Financial Performance - For the three months ended March 31, 2020, the revenue was SGD 6,573,000, an increase of 15.2% compared to SGD 5,702,000 for the same period in 2019[5] - Gross profit for the same period was SGD 1,671,000, representing a gross margin of 25.4%, up from SGD 1,429,000 in 2019[5] - Profit before tax for the period was SGD 48,000, down from SGD 83,000 in 2019, indicating a decline of 42.2%[5] - The net profit attributable to owners of the company was SGD 23,000, compared to SGD 47,000 in the same period last year, a decrease of 51.1%[5] - Basic and diluted earnings per share for the period were SGD 0.004, down from SGD 0.008 in 2019[5] - The company reported a total comprehensive income of SGD 19,000 for the period, down from SGD 51,000 in the previous year[5] - Revenue for the three months ended March 31, 2020, increased by approximately SGD 0.9 million or 15.3% to approximately SGD 6.6 million, compared to approximately SGD 5.7 million for the same period in 2019[25] - Gross profit for the same period increased by approximately SGD 0.3 million or 16.9% to approximately SGD 1.7 million, with gross profit margins stable at 25.4% compared to 25.1% in 2019[27] - The company recorded a profit of approximately SGD 19,000 for the three months ended March 31, 2020, down from approximately SGD 51,000 in the same period of 2019[32] Expenses and Costs - Other income and gains decreased to SGD 169,000 from SGD 355,000 year-on-year, primarily due to a reduction in one-off promotional fees and gains from financial assets[14] - The financing costs increased to SGD 165,000, up from SGD 94,000 in the previous year, reflecting higher bank borrowing interest[15] - The company's administrative and other operating expenses increased by approximately SGD 0.1 million or 10.0% to approximately SGD 1.2 million, primarily due to increased depreciation from expanded warehouse and production facilities[30] - The company’s financing costs increased by approximately SGD 0.1 million or 75.5% to approximately SGD 0.2 million, mainly due to increased leasing liabilities and bank borrowing interest expenses[31] Shareholder Information - The total equity attributable to owners of the company as of March 31, 2020, was SGD 15,735,000, a slight increase from SGD 15,677,000 at the end of 2019[7] - The company has a total of 302,000,000 shares held by major shareholders, representing a 50.33% equity stake[34] - Packman Global Holdings Limited, controlled by key executives, holds 302,000,000 shares, also accounting for 50.33% of the equity[36] - The company’s major shareholders include Mr. Chen Shao Yi and Mr. Ni Chao Xiang, each holding 302,000,000 shares[34] 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 and code of conduct for securities transactions during the three months ending March 31, 2020[44] - The company maintains a high level of corporate governance to protect shareholder interests and enhance corporate value[43] - The audit committee was established according to 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 overseeing risk management and internal control systems[46] - The unaudited consolidated financial statements for the three months ended March 31, 2020, were reviewed by the audit committee[46] Business Strategy and Challenges - The company continues to focus on its core food supply business while exploring opportunities for market expansion and new product development[10] - The company faces challenges in the upcoming year due to intense industry competition and the global outbreak of COVID-19, but it aims to promote its brand and seize business opportunities[23] - The company did not declare any dividends for the three months ended March 31, 2020, consistent with the previous year[19] - There were no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[21] - No competitive business activities or conflicts of interest were reported by directors or major shareholders during the reporting period[41] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending March 31, 2020[38] - There were no stock options granted, exercised, expired, or canceled during the reporting period, nor any unexercised stock options under the stock option plan[40] - The company aims to attract and retain qualified individuals through its stock option plan, enhancing shareholder value[39] - Contingent liabilities related to performance bonds issued to suppliers remained unchanged at SGD 550,000 for both 2020 and 2019[20]
COOL LINK(08491) - 2020 Q1 - 季度财报