Financial Performance - Revenue for the three months ended July 31, 2020, was approximately HKD 41.0 million, a decrease of about 8.7% compared to HKD 44.9 million for the same period in 2019[27]. - The loss attributable to equity holders for the three months ended July 31, 2020, was approximately HKD 1.3 million, a decrease of about 316.7% compared to a profit of HKD 0.6 million for the same period in 2019[27]. - Basic and diluted loss per share for the three months ended July 31, 2020, was approximately HKD 0.78 cents, compared to earnings of HKD 0.35 cents per share for the same period in 2019[27]. - Gross profit for the three months ended July 31, 2020, was approximately HKD 0.7 million, a decrease of about 76.7% from HKD 3.0 million for the same period in 2019[35]. - Gross profit margin decreased from approximately 6.7% for the three months ended July 31, 2019, to approximately 1.7% for the same period in 2020[35]. - The company reported a net loss of approximately HKD 1.3 million for the three months ended July 31, 2020, compared to a net profit of approximately HKD 0.6 million for the same period in 2019[38]. - Revenue for the three months ended July 31, 2020, was HKD 40,972,000, a decrease of 8.5% from HKD 44,851,000 in the same period of 2019[53]. - Gross profit for the same period was HKD 666,000, down 77.7% from HKD 2,981,000 year-on-year[53]. - The company reported a loss attributable to equity holders of HKD 1,255,000, compared to a profit of HKD 558,000 in the previous year[53]. - Basic and diluted loss per share was HKD (0.78), compared to earnings of HKD 0.35 per share in the prior year[53]. Costs and Expenses - Direct costs for the three months ended July 31, 2020, were approximately HKD 40.3 million, a decrease of about 3.8% from HKD 41.9 million for the same period in 2019[35]. - Administrative expenses increased by approximately HKD 0.4 million or 17.4% to HKD 2.7 million for the three months ended July 31, 2020, compared to HKD 2.3 million for the same period in 2019[36]. - Employee costs, including directors' remuneration, decreased to HKD 3,915,000 from HKD 5,786,000, reflecting a reduction of 32.2%[70]. - Total administrative expenses increased to HKD 2,671,000 from HKD 2,274,000, marking a rise of 17.4%[53]. Business Strategy and Market Conditions - The company plans to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[30]. - The company will continue to focus on site formation and renovation works in Hong Kong while enhancing its competitive advantages[31]. - The company faces challenges due to increasing operational costs and market competition, as well as potential impacts from social unrest and the COVID-19 outbreak[30]. Dividends and Shareholder Information - The company does not recommend the payment of an interim dividend for the three months ended July 31, 2020[28]. - The board does not recommend the payment of an interim dividend for the three months ended July 31, 2020, compared to no dividend in 2019[47]. - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2020, consistent with the previous year[75]. - The company has a total of 6.4 million unexercised share options as of July 31, 2020, with an exercise price of HKD 0.366 per share[50]. Other Financial Information - Other income for the three months ended July 31, 2020, was HKD 0.9 million, primarily due to an increase in government subsidies of HKD 0.7 million[37]. - Other income for the three months was HKD 861,000, with contributions from government grants and sale of property and equipment[69]. - The current tax expense for Hong Kong profits tax was HKD 38,000 for the three months ended July 31, 2020, down from HKD 83,000 in the same period of 2019[73]. - Under the two-tiered profits tax system, the applicable tax rate for the first HKD 2 million of profits is 8.25%, while profits exceeding this amount are taxed at 16.5%[74]. - The financial costs included interest on bank overdrafts, lease liabilities, and other borrowings, with specific figures not disclosed in the provided content[71]. - The total equity attributable to equity holders decreased to HKD 109,422,000 from HKD 114,400,000, a decline of 4.3%[56]. - The weighted average number of ordinary shares for the period was 160,000,000 shares, following a share consolidation where every five shares were consolidated into one[76]. - There were no potentially dilutive ordinary shares for the periods ended July 31, 2020, and July 31, 2019, resulting in basic earnings per share being equal to diluted earnings per share[77].
泰锦控股(08321) - 2021 Q1 - 季度财报