Financial Performance - Revenue for the three months ended December 31, 2018, was SGD 2,527,668, an increase of 21% compared to SGD 2,091,568 for the same period in 2017[27]. - Gross profit for the six months ended December 31, 2018, was SGD 1,393,816, representing a decrease of 21% from SGD 1,766,796 in the same period of 2017[27]. - The company reported a profit attributable to owners of the company of SGD 37,041 for the three months ended December 31, 2018, compared to a loss of SGD 926,375 in the same period of 2017[27]. - Total revenue for the six months ended December 31, 2018, was SGD 4,150,559, a decrease of 15% compared to SGD 4,882,235 for the same period in 2017[69]. - The group reported a net loss of SGD 9,156 for the six months ended December 31, 2018, compared to a loss of SGD 2,505,741 in the same period of 2017[74]. - The company reported a net profit of approximately SGD 64,000 for the six months ended December 31, 2018, compared to a net loss of approximately SGD 1.9 million in the same period of 2017[120]. Assets and Liabilities - Total assets as of December 31, 2018, were SGD 17,763,494, down from SGD 19,570,258 as of June 30, 2018[30]. - Current liabilities decreased to SGD 1,376,425 as of December 31, 2018, from SGD 1,454,502 as of June 30, 2018[32]. - The company’s total liabilities as of December 31, 2018, were SGD 2,996,160, an increase from SGD 2,279,349 as of June 30, 2018, indicating a growth of approximately 31.5%[96]. - The company’s total equity as of December 31, 2018, was SGD 14,738,804, slightly up from SGD 14,674,243 as of June 30, 2018[32]. Cash Flow and Expenses - The company’s cash and cash equivalents were SGD 8,640,204 as of December 31, 2018, down from SGD 11,187,116 as of June 30, 2018[30]. - Cash used in operating activities for the six months ended December 31, 2018, was SGD (737,578), compared to SGD (1,844,334) for the same period in 2017, indicating improved cash flow management[43]. - Administrative expenses increased to SGD 1,348,327 for the six months ended December 31, 2018, compared to SGD 1,010,160 in the same period of 2017[27]. - The cost of materials recognized as cost of sales/service was SGD 1,169,509 for the six months ended December 31, 2018, up from SGD 799,418 in the same period of 2017, representing a growth of about 46.3%[82]. Earnings and Shareholder Information - The company’s earnings per share for the six months ended December 31, 2018, was SGD 0.01, compared to a loss per share of SGD 0.31 for the same period in 2017[27]. - The basic and diluted earnings per share for the three months ended December 31, 2018, was SGD 0.005, a recovery from a loss of SGD 0.15 in the same period of 2017[87]. - The company did not recommend or pay any dividends for the six months ended December 31, 2018, consistent with the same period in 2017[90]. Market and Operational Insights - The company continues to focus on expanding its operations in the audio and communication systems market in Singapore, aiming to enhance service offerings and customer reach[49]. - The company is actively seeking opportunities to expand its customer base and market share in the audio and communication systems sector[121]. - The company plans to enhance marketing efforts in the Singapore audio and communications industry, with an allocation of HKD 1.4 million, of which 7.1% has been utilized[138]. Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules and has generally complied with it during the reporting period[186]. - The Audit Committee, established on December 14, 2017, consists of three independent non-executive directors and is responsible for reviewing the group's financial controls and risk management systems[188]. - The interim results for the period ending December 31, 2018, were not audited by the independent auditor but were reviewed by the Audit Committee members[188].
ISP GLOBAL(08487) - 2019 - 中期财报