Financial Performance - The group's net profit for the year ended December 31, 2018, was approximately MYR 15.13 million, an increase of over 187% compared to approximately MYR 5.26 million for the year ended 2017[12]. - Total revenue decreased by 3% from approximately MYR 85.67 million to approximately MYR 83.14 million[16]. - The company recorded a net profit of approximately MYR 15.13 million for the year ended December 31, 2018, compared to MYR 5.26 million for the year ended December 31, 2017, resulting in a net profit margin increase from 6.1% to 18.2%[45]. - Other income increased by approximately 4.1% to about MYR 0.77 million for the year ended December 31, 2018, primarily due to increased interest income from pledged bank deposits[34]. - The company generated cash flow from operating activities of approximately MYR 23.35 million for the year ended December 31, 2018, compared to MYR 2.82 million in 2017, indicating improved operational efficiency[46]. - The capital debt ratio of the group as of December 31, 2018, was 0.8%, down from 1.2% in 2017, indicating improved financial stability[51]. - The total employee costs for the year ended December 31, 2018, were approximately MYR 56.27 million, a decrease from MYR 58.34 million in 2017[61]. - Employee costs for the year ended December 31, 2018, amounted to approximately MYR 56.27 million, a decrease of about 3.5% from MYR 58.34 million for the year ended December 31, 2017, due to a reduction in average monthly employee count from 1,446 to 1,427[36]. Operational Metrics - The total number of service seats booked from clients was approximately 1,062 as of December 31, 2018[12]. - The average number of booked service seats decreased from approximately 1,172 in 2017 to about 1,139 in 2018, reflecting a decline in client bookings, particularly in the insurance and banking sectors[33]. - The average number of employees was 1,427 for the year ended December 31, 2018, compared to 1,446 in 2017[17]. - The group generated total employee costs of approximately MYR 56.27 million, accounting for 67.7% of total revenue for the year ended December 31, 2018[17]. Strategic Initiatives - The group plans to establish a dispatch customer contact center to leverage the potential of outsourced customer contact services[12]. - The group aims to upgrade and enhance existing IT systems and develop a comprehensive billing and reconciliation system[12]. - The company plans to establish a dispatched customer contact center and upgrade existing IT systems to strengthen its market position in Malaysia[29]. - The group is currently evaluating the optimal timing for expanding its external customer contact services and establishing a customer contact center[52]. Governance and Compliance - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced oversight structure[115]. - The company has complied with the listing rules regarding the appointment of at least three independent non-executive directors, with at least one possessing suitable accounting and financial management expertise[119]. - The company has maintained a high level of corporate governance to enhance performance and credibility[113]. - The board is responsible for significant decisions, including business strategy, risk management, and major acquisitions[114]. - The company has established a governance policy to ensure compliance with legal and regulatory requirements[165]. - The company has a focus on risk management and internal controls, reviewing their effectiveness regularly[158]. Shareholder Engagement - The company emphasizes high transparency through various channels, including annual general meetings and analyst briefings[168]. - The company has been actively engaging with shareholders and investors to enhance communication and transparency[172]. - The company has established a dividend policy that allows for cash or stock dividends, subject to board discretion and shareholder approval[147]. - The board recommended a final dividend of 6 cents per ordinary share for the year ending December 31, 2018, subject to shareholder approval[183]. Miscellaneous - The group faced minimal foreign exchange risk as most transactions were conducted in its functional currency, the Malaysian Ringgit[60]. - The company has not engaged in any significant acquisitions or disposals during the year ended December 31, 2018[64]. - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the year ending December 31, 2018[185]. - The group reported a total revenue of approximately 120,000 MYR in charitable donations during the year[184]. - As of December 31, 2018, the company had distributable reserves of approximately 92 million MYR[186].
比特策略(06113) - 2018 - 年度财报