Financial Performance - Total revenue for the six months ended June 30, 2024, was $5,070,000, compared to $3,953,000 for the same period in 2023, representing a year-over-year increase of approximately 28.2%[1] - The pre-tax profit for the period was $1,278,000, a significant improvement from a loss of $983,000 in the prior year[2] - The total comprehensive income attributable to the owners of the company for the period was $1,278,000, compared to a loss of $1,232,000 in the previous year[2] - The company reported a basic earnings per share of $0.12, compared to a loss per share of $0.09 in the same period last year[2] - The total revenue for the shipping segment was $5,070,000 for the six months ended June 30, 2024, with a segment profit of $2,170,000[11] - The company reported a pre-tax profit of $1,278,000 for the six months ended June 30, 2024, compared to a pre-tax loss of $983,000 for the same period in 2023[17] - The shipping business recorded a profit increase of 173% to $2,170,000, up from $796,000 in the previous year[29] - The group recorded a profit attributable to owners of $1,278,000 for the first half of 2024, compared to a loss of $983,000 for the same period in 2023[35] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled $38,889,000, a decrease from $40,227,000 as of December 31, 2023[3] - Current assets increased to $20,574,000 from $18,807,000 as of December 31, 2023, indicating improved liquidity[3] - Total liabilities decreased to $1,087,000 from $1,927,000, reflecting a reduction in current liabilities[4] - The total equity attributable to the owners of the company increased to $58,376,000 from $57,098,000, showing a positive trend in shareholder value[4] - Current assets increased to $20,574,000 as of June 30, 2024, compared to $18,807,000 at the end of 2023, reflecting a strong liquidity position[36] - The current ratio improved to approximately 18.93, significantly higher than 9.76 at the end of 2023, indicating robust financial health[36] Expenses and Income - The total company expenses for the six months ended June 30, 2024, were $737,000[12] - Employee benefits expenses totaled $417,000 for the six months ended June 30, 2024, compared to $347,000 in the same period of 2023[15] - The company reported bank interest income of $385,000 for the six months ended June 30, 2024, compared to $311,000 in the previous year[14] - Financial costs decreased by 83% to $19,000 due to the repayment of all borrowings during the period[36] - Bank interest income grew by 24% to $385,000, driven by increased surplus funds and higher bank deposit rates[36] Vessel and Impairment - The company incurred a vessel impairment loss of $299,000 during the reporting period, compared to a reversal of impairment loss of $109,000 in the previous year[19] - The total fair value of the company's vessels was $27,963,000 as of June 30, 2024, down from $28,919,000 at the end of 2023[19] - The company confirmed a vessel impairment loss of $299,000 for the first half of 2024, compared to a reversal of impairment loss of $109,000 in the same period of 2023[30] Dividends and Corporate Actions - The company did not declare or propose any dividends for the six months ended June 30, 2024, consistent with the previous year[18] - The company did not declare an interim dividend for the first half of 2024, consistent with the previous year[27] Strategic Outlook - The company has not reported any significant new product developments or market expansions during this period[1] - There were no major acquisitions or strategic changes mentioned in the earnings call[1] - The company is evaluating opportunities to acquire a second-hand vessel within the next twelve months[30] - The company raised $9,148,000 from a public offering, with $5,800,000 allocated for operating capital in the shipping business[37] - The outlook for the shipping business remains cautiously optimistic amid global economic recovery, despite geopolitical uncertainties[38] - The commodity trading business remains temporarily suspended with no recorded revenue or profit for the first half of 2024[33] Governance - The company has adhered to all applicable corporate governance codes as of June 30, 2024[39]
勇利投资(01145) - 2024 - 中期业绩