Financial Performance - Revenue for the three months ended December 31, 2018, was HKD 37,533,000, representing an increase of 10.3% compared to HKD 33,927,000 for the same period in 2017[12]. - For the nine months ended December 31, 2018, revenue reached HKD 113,586,000, up 13.4% from HKD 100,242,000 in the previous year[12]. - The group reported a profit before tax of HKD 624,000 for the three months ended December 31, 2018, compared to a loss of HKD 281,000 in the same period of 2017[12]. - The profit attributable to owners of the company for the nine months ended December 31, 2018, was HKD 4,481,000, an increase of 32.6% from HKD 3,380,000 in the previous year[12]. - Basic and diluted earnings per share for the nine months ended December 31, 2018, were HKD 0.52, compared to HKD 0.39 for the same period in 2017[12]. - For the nine months ended December 31, 2018, the total comprehensive income attributable to owners was HKD 4,481,000, compared to HKD 3,380,000 for the same period in 2017, representing an increase of 32.6%[14]. - The net profit for the review period was approximately HKD 5.4 million, compared to HKD 3.9 million in the previous period, marking an increase of approximately 38.5%[46]. Operating Expenses - Total operating expenses for the three months ended December 31, 2018, were HKD 27,362,000, an increase from HKD 25,306,000 in the same period of 2017[12]. - Employee costs for the nine months ended December 31, 2018, totaled HKD 35,322,000, up from HKD 30,228,000 in 2017, marking an increase of 16.8%[27]. - The cost of goods sold increased from approximately HKD 23.3 million to about HKD 25.2 million, reflecting an increase of 8.2% consistent with revenue growth[37]. - Depreciation expenses increased from approximately HKD 4.8 million to about HKD 6.1 million, a growth of approximately 27.1% due to new store openings and renovations[40]. Financing and Costs - The group incurred financing costs of HKD 7,000 for the three months ended December 31, 2018, down from HKD 10,000 in the previous year[12]. - The interest expense on finance leases for the nine months ended December 31, 2018, was HKD 23,000, down from HKD 33,000 in 2017, representing a decrease of 30.3%[25]. - The tax expense for the nine months ended December 31, 2018, was HKD 1,597,000, compared to HKD 1,369,000 in 2017, reflecting an increase of 16.7%[26]. - Financing costs decreased from approximately HKD 33,000 to about HKD 23,000, a reduction of approximately 30.3% due to the completion of a vehicle financing lease[44]. Market and Growth Strategy - The company plans to continue expanding its market presence and exploring new product development opportunities[10]. - The group has reported an increase in user data, indicating a growing customer base and engagement[10]. - Future outlook remains positive with strategic initiatives aimed at enhancing operational efficiency and profitability[10]. - The company opened three new stores during the review period, bringing the total number of stores to 36 as of December 31, 2018[32]. - The company plans to open four new stores annually for the fiscal years ending March 31, 2019, and March 31, 2020[33]. Shareholder Information and Governance - As of December 31, 2018, Moment to Moment Company Limited holds 431,543,700 shares, representing approximately 50.18% of the company's issued share capital[52]. - The major shareholders include Harneys Trustees Limited, which also holds 431,543,700 shares, equating to 50.18% of the issued share capital[54]. - Chen Wei holds 445,348,738 shares, which is approximately 51.78% of the company's issued share capital[54]. - The company has adopted the corporate governance code as per GEM Listing Rules, ensuring compliance with governance standards[58]. - The board believes that the dual role of the Chairperson and CEO held by Ms. Xie is in the best interest of the company, despite the governance code suggesting these roles should be separate[58]. - The board diversity policy considers various factors including gender, age, cultural background, and professional qualifications[59]. - The company has confirmed that all directors have complied with the trading rules during the review period[60]. - The company has established a trust structure where Ms. Xie and her daughter are primary beneficiaries, influencing share ownership[56]. - The company has a clear disclosure of interests by directors and major shareholders, ensuring transparency in ownership[54]. - No share options were granted since the adoption of the share option scheme on December 17, 2016, and there were no unexercised options as of December 31, 2018[64]. Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM listing rules[67]. - There were no significant events affecting the group from December 31, 2018, to the date of the quarterly report[65]. - No direct or indirect competition has been reported from the directors or major shareholders during the review period[57].
太平洋酒吧(08432) - 2019 Q3 - 季度财报