilities related to guarantees provided by the controlling shareholder amounted to 31,222,000 MYR as of December 31, 2019, consistent with the previous period[135] Cash Flow - For the six months ended December 31, 2019, the net cash generated from operating activities was RM 15,043,000[32] - The net cash increase for cash and cash equivalents was RM 65,146,000, compared to RM 2,991,000 for the same period in 2018[33] - The total cash and cash equivalents at the end of the period was RM 77,758,000, up from RM 7,664,000 in the previous year[33] - The cash flow from investing activities was RM (6,890,000) for the period[32] Expenses - Administrative expenses increased to RM 6,707,000 from RM 2,688,000, indicating higher operational costs[12] - The total employee costs for the period were 12,256 thousand MYR, an increase from 8,246 thousand MYR in the previous year[89] - Financing costs decreased slightly to RM 461,000 from RM 542,000, reflecting improved financial management[12] Market and Business Strategy - The company is focused on expanding its market presence and exploring new product development opportunities[12] - The group aims to expand its market share by undertaking more large-scale projects in the civil and structural engineering sector in Malaysia[151] - The group is exploring opportunities outside Malaysia to expand its revenue base[157] Segment Information - The group has three reportable segments: site preparation projects, civil engineering projects, and building engineering projects[66] - Revenue from external customers for the civil engineering segment was 85,258 thousand MYR, and for the construction segment was 17,231 thousand MYR, totaling 102,489 thousand MYR[74] Employee Information - The group had 434 employees as of December 31, 2019, a decrease from 462 employees as of June 30, 2019[198] - The total remuneration for key management personnel for the six months ended December 31, 2019, was 3,138,000 MYR, up from 613,000 MYR in the same period of 2018, reflecting a substantial increase[138] Future Outlook - The outlook for the second half of the fiscal year 2020 may see a decrease in revenue due to uncertainties in the oil and gas industry[152] - The group expects to recognize revenue from unfulfilled contracts totaling 62,407 thousand MYR over the next few years[83] Corporate Governance - The financial statements were prepared in accordance with International Accounting Standards and the applicable disclosure requirements[39] - The company was incorporated on November 8, 2018, under the Cayman Islands Companies Law and listed on the Hong Kong Stock Exchange on September 30, 2019[35]
TBKS HLDGS(01960) - 2020 - 中期财报