Financial Performance - For the three months ended September 30, 2019, the company reported revenue of SGD 2,132,831, a decrease of 10.1% compared to SGD 2,373,476 in the same period of 2018[4] - The gross profit for the three months ended September 30, 2019, was SGD 292,640, down 60.3% from SGD 737,373 in the same period of 2018[4] - The company incurred a loss before tax of SGD 325,043 for the three months ended September 30, 2019, compared to a loss of SGD 18,684 in the same period of 2018[4] - The net loss for the three months ended September 30, 2019, was SGD 300,711, compared to a loss of SGD 72,184 in the same period of 2018[4] - Total comprehensive loss for the three months ended September 30, 2019, amounted to SGD 326,292, compared to a loss of SGD 78,991 in the same period of 2018[4] - For the nine months ended September 30, 2019, revenue was SGD 6,260,839, a decrease of 21.2% from SGD 7,950,558 in the same period of 2018[4] - The company reported a gross profit of SGD 1,699,764 for the nine months ended September 30, 2019, down 47.4% from SGD 3,233,179 in the same period of 2018[4] - The loss before tax for the nine months ended September 30, 2019, was SGD 590,326, compared to a profit of SGD 1,123,057 in the same period of 2018[4] - The basic and diluted loss per share for the nine months ended September 30, 2019, was SGD (0.020), compared to earnings of SGD 0.024 in the same period of 2018[4] - The company reported a net loss attributable to owners of SGD 300,711 for the three months ended September 30, 2019, compared to a loss of SGD 72,184 in the same period of 2018[21] - The basic and diluted loss per share for the nine months ended September 30, 2019, was SGD 0.020, compared to earnings of SGD 0.024 in the same period of 2018[21] - The company incurred a loss of approximately SGD 648,000 for the nine months ended September 30, 2019, compared to a profit of approximately SGD 771,000 in 2018, representing a decrease of SGD 1,419,000[29] Revenue and Income - Total revenue for the three months ended September 30, 2019, was SGD 2,132,831, a decrease of 10.1% compared to SGD 2,373,476 in the same period of 2018[12] - Total revenue for the nine months ended September 30, 2019, was SGD 6,260,839, down 21.2% from SGD 7,950,558 in the same period of 2018[12] - Interest income for the three months ended September 30, 2019, increased to SGD 47,291, up 174.5% from SGD 17,223 in the same period of 2018[16] - Total other income for the nine months ended September 30, 2019, was SGD 145,600, a significant increase from SGD 72,223 in the same period of 2018[16] Expenses and Costs - The total financing costs for the nine months ended September 30, 2019, were SGD 20,407, an increase from SGD 12,627 in the same period of 2018[18] - Sales and administrative expenses for the nine months ended September 30, 2019, were approximately SGD 2,439,000, an increase of about SGD 125,000 from SGD 2,314,000 in 2018[28] - The company employed a total of 85 staff as of September 30, 2019, compared to 81 in 2018, with total employee costs of approximately SGD 2,356,000 for the nine months ended September 30, 2019[33] Market Conditions - The company anticipates that the local construction market's revenue and gross profit will decrease due to intense bidding price competition and rising material costs[32] - Public sector revenue decreased by approximately SGD 1,813,000, primarily due to reduced demand in the construction sector and intense market competition[31] Foreign Exchange and Tax - The company experienced a foreign exchange gain of SGD 136,834 for the three months ended September 30, 2019, compared to a gain of SGD 18,108 in the same period of 2018[17] - The company's foreign exchange gain for the nine months ended September 30, 2019, was approximately SGD 65,000, mainly due to the appreciation of cash and cash equivalents denominated in HKD against SGD[28] - The company’s total tax expense for the nine months ended September 30, 2019, was SGD 57,954, a decrease from SGD 352,441 in the same period of 2018[19] Corporate Governance - Major shareholders include Absolute Truth Investments Limited, holding approximately 30.73% of the issued share capital, and other significant shareholders holding 5% or more[36] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 throughout the nine months ending September 30, 2019[43] - The audit committee, established on June 23, 2015, consists of three independent non-executive directors and is responsible for providing independent opinions on the effectiveness of financial reporting, internal controls, and risk management systems[45] Other Information - The company did not recommend an interim dividend for the nine months ended September 30, 2019[22] - The company has not granted any options under the stock option plan adopted on September 21, 2018, and there were no unexercised options as of September 30, 2019[40] - There have been no significant events occurring after September 30, 2019[46]
吉辉控股(08027) - 2019 Q3 - 季度财报