Revenue and Profitability - Revenue for the six months ended June 30, 2024, was SGD 31,443,294, a slight decrease of 1.06% compared to SGD 31,780,569 for the same period in 2023[1] - Gross profit for the same period was SGD 10,272,157, down from SGD 10,702,228, reflecting a decrease of 4.02%[1] - The pre-tax profit for the period was SGD 3,745,406, an increase of 5.74% from SGD 3,542,229 in 2023[1] - Basic and diluted earnings per share rose to SGD 0.26, up from SGD 0.24, representing an increase of 8.33%[1] - Total revenue for the group was SGD 31,443,294 in 2024, slightly down from SGD 31,780,569 in 2023, a decrease of 1.1%[9] - The group's profit before tax increased to SGD 3,745,406 in 2024 from SGD 3,542,229 in 2023, an increase of 5.7%[9] - Net profit increased from approximately SGD 3.1 million for the six months ended June 30, 2023, to approximately SGD 3.3 million for the same period in 2024, with net profit margin rising from 9.7% to 10.5%[34] Income and Expenses - Other income increased significantly to SGD 952,151, compared to SGD 417,702 in the previous year, marking a growth of 128.73%[1] - Other income rose significantly to SGD 952,151 in 2024 from SGD 417,702 in 2023, an increase of 128.7%[10] - Other income recorded for the six months ended June 30, 2023, and 2024 was approximately SGD 0.4 million and SGD 1.0 million respectively, primarily driven by additional government subsidies and increased interest income from fixed deposits[30] - Administrative expenses remained consistent at approximately SGD 7.2 million and SGD 7.3 million for the six months ended June 30, 2023, and 2024 respectively[32] - Employee costs totaled approximately SGD 5.6 million for the six months ended June 30, 2024, compared to SGD 5.4 million for the same period in 2023, with a total of 228 employees as of June 30, 2024[39] Assets and Liabilities - Total assets as of June 30, 2024, were SGD 71,146,822, a slight decrease from SGD 71,463,677 at the end of 2023[2] - Net assets increased to SGD 52,854,047 from SGD 49,594,099, reflecting a growth of 4.56%[3] - Total liabilities decreased to SGD 18,292,775 from SGD 21,869,578, a reduction of 16.92%[3] - The company reported a net cash position of SGD 30,602,988, up from SGD 22,794,266, showing an increase of 34.38%[2] - As of June 30, 2024, trade payables increased to SGD 1,581,480, up from SGD 1,316,140 as of December 31, 2023, reflecting a growth of 20.1%[19] Revenue Breakdown by Service - Revenue from truck transportation services increased to SGD 12,124,000 in 2024 from SGD 11,043,779 in 2023, representing a growth of 9.8%[9] - Revenue from freight forwarding services rose to SGD 13,676,497 in 2024 compared to SGD 12,304,874 in 2023, marking an increase of 11.2%[9] - Revenue from value-added transportation services decreased to SGD 5,642,797 in 2024 from SGD 8,431,916 in 2023, a decline of 33.1%[9] - Revenue from truck transportation services increased by SGD 1.1 million or 9.8%, reaching SGD 12.1 million for the six months ended June 30, 2024, compared to SGD 11.0 million for the same period in 2023[25] - Freight forwarding service revenue rose by SGD 1.4 million or 11.4%, totaling SGD 13.7 million for the six months ended June 30, 2024, up from SGD 12.3 million in 2023[26] - Value-added transportation service revenue decreased by SGD 2.8 million or 33.1%, falling to SGD 5.6 million for the six months ended June 30, 2024, from SGD 8.4 million in 2023[27] Strategic Plans and Management - The company plans to enhance logistics transparency and improve funding methods to support expansion plans and strengthen market position[21] - The company aims to expand its transportation fleet and enhance value-added services to create a favorable environment for future business growth[22] - The company is focused on prudent cost management while seeking partnerships to enhance competitive advantages amid external challenges[23] - The company has adopted a conservative approach to foreign currency management, with no foreign currency hedging policy currently in place[37] Corporate Governance and Compliance - The company has complied with the corporate governance code, with no significant deviations reported[45] - The audit committee has reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024, and found no discrepancies[47] - The company is committed to effective leadership and management of the board to ensure shareholder benefits[45] - The company has maintained sufficient public float as per listing rules up to June 30, 2024[46] - There have been no major events affecting the group since the last announcement[43] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[45] Dividends and Financial Reporting - The group did not declare any dividends for the six months ended June 30, 2024, and 2023[15] - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[35] - The interim financial results for the six months ending June 30, 2024, will be published in due course[47]
LEGION CONSO(02129) - 2024 - 中期业绩