Financial Performance - For the three months ended November 30, 2019, the total revenue was approximately MYR 59.1 million, an increase of about 19.7% compared to the same period in 2018[5]. - The gross profit for the same period was approximately MYR 11.2 million, reflecting a growth of approximately 31.3% year-on-year[5]. - The net profit recorded for the three months was approximately MYR 1.8 million, compared to MYR 1.0 million in the previous year[5]. - The operating profit for the period was approximately MYR 4.5 million, up from MYR 3.4 million in the prior year[6]. - Earnings per share for the period was 0.23 sen, compared to 0.13 sen in the same period last year[6]. - The total comprehensive income for the period was approximately MYR 1.9 million, down from MYR 2.4 million in the previous year[6]. - The company reported a financing cost of approximately MYR 2.4 million, compared to MYR 2.2 million in the previous year[6]. - Revenue for the three months ended November 30, 2019, was 59,146 thousand MYR, representing a 19.7% increase from 49,396 thousand MYR in the same period of 2018[27]. - Total revenue for the three months ended November 30, 2019, was approximately 59.1 million MYR, compared to 49.4 million MYR for the same period in 2018, representing a year-over-year increase of 19.5%[51]. - Earnings attributable to the company's owners for the three months ended November 30, 2019, were 1.842 million MYR, up from 1.042 million MYR in the same period of 2018, reflecting a growth of 76.7%[48]. Revenue Breakdown - The sales breakdown included packaging at 31,496 thousand MYR, inserts at 20,533 thousand MYR, and brochures at 7,094 thousand MYR for the three months ended November 30, 2019[32]. - The packaging segment generated revenue of approximately 31.5 million MYR, accounting for 53.2% of total revenue, while in 2018, it was 32.5 million MYR, representing 65.9% of total revenue[52]. - Revenue from the production of inserts was approximately 20.5 million MYR, which constituted 34.7% of total revenue, compared to 12.0 million MYR or 24.2% in 2018, indicating a significant growth in this segment[53]. - The company’s revenue from the production of brochures was approximately 7.1 million MYR, representing 12.0% of total revenue, compared to 4.8 million MYR or 9.7% in 2018, showing an increase in this area[56]. - Revenue from label production was approximately 0.02 million MYR, accounting for 0.1% of total revenue, down from 0.1 million MYR or 0.2% in 2018, indicating a decline in this segment[57]. - The company’s Malaysian customers contributed approximately 70.3% of total revenue, down from 76.0% in 2018, with the remainder coming from Singapore and the Philippines[51]. Cost and Expenses - The cost of goods sold for the three months ended November 30, 2019, was 47,974 thousand MYR, compared to 40,889 thousand MYR in the previous year[35]. - Employee costs increased to 9,118 thousand MYR for the three months ended November 30, 2019, from 7,401 thousand MYR in 2018[35]. - Selling costs increased by approximately 17.3% or 7.1 million MYR due to higher material costs and increased subcontracting and manufacturing expenses[64]. - Distribution expenses rose by approximately 13.4% to 3.2 million MYR for the three months ended November 30, 2019, consistent with revenue growth[67]. - Administrative expenses increased to approximately 3.9 million MYR for the three months ended November 30, 2019, compared to 2.7 million MYR in 2018[68]. - Financing costs for the three months ended November 30, 2019, were approximately 2.4 million MYR, up from 2.2 million MYR in 2018, primarily due to interest on lease liabilities[69]. Market Strategy and Operations - The company has a strong focus on expanding its market presence and enhancing its product offerings[9]. - The company has been focusing on strengthening its market position in the offset printing and packaging industry, leveraging over 47 years of experience[50]. - The company is focusing on consolidating its market position in the printing and packaging industry, with ongoing discussions with international brands to expand operations in Malaysia and the Philippines[58]. - The company has established a new warehouse in Malaysia with an area of approximately 72,000 square feet, which is expected to improve inventory management efficiency[59]. - The group reported a significant increase in revenue from the Philippines, rising to 15,968 thousand MYR from 10,531 thousand MYR year-on-year[27]. - Revenue for the three months ended November 30, 2019, increased by approximately 19.7% or about 9.8 million MYR compared to the same period in 2018, driven by increased demand from major customers[60]. - The contribution from the top five customers increased from approximately 36.1 million MYR for the three months ended November 30, 2018, to 40.5 million MYR for the same period in 2019, representing 73.1% and 68.5% of total revenue respectively[60]. Compliance and Governance - The financial statements were prepared in accordance with the applicable Hong Kong Financial Reporting Standards[10]. - The company has complied with the corporate governance code during the three months ending November 30, 2019[90]. - The audit committee has been established to assist the board in reviewing financial information and internal controls[94]. - The company’s compliance advisor has no interests in the company’s securities as of November 30, 2019[88]. - The board of directors confirmed compliance with trading standards during the three months ending November 30, 2019[89]. - The chairman was unable to attend the annual general meeting due to prior commitments[93]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended November 30, 2019[5]. - The group did not recommend an interim dividend for the three months ended November 30, 2019[36]. - Linocraft Investment holds a 51.00% stake in the company, with 408,000,000 shares[80]. - Charlecote Sdn also holds a 51.00% stake in the company, with 408,000,000 shares[80]. - Stan Cam Holdings Limited owns 15.00% of the company, with 120,000,000 shares[80]. - The company has not adopted any share option schemes as of November 30, 2019[84]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending November 30, 2019[85].
东骏控股(08383) - 2020 Q1 - 季度财报