Financial Performance - For the third quarter ended September 30, 2021, the company reported revenue of SGD 2,451,000, a decrease of 32% from SGD 3,619,000 in the same period last year[11]. - Gross profit for the third quarter was SGD 1,714,000, down 35% from SGD 2,658,000 year-on-year[11]. - The company incurred a loss before tax of SGD 549,000, compared to a loss of SGD 257,000 in the previous year[11]. - The net loss attributable to equity holders for the third quarter was SGD 555,000, compared to a loss of SGD 263,000 in the same quarter last year[11]. - Total comprehensive loss for the third quarter was SGD 541,000, compared to a loss of SGD 315,000 in the same period last year[11]. - Employee benefits expenses for the third quarter were SGD 1,339,000, slightly down from SGD 1,425,000 in the previous year[11]. - The company reported other income and gains of SGD 1,163,000, an increase from SGD 589,000 year-on-year[11]. - The company’s total revenue for the nine months ended September 30, 2021, was SGD 9,369,000, compared to SGD 8,570,000 in the previous year, reflecting a growth of 9.3%[11]. - For the nine months ended September 30, 2021, the company reported a total comprehensive loss of SGD 2,068,000, compared to a loss of SGD 2,429,000 for the same period in 2020[13]. - The company recorded government grants totaling SGD 9,369,000 for the nine months ended September 30, 2021, compared to SGD 8,570,000 in the same period of 2020, reflecting a year-on-year increase of 9.3%[22]. - The company’s total equity as of September 30, 2021, was SGD 3,998,000, a decrease from SGD 5,657,000 as of September 30, 2020[13]. - The company’s revenue from the bakery business for the nine months ended September 30, 2021, was SGD 2,015,000, a decrease of 8.8% from SGD 2,211,000 in the same period of 2020[22]. - The company reported a foreign exchange gain of SGD 50,000 for the nine months ended September 30, 2021, compared to a gain of SGD 61,000 in the same period of 2020[13]. - The company reported a basic loss per share of (0.42) Singapore cents for the nine months ended September 30, 2021, compared to (0.50) Singapore cents for the same period in 2020[27]. - Revenue increased by approximately 0.80 million Singapore dollars or 9.3% to 9.37 million Singapore dollars for the nine months ended September 30, 2021, from 8.57 million Singapore dollars for the same period in 2020[38]. - Cost of goods sold increased by approximately 0.14 million Singapore dollars or 6.0% to 2.51 million Singapore dollars for the nine months ended September 30, 2021, from 2.37 million Singapore dollars for the same period in 2020[39]. - Other income decreased by approximately 0.24 million Singapore dollars or 10.1% to 2.11 million Singapore dollars for the nine months ended September 30, 2021, from 2.34 million Singapore dollars for the same period in 2020[40]. - The group recorded losses of approximately SGD 2.12 million and SGD 2.49 million for the nine months ended September 30, 2021, and 2020, respectively, with the 2021 loss mainly attributed to the ongoing impact of COVID-19 on revenue[45]. Operational Strategies - The company plans to continue focusing on cost management and exploring new market opportunities to improve financial performance moving forward[10]. - The company is exploring business development opportunities in mainland China, particularly in the health and wellness market for the elderly[36]. - The company aims to improve its business performance by seeking collaboration opportunities in mainland China due to the strong economic recovery and consumer power compared to Singapore and Malaysia[35]. - The company will continue to adopt cost-saving measures to offset the impact of COVID-19 on its operations in Singapore and Malaysia[35]. - The company has identified several potential business opportunities and is conducting preliminary research on possible projects[36]. - The company acknowledges the ongoing challenges posed by COVID-19 and remains cautious in its operational and business development strategies[32]. Capital and Investments - The net proceeds from the share offering amounted to approximately HKD 23.7 million, with 76.4% allocated to continue expanding the restaurant business in Singapore[47]. - As of September 30, 2021, approximately HKD 1.9 million of the net proceeds remained unutilized, primarily due to the slowdown in expansion caused by the COVID-19 pandemic[54]. - A new café under the "Café Q" brand is set to open on Orchard Road on October 25, 2021, as part of the company's expansion strategy in Singapore[50]. - The company has fully utilized funds for establishing a new headquarters and increasing workforce in Singapore[51]. - Funds have been fully allocated to marketing activities to enhance brand visibility in Singapore and Malaysia[52]. - The company has fully utilized funds for upgrading IT systems in restaurants and retail outlets[53]. Corporate Governance - The company is committed to high standards of corporate governance, although the roles of Chairman and CEO are held by the same individual[70]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[76]. - The audit committee reviewed the group's unaudited interim results for the nine months ending September 30, 2021[73]. - The company did not recommend any interim dividend for the nine months ended September 30, 2021, consistent with the previous year[26]. - The company has not established any arrangements for directors or senior management to acquire securities of the company or its affiliates from the date of listing until September 30, 2021[61]. - The company has not granted any share options since the adoption of the share option scheme on April 4, 2018, until September 30, 2021[68]. - There were no significant investments, acquisitions, or disposals by the group for the nine months ending September 30, 2021[75]. - No related party transactions were conducted by the group for the nine months ending September 30, 2021[65]. - The company did not purchase, sell, or redeem any of its listed securities from the date of listing until September 30, 2021[66].
聚利宝控股(08527) - 2021 Q3 - 季度财报