Financial Performance - Total revenue decreased from approximately HKD 36,623,000 for the three months ended March 31, 2019, to approximately HKD 30,375,000 for the three months ended March 31, 2020, representing a decline of about 17%[4] - Profit attributable to owners of the company decreased by approximately 56%, from HKD 2,534,000 in the same period of 2019 to HKD 1,103,000 in 2020[4] - Earnings per share for the three months ended March 31, 2020, was approximately HKD 0.39, down from HKD 0.91 in the same period of 2019[4] - Total revenue decreased from approximately HKD 36,600,000 for the three months ended March 31, 2019, to approximately HKD 30,400,000 for the three months ended March 31, 2020, primarily due to a decline in revenue from outsourced outbound customer contact services and personnel dispatch services[25] - Profit attributable to owners of the company decreased from approximately HKD 2,500,000 for the three months ended March 31, 2019, to approximately HKD 1,100,000 for the three months ended March 31, 2020, mainly due to the decrease in revenue during the review period[27] Revenue Breakdown - Revenue from outsourced inbound customer contact services was HKD 2,520,000, down from HKD 2,653,000 in 2019[11] - Revenue from outsourced outbound customer contact services decreased significantly from HKD 9,451,000 in 2019 to HKD 5,192,000 in 2020[11] - Revenue from personnel dispatch services fell from HKD 15,803,000 in 2019 to HKD 12,382,000 in 2020[11] - Revenue from financial services remained relatively stable at HKD 5,166,000 compared to HKD 5,061,000 in 2019[11] Expenses and Costs - Employee benefit expenses decreased from approximately HKD 24,500,000 for the three months ended March 31, 2019, to approximately HKD 21,800,000 for the three months ended March 31, 2020, primarily due to a reduction in hiring for personnel dispatch services[25] - Other operating expenses decreased from approximately HKD 7,200,000 for the three months ended March 31, 2019, to approximately HKD 4,000,000 for the three months ended March 31, 2020, mainly due to a reduction in outsourcing costs and lease expenses[25] - Depreciation and amortization expenses increased from approximately HKD 1,800,000 for the three months ended March 31, 2019, to approximately HKD 3,200,000 for the three months ended March 31, 2020[25] - Financial costs increased from approximately HKD 60,000 for the three months ended March 31, 2019, to approximately HKD 100,000 for the three months ended March 31, 2020[25] Dividends - The company did not recommend the declaration of an interim dividend for the three months ended March 31, 2020, compared to no dividend in 2019[4] - The company did not recommend the payment of any interim dividend for the three months ended March 31, 2020, consistent with the previous year[20] Future Outlook - The management anticipates that the negative impact on the customer contact center and financial services segments may continue for the remainder of the fiscal year due to the adverse business environment caused by the COVID-19 pandemic[22] - The management is optimistic about business and sales recovery as the COVID-19 situation gradually improves, with plans to expand and diversify operations while implementing cost-saving measures[24] Corporate Governance - The company has established a non-competition agreement to protect its interests and those of its shareholders, involving key executives and related companies[33] - The company has received written notifications from all parties regarding any new business opportunities that may compete with its existing operations[36] - There are no reported interests or conflicts of interest among directors or major shareholders in businesses that may compete with the company as of March 31, 2020[37] - The major shareholder, Wan Shi Da Enterprises Limited, is fully owned by Mr. Tang Chengbo, reinforcing his significant control over the company[40] Compliance and Audit - The audit committee reviewed the unaudited interim results for the three months ended March 31, 2020, and confirmed compliance with accounting policies and legal requirements[45] - There are no provisions in the company's articles of association or Cayman Islands law regarding preemptive rights for existing shareholders to purchase new shares[46]
易通讯集团(08031) - 2020 Q1 - 季度财报