Financial Performance - The group recorded a net loss of approximately SGD 1.5 million for the nine months ended September 30, 2019, a significant increase of about 421.3% compared to a net loss of SGD 286,000 for the same period in 2018[14]. - The unaudited revenue decreased by approximately 21.5% year-on-year, from about SGD 7.9 million in the previous period to approximately SGD 6.2 million in the current period, primarily due to a reduction in investment management business income[14]. - The basic and diluted loss per share for the current period was approximately SGD 0.07[14]. - The total comprehensive loss attributable to owners of the company for the current period was SGD 734,000, compared to SGD 1.2 million in the previous period[16]. - The company reported a loss of SGD 2,149,000 for the nine months ended September 30, 2019, compared to a retained profit of SGD 4,261,000 for the same period in 2018, indicating a significant shift in financial performance[18]. - The company recorded a net loss of approximately SGD 1.5 million during the review period, compared to a net loss of approximately SGD 286,000 in the previous period[82]. Revenue Breakdown - Revenue from external customers for Singapore was SGD 5,467,000 for the nine months ended September 30, 2019, compared to SGD 7,102,000 for the same period in 2018, representing a decrease of approximately 23%[49]. - Revenue from Malaysia increased to SGD 296,000 for the nine months ended September 30, 2019, compared to SGD 286,000 in the same period of 2018, reflecting a growth of about 3.5%[49]. - The group’s revenue from Australia decreased significantly to SGD 104,000 for the nine months ended September 30, 2019, down from SGD 409,000 in the same period of 2018[49]. - The group’s revenue from other countries/jurisdictions increased to SGD 340,000 for the nine months ended September 30, 2019, compared to SGD 114,000 in the same period of 2018[49]. - The group’s total revenue for the nine months ended September 30, 2019, was SGD 6,207,000, down from SGD 7,911,000 in the same period of 2018, indicating a decline of approximately 21.5%[66]. Expenses and Costs - Employee costs increased from approximately SGD 5.5 million in the previous period to about SGD 5.8 million in the current period, mainly due to the hiring of more professionals to support business expansion[14]. - Other net expenses decreased from approximately SGD 3 million in the previous period to about SGD 1.9 million in the current period, attributed to the absence of listing expenses in the current period[14]. - The company’s total comprehensive loss for the period included a foreign exchange loss of SGD 42,000 related to overseas operations[18]. - The group recognized short-term lease payments of SGD 33,000 during the nine months ended September 30, 2019, which is included in other expenses in the income statement[38]. Strategic Focus and Future Plans - The company is focused on expanding its business operations and increasing the size of its executive board[14]. - The financial results indicate a need for strategic adjustments in investment management to improve revenue streams moving forward[14]. - The company plans to continue expanding its family office services and is actively seeking new contracts to diversify its client base and enhance revenue streams[71][73]. - The company aims to expand its investor base by diversifying its development towards institutional and family offices, actively seeking attractive property investment opportunities across the Asia-Pacific region[88]. - The company plans to bid for new industrial and commercial projects in Singapore, anticipating stable demand for private residential properties[89]. Compliance and Governance - The financial statements were prepared in accordance with International Financial Reporting Standards and Singapore Financial Reporting Standards, ensuring compliance and transparency[22]. - The company did not adopt any new standards that had a significant impact on the third-quarter performance, maintaining consistency in accounting policies[24]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's performance for the nine months ending September 30, 2019[149]. - The company has established an audit committee in accordance with the GEM Listing Rules to oversee financial reporting and risk management[149]. Shareholder Information - As of September 30, 2019, Mr. Yao and Ms. Shen hold 65.57% of the company's ordinary shares through a controlled corporation[121]. - The company has not received any notifications regarding interests in its shares or related securities that require disclosure under the Securities and Futures Ordinance[145]. - ZACD Investments is considered the beneficial owner of the shares held by Mr. Yao and Ms. Shen[144].
杰地集团(08313) - 2019 Q3 - 季度财报