Financial Performance - For the first quarter of the fiscal year 2022, Altus Holdings Limited reported unaudited revenue of approximately HKD 12,700,000, a decrease of about 4.9% compared to HKD 13,400,000 in the same period of the previous year[4]. - The group recorded a reported and underlying net profit of approximately HKD 2,000,000 for the first quarter of fiscal year 2022, compared to HKD 1,900,000 in the first quarter of fiscal year 2021, indicating a slight improvement in profitability[4]. - The total comprehensive income for the first quarter of fiscal year 2022 was HKD 1,541,000, compared to HKD 2,893,000 in the same period of the previous year[12]. - The group’s pre-tax profit for the first quarter of fiscal year 2022 was HKD 3,126,000, slightly up from HKD 3,028,000 in the first quarter of fiscal year 2021[8]. - The total comprehensive income for the period was HKD 1,636,000, showing a consistent performance[16]. - For the first quarter of the fiscal year 2022, the profit attributable to the company's owners was HKD 1,756,000, compared to HKD 1,636,000 in the same period of the previous year, representing an increase of approximately 7.35%[59]. Revenue Breakdown - Revenue from corporate finance and other consulting services for Q1 2022 was HKD 3,265,000, a decrease of 6.5% from HKD 3,494,000 in Q1 2021[35]. - Total rental income from investment properties for Q1 2022 was HKD 9,481,000, down 4.3% from HKD 9,903,000 in Q1 2021[36]. - Revenue from self-investment activities contributed approximately 74.4% of total revenue in the first quarter of fiscal year 2022[81]. - The total revenue for the consulting and advisory segment in Q1 2022 was HKD 3,265,000, compared to HKD 3,494,000 in Q1 2021[43]. - The self-operated investment segment generated revenue of HKD 9,481,000 in Q1 2022, down from HKD 9,903,000 in Q1 2021[43]. - Income from self-investment decreased by approximately 4.3% to about HKD 9,500,000, mainly due to a decline in occupancy rates[84]. Expenses and Costs - Employee costs decreased to approximately HKD 2,500,000 in the first quarter of fiscal year 2022 from approximately HKD 3,600,000 in the same period of the previous year, attributed to a reduction in overall headcount[4]. - The group’s financial costs decreased to HKD 1,037,000 in the first quarter of fiscal year 2022 from HKD 1,231,000 in the same period of the previous year[8]. - Total employee costs, excluding directors' remuneration, were HKD 2,466,000 for the first quarter of fiscal year 2022, down from HKD 3,600,000 in the same period last year, a decrease of approximately 31.39%[56]. - The company incurred a depreciation expense of HKD 261,000 for property, plant, and equipment in the first quarter of fiscal year 2022, down from HKD 292,000 in the same period last year, a decrease of approximately 10.62%[56]. Shareholder Information - Major shareholder Flying Castle Limited holds 557,200,000 shares, representing 69.4% of the company's issued share capital[96]. - KHHL, controlled by Ms. Chan and the Hecico 1985 Trust, also holds 557,200,000 shares, equating to 69.4%[96]. - Ms. He holds 1,250,000 shares in I Corporation, representing 20.0% ownership[99]. - Yuanta Asia Investment Limited owns 44,250,000 shares, accounting for 5.5% of the company[96]. Corporate Governance and Compliance - The company complies with GEM listing rules regarding corporate governance and has not provided any loans to related entities[108]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for Q1 of fiscal year 2022, ensuring compliance with applicable accounting principles[113]. - The company has adopted the trading regulations as per GEM Listing Rules sections 5.48 to 5.67, confirming compliance by all directors for the fiscal year 2022 Q1[109]. Market Outlook - The board anticipates continued weakness in the underwriting business due to a downturn in the overall market atmosphere for initial public offerings[86]. - The company expects that the value or income contribution from its property investment portfolio in Japan will not experience significant changes in the future[87].
浩德控股(08149) - 2022 Q1 - 季度财报