Financial Performance - Revenue for the three months ended March 31, 2019, was SGD 5,702,000, a decrease of 10.3% from SGD 6,359,000 in the same period of 2018[5] - Gross profit for the same period was SGD 1,429,000, down 14.1% from SGD 1,663,000 year-over-year[5] - The company reported a profit before tax of SGD 83,000, slightly down from SGD 86,000 in the prior year[5] - Net profit attributable to owners of the company was SGD 47,000, compared to SGD 49,000 in the same quarter of 2018[5] - Basic and diluted earnings per share remained stable at SGD 0.01 for both 2019 and 2018[5] - The company's profit for the three months ended March 31, 2019, was approximately SGD 51,000, compared to SGD 44,000 for the same period in 2018, representing an increase of about 15.9%[22] - Revenue decreased by approximately SGD 0.7 million or about 10.3%, from approximately SGD 6.4 million for the three months ended March 31, 2018, to approximately SGD 5.7 million for the same period in 2019[25] - Overall gross profit decreased by approximately SGD 0.2 million or about 14.1%, from approximately SGD 1.7 million in 2018 to approximately SGD 1.4 million in 2019[27] - The overall gross margin for the three months ended March 31, 2019, was 25.1%, compared to 26.2% for the same period in 2018[27] Costs and Expenses - Financing costs increased to SGD 94,000 from SGD 51,000, reflecting higher borrowing costs[5][15] - The cost of sales decreased by approximately SGD 0.4 million or about 9.0%, from approximately SGD 4.7 million in 2018 to approximately SGD 4.3 million in 2019[26] - Selling and distribution costs decreased by approximately SGD 0.2 million or about 30.7%, from approximately SGD 0.8 million in 2018 to approximately SGD 0.5 million in 2019[28] - Administrative and other operating expenses increased by approximately SGD 0.2 million or about 16.5%, from approximately SGD 0.9 million in 2018 to approximately SGD 1.1 million in 2019[30] Equity and Dividends - The company’s total equity attributable to owners as of March 31, 2019, was SGD 17,654,000, a decrease from SGD 17,973,000 at the beginning of the year[7] - The company did not declare any dividends for the three months ended March 31, 2019, consistent with the previous year[18] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[43] - All directors confirmed compliance with the trading standards for securities transactions during the three months ending March 31, 2019[44] - The audit committee was established in accordance with the GEM Listing Rules and consists of three independent non-executive directors and one non-executive director[46] - The audit committee's main responsibilities include recommending the appointment and removal of external auditors, reviewing financial statements, and monitoring the company's risk management and internal control systems[46] - The company has maintained a high level of corporate governance to protect shareholder interests and enhance corporate value[43] Shareholding and Ownership - Packman Global Holdings Limited holds 302,000,000 shares, representing a 50.33% equity stake in the company[34] - The major shareholders, including Mr. Chen Shao Yi and Mr. Ni Chao Xiang, each hold 302,000,000 shares, equating to 50.33% ownership[36] - The beneficial ownership of shares is shared among Mr. Chen, Mr. Ni, and Mr. Chen Zhi, each holding approximately 33.3% of Packman Global[34] Future Outlook - Future outlook remains cautious due to market volatility and potential risks associated with the GEM listing[2] - The company continues to focus on its core business in food supply and investment holding, with no new product launches or major acquisitions reported during the quarter[10][11] - The company did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the three months ended March 31, 2019[20] - As of March 31, 2019, the company had a contingent liability of SGD 550,000 related to performance bonds issued for certain suppliers[19] Share Options and Securities - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending March 31, 2019[38] - No share options have been granted under the share option scheme since its adoption on August 30, 2017[39] - The company aims to attract and retain qualified personnel through its share option plan[39] - There are no reported conflicts of interest or competitive businesses involving directors or major shareholders during the reporting period[41]
COOL LINK(08491) - 2019 Q1 - 季度财报