Financial Performance - For the three months ended September 30, 2020, the revenue was SGD 7,446,000, representing a 25.5% increase from SGD 5,916,000 in the same period of 2019[6]. - The gross profit for the same period was SGD 1,536,000, which is a 2.8% increase compared to SGD 1,494,000 in 2019[6]. - The total comprehensive loss for the three months ended September 30, 2020, was SGD 101,000, compared to a profit of SGD 133,000 in the same period of 2019[6]. - For the nine months ended September 30, 2020, the revenue increased to SGD 20,557,000, up 19.5% from SGD 17,194,000 in 2019[6]. - The gross profit for the nine months was SGD 4,645,000, a 5.8% increase from SGD 4,389,000 in the previous year[6]. - The net loss attributable to owners for the nine months was SGD 156,000, compared to a loss of SGD 323,000 in the same period of 2019[6]. - The basic and diluted loss per share for the three months was SGD (0.02), compared to a profit of SGD 0.02 in 2019[6]. - The company recorded a loss of SGD 156,000 for the nine months ended September 30, 2020, which is an improvement from a loss of SGD 323,000 in the same period of 2019, indicating a reduction in losses by approximately 51.7%[24]. - The company’s basic loss per share for the nine months ended September 30, 2020, was SGD 0.00026, an improvement from SGD 0.00054 in the same period of 2019[24]. Income and Expenses - The company reported other income and gains of SGD 212,000 for the three months, down from SGD 395,000 in the same period of 2019[6]. - The total administrative and other operating expenses for the three months were SGD 1,168,000, an increase from SGD 1,086,000 in 2019[6]. - Interest expenses for the nine months ended September 30, 2020, totaled SGD 577,000, which is a 86.3% increase from SGD 310,000 in the same period of 2019[21]. - The company’s financing costs increased significantly, with borrowing interest rising to SGD 398,000 for the nine months ended September 30, 2020, compared to SGD 241,000 in the same period of 2019[21]. - The company’s total other income for the nine months ended September 30, 2020, was SGD 608,000, an increase from SGD 467,000 in the same period of 2019[20]. - Selling and distribution costs decreased by approximately SGD 0.2 million or 13.3% to approximately SGD 1.3 million, attributed to improved distribution channel efficiency[35]. - Administrative and other operating expenses increased by approximately SGD 0.2 million or 6.1% to approximately SGD 3.5 million, primarily due to increased depreciation from the relocation to expanded warehouse and production facilities[37]. - Financing costs increased by approximately SGD 0.3 million or 86.1% to approximately SGD 0.6 million, mainly due to higher lease liabilities and bank borrowing interest expenses[38]. Government Support and Investments - The company received government grants amounting to SGD 371,000 for the nine months ended September 30, 2020, compared to SGD 28,000 in the same period of 2019, reflecting a significant increase in support[20]. - The company has not made any significant investments, acquisitions, or disposals of subsidiaries and associates during the nine months ended September 30, 2020[28]. - The company did not declare any dividends for the nine months ended September 30, 2020, consistent with the previous year[26]. - As of September 30, 2020, the company did not engage in any purchase, sale, or redemption of its listed securities during the nine months[45]. - The company has not granted any share options under the share option scheme since its adoption on August 30, 2017, with no options granted, exercised, cancelled, or lapsed[47]. Business Operations and Strategy - The company continues to focus on its core food supply business while exploring potential market expansion opportunities[10]. - The company continues to supply food to ship chandlers, retailers, and the food service industry, maintaining its operational capabilities despite the challenges posed by COVID-19[29]. - The company aims to promote its brand and capture business opportunities despite challenges posed by COVID-19 and market competition[30]. - The acquisition of a new property in Singapore in March 2018 is expected to lower third-party warehouse rental costs and improve financial performance[30]. - The company is actively seeking new business opportunities to maximize overall benefits for shareholders while contributing to society in the fight against COVID-19[30]. Compliance and Governance - The company maintained compliance with the corporate governance code as per GEM Listing Rules Appendix 15 throughout the nine months ending September 30, 2020[49]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2020[53].
COOL LINK(08491) - 2020 Q3 - 季度财报