Financial Performance - Revenue for the six months ended June 30, 2019, was RM 39,037,000, a decrease of 13.3% from RM 45,042,000 in the same period of 2018[17]. - Operating profit for the period was RM 6,727,000, down 26.5% from RM 9,144,000 in the previous year[17]. - Profit before tax decreased to RM 5,938,000, compared to RM 9,091,000 in the same period last year, representing a decline of 34.5%[17]. - Basic earnings per share for the period was 1.48 sen, down from 2.27 sen in the previous year, reflecting a decrease of 34.9%[17]. - The total comprehensive income for the period was 6,756 thousand HKD, a decrease from 24,904 thousand HKD reported for the previous year-end, marking a decline of approximately 73%[36]. - The group recorded a net profit of approximately 5.94 million MYR for the six months ended June 30, 2019, down from 9.09 million MYR in the same period of 2018, resulting in a net profit margin decrease from 20.2% to 15.2%[162]. Assets and Liabilities - Total assets as of June 30, 2019, were RM 78,805,000, a decrease from RM 95,815,000 as of December 31, 2018[23]. - Current liabilities amounted to RM 7,512,000, compared to RM 6,875,000 at the end of 2018, indicating an increase of 9.2%[23]. - The company's net asset value decreased to RM 77,068,000 from RM 95,216,000, reflecting a decline of 19.0%[29]. - The group’s total assets are reported at 2,468,000 MYR, with property assets contributing significantly[56]. - The total liabilities of the group amount to 1,866,000 MYR, with 958,000 MYR classified as current lease liabilities[96]. - The asset-to-liability ratio increased to 4.79% as of June 30, 2019, from 0.82% as of December 31, 2018, indicating a significant rise in total debt[169]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2019, was 2,001 thousand HKD, down from 7,457 thousand HKD in the same period of 2018, indicating a decrease of about 73%[41]. - The company paid dividends amounting to 24,000 thousand HKD during the period, which is a significant cash outflow impacting the overall liquidity[41]. - Cash inflow from operating activities for the six months ended June 30, 2019, was approximately 2.00 million MYR, a decrease from 7.46 million MYR in the same period of 2018[163]. - The cash and cash equivalents at the end of the period were 30,277 thousand HKD, down from 64,330 thousand HKD at the beginning of the period, indicating a decrease of approximately 53%[41]. Employee Costs - Employee costs decreased by approximately MYR 0.92 million or 3.2% to about MYR 27.98 million, attributed to a reduction in average employee numbers from 1,495 to 1,396[155]. - Employee costs for the six months ended June 30, 2019, totaled approximately 27.98 million MYR, accounting for 71.7% of the group's revenue, up from 64.2% in the same period of 2018[170]. - The group had 1,360 employees, a decrease from 1,413 employees as of June 30, 2018, with total employee costs amounting to approximately MYR 27.98 million, down from MYR 28.90 million in the previous year[187]. Market and Operational Strategy - The company is focused on enhancing operational efficiency and exploring new market opportunities to drive future growth[12]. - The group is currently evaluating the optimal timing for expanding external customer contact centers and establishing dispatch customer contact centers[177]. - The overall market outlook for the local market in the second half of 2019 is expected to remain robust, with new projects being initiated with a new insurance company[195]. - The group is focusing on expanding its market position as a leading external customer contact service provider in Malaysia by establishing a dispatch customer contact center and upgrading its existing IT systems[195]. Accounting Standards - The company adopted the new Hong Kong Financial Reporting Standard 16 on leases, which has impacted the accounting treatment of lease liabilities and right-of-use assets starting January 1, 2019[46]. - The company has not recognized any significant impact from the new accounting standards on its consolidated financial statements, except for the adoption of HKFRS 16[46]. - The transition to HKFRS 16 resulted in additional right-of-use assets and lease liabilities being recognized, impacting retained earnings[79]. Customer Concentration - The top five customers accounted for approximately 70.8% of total revenue for the six months ended June 30, 2019, compared to 64.4% in the same period of 2018, indicating a concentration risk[171].
比特策略(06113) - 2019 - 中期财报