Financial Performance - For the nine months ended September 30, 2019, the total revenue was approximately MYR 46.8 million, a decrease of about 10.1% compared to the same period in 2018[6]. - The gross profit for the nine months ended September 30, 2019, was approximately MYR 7.6 million, down approximately 1.5% from the same period in 2018[6]. - The company recorded a net loss of approximately MYR 3.8 million for the nine months ended September 30, 2019[6]. - For the three months ended September 30, 2019, the revenue was MYR 14.96 million, compared to MYR 19.75 million in the same period of 2018, reflecting a decline[7]. - The gross profit for the three months ended September 30, 2019, was MYR 3.03 million, down from MYR 3.57 million in the same period of 2018[7]. - The company reported a loss of MYR 3.51 million for the nine months ended September 30, 2019, compared to a loss of MYR 3.37 million in the same period of 2018[7]. - The total comprehensive loss for the nine months ended September 30, 2019, was MYR 3.82 million, compared to a loss of MYR 3.67 million in the same period of 2018[9]. - The basic and diluted loss per share for the nine months ended September 30, 2019, was 0.5 sen, compared to a loss of 0.50 sen in the same period of 2018[7]. - For the nine months ended September 30, 2019, total revenue was 46,794 thousand MYR, a decrease of 10.5% compared to 52,045 thousand MYR for the same period in 2018[19]. - The company recorded a profit of 2,143 thousand MYR for the nine months ended September 30, 2019, compared to a loss of 1,368 thousand MYR in the same period of 2018[19]. - The company reported interest income of 268 thousand MYR for the nine months ended September 30, 2019, down from 646 thousand MYR in 2018, a decrease of 58.6%[19]. - The company experienced a financing cost of 701 thousand MYR for the nine months ended September 30, 2019, compared to 771 thousand MYR in 2018, reflecting a decrease of 9.1%[19]. - The company’s tax expense for the nine months ended September 30, 2019, was 289,000 MYR, down from 596,000 MYR in 2018[7]. - The company did not generate taxable profits in Hong Kong for the nine months ended September 30, 2019, and thus made no provision for Hong Kong profits tax[30]. Revenue Breakdown - The air freight and related services segment generated revenue of 14,141 thousand MYR for the nine months ended September 30, 2019, down from 25,053 thousand MYR in 2018, representing a decline of 43.6%[24]. - The sea freight and related services segment reported revenue of 26,099 thousand MYR for the nine months ended September 30, 2019, an increase of 5.5% compared to 24,740 thousand MYR in 2018[24]. - Revenue from air freight services accounted for approximately 30.2% of total revenue, while sea freight services contributed about 55.8% for the nine months ended September 30, 2019[45]. - Revenue from non-air and non-sea freight services was approximately 1.8 million MYR for the nine months ended September 30, 2019, compared to 1.5 million MYR in 2018[41]. - The shipping volume for sea freight services increased by approximately 3.6% to about 15,216 TEUs for the nine months ended September 30, 2019[48]. Dividend and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2019[6]. - The company did not recommend an interim dividend for the nine months ended September 30, 2019, consistent with the previous year[27]. - The average number of ordinary shares in issue during the nine months ended September 30, 2019, remained unchanged at 800,000,000 shares[33]. - The company has adopted a share option scheme, allowing for the issuance of up to 80,000,000 shares, representing 10% of the issued shares, as of September 30, 2019[61]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the nine months ending September 30, 2019[62]. - The company confirmed that no interests in any competing businesses were held by major shareholders or their close associates during the same period[63]. Corporate Governance and Management - The company has established an audit committee composed of independent non-executive directors, responsible for reviewing financial statements and internal control procedures[68]. - The company has complied with the corporate governance code, except for a deviation noted in code provision A.2.1, during the nine months ending September 30, 2019[66]. - The audit committee's responsibilities include advising the board on the appointment and removal of external auditors[68]. - The company has confirmed adherence to trading standards and the code of conduct for directors during the reporting period[65]. - The company is actively seeking suitable candidates with relevant experience to fill the CEO position to manage daily operations[66]. Business Development - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in the report[11]. - The company has attracted a new client, a leading multinational engineering and electronics company based in Germany, which is expected to positively impact revenue[44]. - The company plans to expand its business in Malaysia, focusing on cross-border freight, trucking, and rail freight services[44]. - The company operates two reportable segments: freight forwarding and related services, and trading of second-hand mobile phones, each requiring different strategies[17].
盛良物流(08292) - 2019 Q3 - 季度财报