Financial Performance - The company's revenue for the three months ended March 31, 2020, was SGD 1,831,297, a decrease of 6.9% compared to SGD 1,967,596 in the same period of 2019[4] - Gross profit for the same period was SGD 411,337, down 28% from SGD 569,708 year-over-year[4] - The company reported a pre-tax loss of SGD 43,582, significantly improved from a loss of SGD 265,965 in the previous year[4] - The net loss for the period was SGD 23,382, compared to a net loss of SGD 298,251 in the prior year, indicating a reduction in losses[4] - Other income increased to SGD 72,471 from SGD 37,331, reflecting a growth of 94.3% year-over-year[4] - Revenue from public sector clients was SGD 1,638,399, down 8.7% from SGD 1,794,492 in 2019, while private sector revenue increased to SGD 192,898 from SGD 173,104[11] - The company experienced a foreign exchange loss of SGD 94,905, contrasting with a gain of SGD 13,453 in the previous year[4] - The basic and diluted loss per share for the period was SGD 0.001, an improvement from SGD 0.009 in the same quarter of 2019[4] - The company incurred a loss of approximately SGD 632,000 for the three months ended March 31, 2020, compared to a loss of SGD 298,000 in the same period of 2019[27] - Gross profit for the period was approximately SGD 411,000, with a gross margin of about 22.5%, down from 29.0% in 2019[27] - Selling and administrative expenses increased by SGD 286,000 or 36.0% to approximately SGD 1,081,000, primarily due to increased advertising and legal costs[27] - The company recorded a tax expense of SGD 20,200 for the three months ended March 31, 2020, compared to a tax expense of SGD 32,286 in 2019[19] - Basic and diluted loss per share was SGD 0.001 for the three months ended March 31, 2020, compared to SGD 0.009 in 2019[21] Corporate Governance and Shareholder Information - The company did not recommend any interim dividend for the three months ended March 31, 2020[22] - As of March 31, 2020, the company’s executive director, Mr. Chen Tianji, holds 983,440,000 shares, representing approximately 30.73% of the issued share capital[34] - Major shareholders include Absolute Truth Investments Limited with 983,440,000 shares (30.73%), Wang Yafei with 240,000,000 shares (7.50%), and Han Dongshen with 176,000,000 shares (5.50%) as of March 31, 2020[36] - No share options were granted, exercised, lapsed, or cancelled during the three months ended March 31, 2020, and no unexercised options were outstanding as of that date[38] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2020[39] - The board of directors confirmed compliance with the corporate governance code as of March 31, 2020[41] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the three months ended March 31, 2020[43] Market Outlook and Strategic Direction - The outlook indicates that the construction sector's demand will negatively impact revenue, with expectations of declining income and gross profit due to COVID-19 and increased competition[32] - The company will continue to manage expenses and review business strategies to adapt to the current market environment[32] Employment and Costs - The company employed a total of 80 employees as of March 31, 2020, with total employee costs of approximately SGD 865,000[33] Events After Reporting Period - No significant events occurred after March 31, 2020[44]
吉辉控股(08027) - 2020 Q1 - 季度财报