Financial Performance - For the three months ended March 31, 2021, Cool Link (Holdings) Limited reported revenue of SGD 7,160,000, an increase of 8.9% compared to SGD 6,573,000 for the same period in 2020[4] - The gross profit for the same period was SGD 1,723,000, representing a gross margin of 24.1%, compared to SGD 1,671,000 in 2020[4] - The company recorded a profit before tax of SGD 915,000, a substantial increase from SGD 48,000 in the previous year[4] - The net profit attributable to owners of the company for the period was SGD 885,000, compared to SGD 23,000 in the same period last year[4] - Basic and diluted earnings per share for the period were SGD 0.14, up from SGD 0.004 in 2020[4] - The overall profit for the three months ended March 31, 2021, was approximately SGD 884,000, a significant increase from SGD 19,000 in the same period of 2020, primarily due to gains from the sale of investment properties[30] Income and Expenses - Other income and gains increased significantly to SGD 1,324,000 from SGD 169,000 year-on-year, primarily due to gains from the sale of investment properties[12] - Financing costs decreased to SGD 140,000 from SGD 165,000, reflecting improved cost management[13] - The company’s administrative and other operating expenses rose to SGD 1,591,000 from SGD 1,196,000, indicating increased operational costs[4] - Administrative and other operating expenses increased by approximately SGD 0.4 million or 33.0% to approximately SGD 1.6 million, primarily due to increased salaries and operating expenses[27] - Financing costs decreased by approximately SGD 25,000 or 15.2% to approximately SGD 140,000, mainly due to reduced bank borrowing interest expenses[29] Equity and Liabilities - The total equity attributable to owners of the company increased to SGD 17,706,000 as of March 31, 2021, from SGD 15,735,000 at the end of the previous year[5] - The company has contingent liabilities of SGD 925,000 related to performance bonds for certain suppliers, an increase from SGD 550,000 in the previous year[18] Business Strategy and Developments - Cool Link (Holdings) Limited continues to focus on its core business in food supply while exploring opportunities for market expansion and new product development[8] - The company completed the acquisition of a company engaged in the distribution of disinfectant and sterilization products for HKD 45 million (approximately SGD 7.8 million) on January 15, 2021, to expand its revenue sources[21] Shareholder Information - The company did not declare any dividends for the three months ended March 31, 2021, consistent with the previous year[17] - The company issued 120,000,000 new shares at HKD 0.071 per share, raising approximately HKD 8.3 million for repaying interest-bearing notes[31] Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the three-month period ending March 31, 2021[42] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three-month period ending March 31, 2021[45] - As of March 31, 2021, there were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three-month period[38] - The company has not granted, exercised, expired, or cancelled any share options under the share option scheme during the three-month period ending March 31, 2021[40]
COOL LINK(08491) - 2021 Q1 - 季度财报