Financial Performance - The company's revenue for the three months ended March 31, 2019, was SGD 1,967,596, a decrease of 21.5% compared to SGD 2,506,535 in the same period of 2018[5] - Gross profit for the same period was SGD 569,708, down 52.7% from SGD 1,202,357 year-over-year[5] - The company reported a loss before tax of SGD 265,965, compared to a profit of SGD 308,634 in the prior year[5] - The net loss for the period was SGD 298,251, compared to a profit of SGD 144,793 in the same quarter of 2018[5] - The gross profit for the same period was approximately SGD 570,000, with a gross margin of about 29.0%, down from 48.0% in 2018[31] - The company incurred a loss of approximately SGD 298,000 for the three months ended March 31, 2019, compared to a profit of SGD 145,000 in 2018, representing a decrease of SGD 443,000[32] Revenue Breakdown - Revenue from public sector clients was SGD 1,794,492, a decline of 23.9% from SGD 2,358,416 in 2018, while private sector revenue increased to SGD 173,104 from SGD 148,119[14] - Major customers contributing over 10% of total revenue included Customer A with SGD 281,710, Customer B with SGD 257,441, and Customer C with SGD 207,616[18] Expenses and Costs - The company incurred financing costs of SGD 7,832, which increased from SGD 4,121 in the previous year[5] - Selling and administrative expenses increased by SGD 38,000 or 5.0% to approximately SGD 795,000 for the three months ended March 31, 2019[31] - Financing costs increased to SGD 7,832 for the three months ended March 31, 2019, compared to SGD 4,121 in 2018[22] - The company's tax expense for the period was SGD 32,286, significantly lower than SGD 163,841 in 2018, reflecting a decrease in taxable profit[23] Other Income and Losses - Other income for the period was SGD 37,331, an increase of 15.4% from SGD 32,257 in the previous year[5] - The company experienced a foreign exchange gain of SGD 13,453, compared to a gain of SGD 32,639 in the prior year[5] - Other income and losses included a foreign exchange loss of approximately SGD 67,000 due to depreciation of cash and cash equivalents denominated in HKD against SGD[31] Employment and Shareholder Information - As of March 31, 2019, the group employed a total of 80 employees, an increase from 76 employees in 2018, with total employee costs approximately SGD 779,000 compared to SGD 694,000 for the same period in 2018[37] - The company's major shareholders include Absolute Truth Investments Limited, holding 983,440,000 shares, representing 30.73% of the issued share capital, and other significant shareholders such as Wang Yafei and Han Dongshen, holding 240,000,000 shares (7.50%) and 176,000,000 shares (5.50%) respectively[40] Corporate Governance - The board confirms compliance with the corporate governance code as of March 31, 2019, and has implemented measures to enhance internal control systems[45] - The company has not granted any share options under the share option plan adopted on September 21, 2018, and there are no unexercised share options as of March 31, 2019[42] Future Outlook - The construction sector's activity demand is expected to decrease, negatively impacting the group's revenue due to intense bidding price competition and rising material costs[36] Dividend Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2019[26] Events After Reporting Period - There have been no significant events occurring after March 31, 2019[48]
吉辉控股(08027) - 2019 Q1 - 季度财报