Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 102,618,000, a slight increase from HKD 101,732,000 in 2023, representing a growth of approximately 0.87%[3] - Net profit increased by 112.1% to HKD 7,022,000, compared to HKD 3,308,000 in 2023, with basic earnings per share rising to HKD 1.17 from HKD 0.74[4] - Revenue for the six months ended June 30, 2024, was HKD 102,618,000, an increase of 0.87% compared to HKD 101,732,000 for the same period in 2023[17] - The net profit for the period was HKD 7,022,000, representing a significant increase of 112.5% from HKD 3,308,000 in the previous year[18] - Total comprehensive income for the period amounted to HKD 6,987,000, up from HKD 3,304,000 in the prior year, marking a 111.5% increase[18] - The group's total other income and gains for the six months ended June 30, 2024, was HKD 3,316,000, significantly up from HKD 754,000 in 2023, indicating a substantial increase of 339.5%[30] Digital Advertising - Digital advertising revenue reached HKD 99,013,000, up from HKD 97,082,000 in 2023, accounting for 96.5% of total revenue, compared to 95.5% in the previous year[4] - Digital advertising revenue (excluding programmatic advertising) increased to HKD 89,082,000 in 2024 from HKD 83,282,000 in 2023, reflecting a growth of 6.6%[28] - The group aims to enhance its digital advertising solutions, which are expected to become a major market driver in the long term[11] - The group is optimistic about its growth prospects in the digital advertising market despite economic challenges[11] Dividends - The company declared an interim dividend of HKD 1.67 per share for the period[4] - The board declared an interim dividend of HKD 0.0167 per share, totaling approximately HKD 10 million, to be paid on September 27, 2024[15] - The board declared an interim dividend of HKD 0.0167 per share for the current period, totaling HKD 10,020,000, slightly up from HKD 10,000,000 in 2023[35] Financial Position - As of June 30, 2024, the group's cash and cash equivalents amounted to HKD 156.8 million, an increase from HKD 142.7 million as of December 31, 2023[12] - The group has no bank borrowings, resulting in a debt-to-equity ratio of zero as of June 30, 2024, compared to 0.4% as of December 31, 2023[12] - The group's current assets and current liabilities were approximately HKD 218.5 million and HKD 40.7 million, respectively, leading to a current ratio of 5.4[12] - The company reported a decrease in trade receivables to HKD 55,702,000 from HKD 62,663,000, a reduction of 11.5%[19] - Non-current assets decreased to HKD 69,750,000 from HKD 75,831,000, a decline of 8%[19] - Current liabilities increased slightly to HKD 40,709,000 from HKD 36,205,000, an increase of 12.5%[19] - The company’s total assets less current liabilities stood at HKD 247,504,000, down from HKD 252,362,000, a decrease of 1.9%[19] - The company maintained a stable cash position with cash and cash equivalents totaling HKD 156,810,000, compared to HKD 142,738,000 in the previous year[19] - The company’s equity attributable to owners decreased slightly to HKD 200,518,000 from HKD 200,731,000, a marginal decline of 0.1%[21] Operational Highlights - The group operates nine media brands, covering various content areas including dining, fashion, travel, and finance, enhancing its market presence[5][6] - The company has a strong digital market presence with millions of subscribers across its platforms, providing an ideal platform for advertisers to engage with consumers[7] - The group received multiple awards at the 8th Media Transformation Awards, recognizing its efforts in technology transformation and innovative news delivery[8] - The company offers a wide range of advertising products and services across multiple media platforms, including creative production and strategic services[9] - The group has established a diverse client base, including multinational corporations and SMEs, leveraging its extensive history in the media industry[10] Employee Costs - Employee costs for the period were approximately HKD 50.5 million, an increase from HKD 48.9 million in 2023, with a total employee count of 230[14] - The group’s employee benefits expenses, including salaries and bonuses, amounted to HKD 50,491,000 for the six months ended June 30, 2024, compared to HKD 48,857,000 in 2023, an increase of 3.34%[31] IPO and Future Plans - The net proceeds from the IPO amounted to approximately HKD 103.5 million, with 44.5% allocated to expanding and enhancing the product line[13] - The group plans to utilize 26.3% of the IPO proceeds for mergers and acquisitions in the media or e-commerce sectors[13] - The group maintains a strong liquidity position, allowing for high flexibility in future development plans[12]
新传企划(01284) - 2024 - 中期业绩