Financial Performance - The group's unaudited revenue for the nine months ended April 30, 2020, was approximately SGD 12,946,000, a decrease of about SGD 4,763,000 or 26.9% compared to the same period in 2019[5]. - The group's unaudited revenue for the three months ended April 30, 2020, was SGD 1,292,003, compared to SGD 5,504,569 for the same period in 2019, reflecting a significant decline[6]. - Revenue for the three months ended April 30, 2020, was SGD 1,292,003, a decrease of 76.5% compared to SGD 5,504,569 for the same period in 2019[18]. - Revenue for the nine months ended April 30, 2020, was SGD 12,945,671, down 26.5% from SGD 17,708,803 in the previous year[18]. - The group's gross profit for the nine months ended April 30, 2020, was SGD 3,235,270, down from SGD 4,752,433 in the same period in 2019[6]. - The gross profit for the nine months ended April 30, 2020, declined by approximately 1,517,000 SGD to about 3,235,000 SGD, compared to about 4,752,000 SGD in 2019[27]. - The group's unaudited loss for the nine months ended April 30, 2020, was approximately SGD 835,000, compared to a loss of approximately SGD 2,774,000 for the same period in 2019[5]. - Basic and diluted loss per share for the nine months ended April 30, 2020, was SGD 0.00059, compared to SGD 0.00222 for the same period in 2019[5]. Income and Expenses - The group's unaudited other income for the nine months ended April 30, 2020, was approximately SGD 1,532,000, an increase of about SGD 1,393,000 compared to SGD 139,000 in the same period in 2019, mainly due to cash subsidies from the Singapore government's employment support scheme[5]. - The group's unaudited administrative expenses for the nine months ended April 30, 2020, were approximately SGD 5,232,000, a decrease of about SGD 2,032,000 or 28.0% compared to the same period in 2019, primarily due to the closure of the Hong Kong office and cost-saving measures in Singapore[5]. - The group reported a service cost of SGD 9,710,401 for the nine months ended April 30, 2020, down from SGD 12,956,370 in the previous year[21]. - Employee benefits expenses, excluding directors' remuneration, totaled SGD 9,973,173 for the nine months ended April 30, 2020, down from SGD 14,101,690 in the previous year[21]. - Total financing costs for the nine months ended April 30, 2020, were SGD 50,354, compared to SGD 19,794 for the same period in 2019, reflecting an increase in interest expenses[20]. - The financing costs increased from approximately 20,000 SGD in 2019 to about 50,000 SGD in 2020, primarily due to interest from factoring loans and lease liabilities[31]. - Depreciation expenses for the nine months ended April 30, 2020, were SGD 512,662, compared to SGD 430,367 for the same period in 2019, indicating an increase in asset depreciation[21]. Corporate Governance and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended April 30, 2020[5]. - The company does not recommend the payment of an interim dividend for the nine months ended April 30, 2020[25]. - As of April 30, 2020, Mr. Shen Xuezhang holds 399,990,000 shares, representing 26.67% of the issued share capital of the company[36]. - Centrex Treasure Holdings Limited, owned approximately 94.89% by Mr. Shen, holds 399,990,000 shares in the company[39]. - Eden Publishing Pte. Ltd. owns 250,000,000 shares, accounting for 16.67% of the issued share capital[41]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the nine months ended April 30, 2020[48]. - No directors or major shareholders have any interests in any business that competes with the company[42]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for the separation of the roles of Chairman and CEO[45]. - There were no purchases, sales, or redemptions of the company's listed securities during the review period[43]. - The company confirmed compliance with the prescribed trading standards for directors as of April 30, 2020[44]. - No significant transactions, arrangements, or contracts involving directors or their associates were reported during the review period[46]. Business Outlook - The company anticipates that the global economic slowdown due to COVID-19 will negatively impact its business, with expected continued revenue declines in the coming quarters[35]. - The company plans to manage its expenses and seek other business opportunities to navigate the current adverse market conditions[35]. Employment and Operations - As of April 30, 2020, the company employed a total of 107 employees, a significant decrease from 310 employees in 2019[33]. - The company is primarily engaged in human outsourcing, recruitment, and training services[9]. - The group primarily operates in Singapore, with revenue mainly derived from its operations in the region[17]. - The group has integrated resources and does not present separate operating segment information, focusing on overall performance metrics[16]. - The group did not report any significant impact from the new and revised International Financial Reporting Standards on its financial position and performance during the reporting period[14].
星亚控股(08293) - 2020 Q3 - 季度财报