Financial Performance - Revenue for the three months ended December 31, 2018, was SGD 8,898,000, an increase from SGD 6,313,000 in the same period of 2017, representing a growth of approximately 41%[9] - Gross profit for the same period was SGD 1,321,000, compared to SGD 1,313,000 in 2017, indicating a slight increase of 0.6%[9] - The net profit attributable to equity holders for the three months was SGD 106,000, down from SGD 866,000 in the previous year, reflecting a decrease of approximately 87%[30] - Basic and diluted earnings per share for the quarter were SGD 0.14, compared to SGD 0.23 in the same quarter of 2017, a decline of about 39%[32] - Revenue for the nine months ended December 31, 2018, was SGD 23,964,000, an increase from SGD 18,495,000 in the same period of 2017, representing a growth of 29.9%[34] - Gross profit for the nine months ended December 31, 2018, was SGD 4,291,000, slightly down from SGD 4,304,000 in the previous year, indicating a decrease of 0.3%[34] - The net profit attributable to equity holders for the nine months ended December 31, 2018, was SGD 475,000, compared to SGD 1,721,000 in the same period of 2017, reflecting a decline of 72.3%[34] - Basic and diluted earnings per share for the nine months ended December 31, 2018, was SGD 0.11, down from SGD 0.32 in the previous year[34] Expenses and Costs - Total sales and distribution expenses for the quarter were SGD 657,000, an increase from SGD 583,000 in the previous year, showing a rise of approximately 12.7%[9] - Other income for the quarter was SGD 117,000, significantly lower than SGD 1,401,000 in the same period of 2017, a decrease of about 91.6%[9] - The company incurred financing costs of SGD 283,000 for the nine months ended December 31, 2018, compared to SGD 149,000 in the same period of 2017, reflecting an increase of 89.9%[34] - The company’s administrative expenses for the nine months ended December 31, 2018, included listing expenses of SGD 1,605,000, which was significantly higher than SGD 853,000 in the previous year[34] - Total costs for the nine months ended December 31, 2018, amounted to SGD 26,391,000, an increase from SGD 19,718,000 in the previous year, reflecting a rise in operational expenses[83] - Employee benefits for the nine months ended December 31, 2018, were SGD 4,177,000, up from SGD 3,299,000 in the same period of 2017, showing a 26.5% increase[83] Income and Profitability - The total comprehensive income for the nine months ended December 31, 2018, was SGD 1,023,000, compared to SGD 866,000 in the same period of 2017, an increase of approximately 18%[30] - The company reported a loss before tax of SGD 812,000 for the nine months ended December 31, 2018, compared to a profit of SGD 2,252,000 in the same period of 2017[34] - The company reported a pre-tax profit of SGD 732,000 for the quarter, with a total profit of SGD 1,100,000 for the nine-month period ending December 31, 2018[64] - The company reported a pre-tax profit of SGD 645,000 for the nine months ended December 31, 2018, compared to SGD 1,723,000 for the same period in 2017[71] Revenue Segmentation - Total revenue for the fresh eggs segment was SGD 5,455,000, while the processed eggs segment generated SGD 3,443,000, leading to a combined total revenue of SGD 8,898,000[62] - Total revenue for the nine months ended December 31, 2018, was SGD 23,964,000, with fresh eggs contributing SGD 14,546,000 and processed eggs contributing SGD 9,418,000[68] - Revenue from fresh eggs accounted for approximately 61% of total revenue, increasing from approximately SGD 10.5 million to approximately SGD 14.5 million, driven by higher sales volume[99] - Revenue from processed eggs accounted for approximately 39% of total revenue, rising from approximately SGD 8.0 million to approximately SGD 9.4 million, primarily due to increased sales of pasteurized liquid eggs and peeled hard-boiled eggs[100] Investments and Future Plans - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[8] - The company plans to invest approximately SGD 4.5 million in building and operating a quail farm on a site provided by the Singapore government, with the investment funded through internal resources and bank loans[94] - The company expects to start production of fresh eggs from expanded facilities in early 2020, with overall capital expenditure completion anticipated by the end of 2021[94] Governance and Compliance - The board confirmed that the financial information presented is accurate and complete, ensuring no misleading elements are present[8] - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting and internal controls[126] - The company has established an audit committee to oversee financial reporting and risk management systems[126] - The unaudited consolidated financial statements for the nine months ending December 31, 2018, were reviewed and deemed compliant with applicable accounting standards[126] - The company is committed to transparency and has made sufficient disclosures as per legal requirements[126] Shareholding Structure - Radiant Grand International Limited holds 294,800,000 shares, representing approximately 58.96% of the company's shares[123] - Elite Ocean Ventures Limited owns 80,200,000 shares, accounting for about 16.04% of the company's shares[123] - Mr. Lin Youwen and Ms. Tan Bee Hong each have a controlled interest in 80,200,000 shares, also representing 16.04%[123] Other Information - The company has not adopted any new or revised International Financial Reporting Standards that have been issued but are not yet effective[58] - The accounting policy changes related to IFRS 9 and IFRS 15 have been retrospectively adopted without any financial impact[56][57] - The company has not disclosed any geographical segment information as it primarily operates in Singapore[73] - The company did not recommend any dividend payment for the nine months ended December 31, 2018, consistent with the previous year[91] - The company has established a wholly-owned subsidiary, Qualico Eggs Pte. Ltd., after the reporting period[92]
永续农业(08609) - 2019 Q3 - 季度财报