Financial Performance - For the nine months ended January 31, 2019, revenue was approximately HKD 129.4 million, an increase of about 4.8% compared to HKD 123.5 million for the same period in 2018[10]. - Profit attributable to equity holders for the same period was approximately HKD 2.6 million, down from HKD 7.4 million in 2018[10]. - Basic and diluted earnings per share for the nine months were approximately HKD 0.33 cents, compared to HKD 0.92 cents in 2018[10]. - Revenue increased from approximately HKD 123.5 million to approximately HKD 129.4 million, representing a growth of about 4.8% for the nine months ended January 31, 2019[17]. - Gross profit decreased from approximately HKD 12.5 million to approximately HKD 10.1 million, a decline of about 19.3%, with gross margin dropping from approximately 10.1% to approximately 7.8%[19]. - Net profit decreased from approximately HKD 7.4 million to approximately HKD 2.6 million, primarily due to increased administrative expenses and reduced gross margin[23]. - The total comprehensive income for the nine months ended January 31, 2019, was HKD 2,647,000, down from HKD 7,390,000 in the same period of 2018[41]. - The net profit attributable to equity holders for the three months ended January 31, 2019, was HKD 1,830,000, a decrease of 47.5% from HKD 3,497,000 in the same period of 2018[39]. - Profit attributable to equity holders for the three months ended January 31, 2019, was HKD 1,830, a decrease of 47.5% from HKD 3,497 in the same period of 2018[63]. Dividend Policy - The company does not recommend the payment of an interim dividend for the nine months ended January 31, 2019, consistent with the previous year[11]. - The company did not recommend the payment of an interim dividend for the nine months ended January 31, 2019[33]. - The company did not recommend the payment of an interim dividend for the nine months ended January 31, 2019, consistent with the previous year[61]. Revenue Sources - The majority of revenue during the reporting period was derived from slope works commissioned by the Civil Engineering and Development Department[14]. - Contract revenue from slope works for the nine months ended January 31, 2019, was HKD 124,001,000, slightly up from HKD 123,512,000 in the same period of 2018[50]. - Revenue for the three months ended January 31, 2019, was HKD 59,944,000, an increase of 5.0% compared to HKD 56,963,000 for the same period in 2018[39]. Cost and Expenses - Administrative expenses rose from approximately HKD 3.6 million to approximately HKD 6.3 million, an increase of about 72.8%[21]. - Direct costs increased from approximately HKD 111.0 million to approximately HKD 119.3 million, an increase of about 7.5%[19]. - Administrative expenses for the three months ended January 31, 2019, increased to HKD 2,202,000 from HKD 625,000 in the same period of 2018[39]. - Total employee costs, including directors' remuneration, for the nine months ended January 31, 2019, were HKD 24,290, an increase of 22.1% from HKD 19,829 in the same period of 2018[57]. - Depreciation expenses for the nine months ended January 31, 2019, were HKD 1,397, an increase of 62.9% from HKD 858 in the same period of 2018[57]. - The company reported subcontracting expenses of HKD 87,870 for the nine months ended January 31, 2019, an increase of 9.1% from HKD 80,637 in the same period of 2018[57]. Financing and Costs - Financing costs amounted to approximately HKD 149,000 for the nine months ended January 31, 2019, compared to no financing costs in the previous period[22]. - The company reported a financing cost of HKD 66,000 for the three months ended January 31, 2019, compared to no financing cost in the same period of 2018[39]. - The financing costs for other borrowings amounted to HKD 66,000 for the three months ended January 31, 2019, compared to HKD 149,000 for the same period in 2018[56]. Market Outlook - The company faces challenges from rising operational costs and intense market competition, which may impact profitability in the coming year[14]. - The board remains optimistic about the construction industry in Hong Kong and plans to cautiously develop its core business while adjusting strategies as needed[15]. Government Programs - The government estimates that the annual expenditure for the long-term landslide prevention program will be at least HKD 600 million, benefiting the company's slope engineering business[14]. - The estimated expenditure for landslide prevention by the Civil Engineering and Development Department for 2018 is approximately HKD 1,030 million, a slight increase of about 4.0% from the previous year[14]. Share Options and Equity - The company has not granted any share options since the adoption of the share option scheme on September 26, 2016[36]. - The company’s total equity as of January 31, 2019, was HKD 103,064,000, an increase from HKD 96,845,000 as of January 31, 2018[41]. Other Information - There were no significant post-reporting date events disclosed as of the report date[34]. - The company operates primarily in the construction sector in Hong Kong, with no geographical segment reporting due to the concentration of operations[18]. - The company reported a total of HKD 10,000 from the sale of properties and equipment for the nine months ended January 31, 2019, unchanged from the same period in 2018[54]. - Bank interest income for the three months ended January 31, 2019, was HKD 2,000, a decrease of 91.67% compared to HKD 24,000 for the same period in 2018[54]. - The income tax expense for the nine months ended January 31, 2019, was HKD 1,054, a decrease of 41.7% from HKD 1,812 in the same period of 2018[59].
泰锦控股(08321) - 2019 Q3 - 季度财报