Revenue Performance - For the three months ended May 31, 2021, the revenue was 3,916 thousand SGD, an increase of 50.3% compared to 2,604 thousand SGD for the same period in 2020[5]. - For the nine months ended May 31, 2021, the revenue reached 13,023 thousand SGD, up 10.3% from 11,802 thousand SGD in the previous year[5]. - Restaurant operations revenue for the three months ended May 31, 2021, was SGD 3,900,000, a 54.0% increase from SGD 2,534,000 in the same period of 2020[18]. - Total revenue for the nine months ended May 31, 2021, reached SGD 13,023,000, up 10.3% from SGD 11,802,000 in the previous year[18]. - Revenue from Singapore for the nine months ended May 31, 2021, was SGD 12,978,000, a 12.8% increase from SGD 11,508,000 in 2020[21]. - Revenue from restaurant operations for the current period was approximately SGD 13,000,000, an increase of about 14.0% from SGD 11,400,000 in the same period last year[36]. Net Loss and Financial Performance - The net loss for the three months ended May 31, 2021, was 869 thousand SGD, compared to a net loss of 803 thousand SGD for the same period in 2020, representing an increase in loss of 8.2%[5]. - The net loss for the nine months ended May 31, 2021, was 1,507 thousand SGD, a decrease in loss of 36.5% compared to 2,375 thousand SGD for the same period in 2020[5]. - The company reported a basic and diluted loss per share of 0.20 SGD for the three months ended May 31, 2021, compared to 0.17 SGD for the same period in 2020[5]. - The group reported a loss of approximately SGD 1,507,000, a decrease from approximately SGD 2,375,000 in the same period last year, mainly due to increased other income from government subsidies[46]. - The group’s basic and diluted loss per share for the nine months ended May 31, 2021, was SGD 1,530,000, compared to SGD 2,277,000 for the same period in 2020, reflecting a 32.7% improvement in loss[30]. Employee Costs - The company incurred employee costs of 1,317 thousand SGD for the three months ended May 31, 2021, an increase of 34.8% from 977 thousand SGD in the same period of 2020[5]. - The group incurred employee costs of SGD 1,164,000 for the three months ended May 31, 2021, compared to SGD 791,000 in the same period last year, marking a 47.2% increase[30]. - Employee costs rose from approximately SGD 4,100,000 to about SGD 4,300,000, an increase of approximately 4.9%, primarily due to the opening of one new restaurant and full operations of two previously opened restaurants[41]. Government Subsidies - Government subsidies received amounted to SGD 233,000 for the three months and SGD 965,000 for the nine months ended May 31, 2021, compared to SGD 190,000 and SGD 204,000 respectively in 2020[22]. Operational Changes and Future Plans - The company plans to continue exploring market expansion opportunities and new product development strategies in the upcoming quarters[5]. - The group plans to continue developing its business by acquiring new franchise brands and opening restaurants outside central Singapore[34]. - The group has a total of 15 self-operated restaurants and 1 central kitchen as of the report date, with plans to expand into other Southeast Asian countries[32][34]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[72]. Cost Management - Cost of goods sold increased from approximately SGD 3,200,000 to about SGD 3,600,000, an increase of approximately 12.5%, consistent with revenue changes[40]. - Rental and related expenses increased from approximately SGD 517,000 to about SGD 625,000, an increase of approximately 20.9%, attributed to the opening of one new restaurant and full operations of two previously opened restaurants[42]. - Other expenses rose from approximately SGD 2,060,000 to about SGD 2,140,000, an increase of approximately 4.4%, mainly due to the operational costs of new restaurants[44]. - Financial costs increased from approximately SGD 407,000 to about SGD 487,000, an increase of approximately 19.7%, primarily due to interest on lease liabilities related to new restaurant openings[45]. Shareholder Information - The board and senior management held approximately 6.93% of the company's shares, with each of the two individuals holding 30,499,000 shares[50]. - Canola holds 30,499,000 shares, representing approximately 6.93% of the total issued shares as of May 31, 2021[55]. - Peh holds 80,400 shares in Kogane Yama Restaurants, representing 40% equity[56]. - Jaesan Food Holdings owns 200,000 shares in K Food Master Holdings, also representing 40% equity[56]. - The group has no dividends declared or proposed for the current period, consistent with the previous year[29]. Compliance and Governance - The company has complied with the GEM Listing Rules regarding securities trading by directors[62]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the financial statements and found them compliant with applicable accounting standards[70]. - The company has not established any arrangements for directors or their associates to benefit from acquiring shares or debentures of the company[61]. - The company has not disclosed any interests in competitive businesses by directors or controlling shareholders during the compliance period[65]. Market and User Data - In Q3 2021, the company reported a revenue of HKD 1.5 billion, representing a year-over-year increase of 15%[72]. - User data showed an increase in active users by 20% compared to the previous quarter, reaching 2 million active users[72]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[72]. Research and Development - Investment in R&D increased by 25% year-over-year, focusing on innovative technologies and product enhancements[72]. Strategic Acquisitions - A strategic acquisition was announced, with the company acquiring a tech startup for HKD 200 million to enhance its product offerings[72].
易站绿色科技(08475) - 2021 Q3 - 季度财报