Financial Performance - Revenue for the six months ended June 30, 2024, was RM 46,479,000, a slight increase of 0.5% compared to RM 46,256,000 for the same period in 2023[11] - Operating profit increased significantly to RM 9,596,000, up 111.3% from RM 4,547,000 in the previous year[11] - Total comprehensive income for the period was RM 6,948,000, compared to RM 2,180,000 in the same period last year, representing a 218.5% increase[11] - Basic earnings per share rose to 1.74 sen, compared to 0.55 sen for the same period in 2023, marking an increase of 215.5%[11] - The group reported a profit of approximately 6,948,000 MYR for the six months ended June 30, 2024, compared to 2,180,000 MYR for the same period in 2023, representing a significant increase[40] - For the six months ended June 30, 2024, the company reported a net profit of approximately 6.95 million MYR, an increase of about 4.77 million MYR compared to 2.18 million MYR for the same period in 2023[58] Assets and Liabilities - Non-current assets as of June 30, 2024, were RM 7,532,000, down from RM 12,546,000 as of December 31, 2023[13] - Current assets included trade receivables of RM 21,307,000, with total current liabilities amounting to RM 19,630,000[13] - Total equity as of June 30, 2024, was RM 46,093,000, a decrease from RM 48,953,000 at the end of 2023[14] - The company’s retained earnings as of June 30, 2024, were RM 9,486,000, compared to RM 6,413,000 in 2023, representing an increase of about 48%[17] - The company’s total liabilities decreased from RM 15,337,000 to RM 9,808,000, reflecting a reduction of about 36%[17] - The group’s current assets as of June 30, 2024, were reported at 12,427 MYR, down from 18,930 MYR in 2023[46] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2024, was RM 6,578,000, up from RM 4,014,000 in 2023, indicating a growth of approximately 64%[20] - The company reported a net cash inflow from investing activities of RM 6,835,000 for the six months ended June 30, 2024, compared to RM 14,527,000 in the previous year, reflecting a decrease of about 53%[20] - The cash and cash equivalents at the end of the period were RM 14,644,000, compared to RM 4,355,000 at the end of June 30, 2023, indicating a significant increase of approximately 236%[20] - The group generated a net cash inflow from operating activities of approximately 6.58 million MYR for the six months ended June 30, 2024, compared to 4.01 million MYR in 2023[65] Employee Costs and Workforce - The company reported a decrease in employee costs to RM 29,826,000 from RM 32,209,000, reflecting a cost-saving strategy[11] - Employee costs decreased by approximately 2.38 million MYR or 7.39% to about 29.83 million MYR for the six months ended June 30, 2024, compared to 32.21 million MYR in the previous year[60] - The average number of employees decreased from 1,442 to 1,330 during the same period, indicating a reduction in workforce[60] - The total employee costs for the six months ended June 30, 2024, were approximately MYR 29.83 million, down from 32.21 million MYR for the same period in 2023[78] Dividends - The company paid dividends of RM 12,000,000 during the six months ended June 30, 2024, compared to RM 15,337,000 in the same period of 2023, which is a reduction of about 22%[20] - The group did not declare an interim dividend for the six months ended June 30, 2024, nor for the same period in 2023[37] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[98] - A special dividend of HKD 0.04 per share was declared on May 27, 2024, and approved by shareholders, paid on July 16, 2024[98] Financial Management - Financial costs decreased to RM 165,000 from RM 319,000, indicating improved financial management[11] - The average effective interest rate for the group's bank financing decreased to 4.17% as of June 30, 2024, down from 8.54% as of December 31, 2023[66] - The total current and non-current lease liabilities as of June 30, 2024, were approximately MYR 7.23 million, an increase from MYR 6.78 million as of December 31, 2023, with an average effective interest rate of 4.72%[66] Market Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming quarters[11] - The company continues to focus on enhancing its marketing solutions and expanding its services within Malaysia, aiming for sustainable growth in the upcoming quarters[29] - The group anticipates a stable and resilient overall outlook for the second half of 2024, maintaining its existing customer service capacity[83] - The group is reviewing potential opportunities to increase service capacity through partnerships with new database owners, insurance companies, or Islamic banks[83] Shareholder Information - Major shareholders include Marketing Intellect (UTS) Limited with 171.2 million shares (42.8%), Marketing Talent (UTS) Limited with 70.8 million shares (17.7%), and Marketing Wisdom (UTS) Limited with 58 million shares (14.5%) as of June 30, 2024[89] - The company maintained at least 25% of its issued shares held by the public as of June 30, 2024[100] Compliance and Governance - The audit committee reviewed the interim results for the six months ended June 30, 2024, and raised no objections to the accounting policies adopted by the group[104] - The company has complied with the corporate governance code and has no internal audit function due to the current scale and complexity of its operations[103] - The board confirmed compliance with the standards set out in the code of conduct for securities transactions by directors for the six months ended June 30, 2024[101]
UTS MARKETING(06113) - 2024 - 中期财报