Financial Performance - Revenue for the three months ended December 31, 2019, was SGD 1,815,668, a decrease of 28.1% compared to SGD 2,527,668 for the same period in 2018[5] - Gross profit for the six months ended December 31, 2019, was SGD 1,474,685, an increase of 5.8% from SGD 1,393,816 in the same period of 2018[5] - The company reported a net loss attributable to equity holders of SGD 171,649 for the three months ended December 31, 2019, compared to a profit of SGD 37,041 in the same period of 2018[5] - Total revenue for the six months ended December 31, 2019, was SGD 3,925,884, a decrease of 5.4% compared to SGD 4,150,559 for the same period in 2018[41] - The company reported a pre-tax loss of SGD 171,649 for the six months ended December 31, 2019, compared to a profit of SGD 64,385 in the same period of 2018[53] - The company recorded a net profit of approximately SGD 58,000 for the period, down from about SGD 64,000 in the same period of 2018[126] Assets and Liabilities - Total assets as of December 31, 2019, amounted to SGD 17,456,043, a slight increase from SGD 17,402,732 as of June 30, 2019[14] - Current liabilities increased to SGD 1,347,880 as of December 31, 2019, compared to SGD 1,246,655 as of June 30, 2019[14] - The company’s total equity increased to SGD 14,679,866 as of December 31, 2019, compared to SGD 14,621,830 as of June 30, 2019[14] - The company’s total liabilities increased to SGD 953,125 as of December 31, 2019, from SGD 794,028 as of June 30, 2019, marking a rise of 20%[89] - Trade payables increased to SGD 514,287 as of December 31, 2019, from SGD 338,755 as of June 30, 2019, reflecting a growth of 51.8%[89] Cash Flow - The net cash used in operating activities for the period is SGD (30,680), compared to SGD (737,578) in the previous year, indicating a significant improvement[32] - The net cash used in investing activities is SGD (25,692) for the current period, slightly better than SGD (30,157) in the previous year[32] - The net cash used in financing activities is SGD (106,325), a decrease from SGD (1,723,904) in the previous year, showing a reduction in financing outflows[32] - The cash and cash equivalents at the end of the period amount to SGD 9,493,695, compared to SGD 8,640,204 in the previous year, reflecting an increase of approximately 9.9%[32] Revenue Breakdown - Revenue from audio and communication system sales and related services was SGD 2,954,620 for the six months ended December 31, 2019, down from SGD 3,046,846 in the previous year, representing a decline of 3.0%[41] - Integrated services revenue increased to SGD 533,492 for the six months ended December 31, 2019, compared to SGD 665,941 in the same period of 2018, reflecting a decrease of 19.9%[41] - AAS services revenue remained stable at SGD 437,772 for both the six months ended December 31, 2019, and 2018[41] Expenses - The company experienced a decrease in administrative expenses to SGD 769,421 for the three months ended December 31, 2019, from SGD 849,794 in the same period of 2018, reflecting a reduction of 9.4%[5] - Total employee costs, including directors' remuneration, amounted to SGD 1,742,290 for the six months ended December 31, 2019, an increase from SGD 1,488,115 in the previous year, representing a rise of 17.0%[48] - Administrative expenses increased by approximately SGD 18,000 or 1.4% to about SGD 1.37 million, primarily due to rising labor costs[123] Shareholder Information - As of December 31, 2019, Mr. Mong King Yiu and Ms. Chuang Siu Lan jointly hold 407,700,000 shares, representing 50.96% of the company's ordinary shares[155] - The major shareholders include Express Ventures with 407,700,000 shares (50.96%) and Peng Hsiu Min with 41,650,000 shares (5.21%) as of December 31, 2019[160] Corporate Governance - The company has adopted corporate governance practices in line with GEM listing rules to enhance transparency and accountability[171] - The audit committee, consisting of three independent non-executive directors, oversees financial reporting and internal controls[173] Future Outlook - The company plans to continue focusing on the sales, installation, and maintenance of audio and communication systems, as well as alarm systems, to drive future growth[113] - The company is cautiously optimistic about business expansion opportunities in Singapore and the Asia-Pacific region[117]
ISP GLOBAL(08487) - 2020 - 中期财报