Financial Performance - For the three months ended September 30, 2021, the revenue was SGD 7,534,000, a 1.2% increase from SGD 7,446,000 in the same period of 2020[6] - The gross profit for the same period was SGD 1,849,000, representing a 20.4% increase compared to SGD 1,536,000 in 2020[6] - The net profit for the three months ended September 30, 2021, was SGD 1,365,000, compared to a loss of SGD 101,000 in the same period of 2020[6] - For the nine months ended September 30, 2021, the total revenue was SGD 21,921,000, an increase of 6.6% from SGD 20,557,000 in 2020[6] - The net profit for the nine months ended September 30, 2021, was SGD 1,653,000, compared to a loss of SGD 159,000 in the same period of 2020[6] - Basic and diluted earnings per share for the three months ended September 30, 2021, was SGD 2.91, compared to a loss of SGD 0.33 in 2020[6] - Basic earnings per share for the nine months ended September 30, 2021, was approximately SGD 0.044, compared to a loss per share of SGD 0.005 in the same period of 2020[22] - The company reported a profit of approximately SGD 1.7 million for the nine months ended September 30, 2021, compared to a loss of approximately SGD 0.2 million for the same period in 2020[38] Income and Expenses - The company reported other income of SGD 1,462,000 for the three months ended September 30, 2021, significantly up from SGD 212,000 in the same period of 2020[6] - The company recorded rental income from investment properties of SGD 325,000 for the nine months ended September 30, 2021, compared to SGD 276,000 in the same period of 2020[18] - The company incurred financing costs of SGD 473,000 for the nine months ended September 30, 2021, down from SGD 577,000 in the same period of 2020[19] - The company’s total other income for the nine months ended September 30, 2021, was SGD 2.907 million, significantly higher than SGD 0.608 million in the same period of 2020[18] - Cost of sales rose by approximately SGD 0.6 million or about 3.9% to approximately SGD 16.5 million for the same period, in line with revenue growth[32] - Administrative and other operating expenses increased by approximately SGD 1.3 million or about 38.8% to approximately SGD 4.8 million, primarily due to expansion-related costs and share option expenses[35] - Financing costs decreased by approximately SGD 0.1 million or about 18.0% to approximately SGD 0.5 million, mainly due to reduced bank borrowing interest expenses[37] Equity and Liabilities - The company’s total equity attributable to owners as of September 30, 2021, was SGD 23,199,000, an increase from SGD 15,658,000 at the beginning of the year[8] - The company’s total liabilities related to performance bonds increased to SGD 966,000 as of September 30, 2021, from SGD 600,000 in 2020[26] Corporate Actions - The company did not declare any dividends for the nine months ended September 30, 2021, consistent with the previous year[25] - The company raised approximately HKD 8.3 million from the placement of 120,000,000 new shares at HKD 0.071 per share, intended for debt repayment[39] - The company completed a rights issue on August 23, 2021, raising approximately HKD 17.7 million, with the net proceeds primarily used for debt repayment[43] - As of September 30, 2021, the net proceeds from the rights issue were utilized as planned, with HKD 16.3 million used for debt repayment[44] - No significant investments, acquisitions, or disposals of subsidiaries or associates were reported for the nine months ended September 30, 2021[45] Shareholder Information - As of September 30, 2021, the total number of issued ordinary shares was 58,320,000, with significant shareholdings by Mr. Chen Shao Yi (16.78%) and Mr. Ni Chao Xiang (11.44%)[47] - The total number of shares held by major shareholders includes 5,800,000 shares (9.95%) held by Yang Lian Na[50] Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, ensuring shareholder rights and enhancing corporate value[62] - All directors confirmed compliance with the trading standards set forth in GEM listing rules, with no non-compliance incidents reported for the nine months ending September 30, 2021[63] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2021, ensuring compliance with applicable accounting standards and full disclosure[65] Employee Incentives - A stock option plan was adopted on August 30, 2017, allowing the company to grant options to attract and retain qualified individuals, with a total of 57,600,000 options granted as of September 30, 2021[54] - No stock options were granted, exercised, canceled, or expired during the nine months ended September 30, 2021[57] - A share award plan was adopted on September 14, 2021, aimed at rewarding and incentivizing eligible participants for their contributions to the group's growth, with no awards granted as of September 30, 2021[58] - The company aims to attract and retain suitable talent through the share award plan to promote further development[58] - The stock option plan is designed to enhance the interests of the company and its shareholders by incentivizing contributions from qualified individuals[53]
COOL LINK(08491) - 2021 Q3 - 季度财报