Financial Performance - Revenue for the six months ended June 30, 2024, was SGD 6,249,879, a decrease of 19.5% compared to SGD 7,768,876 for the same period in 2023[2] - Gross profit increased to SGD 3,076,712, representing a 38.6% increase from SGD 2,219,570 in the previous year[2] - Net profit for the period was SGD 2,102,685, up 173.5% from SGD 767,579 in the same period last year[2] - Basic and diluted earnings per share rose to SGD 0.888, compared to SGD 0.324 for the same period in 2023[2] - Other income increased to SGD 82,440 from SGD 43,384 in the previous year, reflecting a growth of 90.4%[2] - Revenue from the signage business was SGD 5,442,292, down 6.9% from SGD 5,843,009 in the previous year, while renovation services revenue decreased significantly to SGD 807,587 from SGD 1,925,867[12] - The net profit attributable to owners for the six months ended June 30, 2024, was SGD 2,102,685, representing a substantial increase of 173.5% compared to SGD 767,579 in the same period of 2023[21] - Basic and diluted earnings per share for the period were SGD 0.888, up from SGD 0.324 in the previous year, reflecting improved profitability[21] - The profit for the same period was approximately SGD 2,103,000, compared to SGD 768,000 in 2023, indicating a significant increase[33] - Gross profit for the six months ended June 30, 2024, was approximately SGD 3,077,000, with a gross margin of about 49.2%, up from 28.6% in 2023[32] Cash Flow and Assets - Cash generated from operating activities was SGD 947,634, an increase from SGD 833,262 in the previous year[7] - The company reported a net cash increase of SGD 677,053 for the period, compared to SGD 564,597 in the same period last year[7] - Total assets less current liabilities amounted to SGD 13,572,744, up from SGD 11,689,475 as of December 31, 2023[3] - The company's cash and cash equivalents increased by approximately SGD 840,000, primarily due to net cash generated from operating activities of about SGD 948,000[34] - As of June 30, 2024, total borrowings amounted to SGD 2,590,000, down from SGD 2,804,000 as of December 31, 2023[35] Liabilities and Equity - The company’s total liabilities decreased to SGD 4,290,164 from SGD 6,745,354 as of December 31, 2023[3] - The total equity as of June 30, 2024, was SGD 12,845,928, an increase from SGD 10,920,150 as of December 31, 2023[4] - Trade receivables as of June 30, 2024, were SGD 7,505,285, down from SGD 9,028,795 as of December 31, 2023, indicating improved collection efforts[23] Expenses and Costs - The company incurred total finance costs of SGD 52,988, a decrease from SGD 72,662 in the same period of 2023, indicating improved cost management[18] - Income tax expense for the period was SGD 421,900, significantly higher than SGD 186,700 in the previous year, reflecting increased taxable profits[19] - Total employee costs for the six months ended June 30, 2024, were approximately SGD 1,041,000, compared to SGD 1,663,000 for the same period in 2023, representing a decrease of about 37.2%[44] Dividends and Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[22] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2024[57] - As of June 30, 2024, the executive director Chen Tianji held 39,337,600 shares, representing 16.61% of the issued share capital[48] Corporate Governance and Future Plans - The company remains committed to adhering to the corporate governance code and has implemented measures to enhance internal control systems[54] - The company plans to manage expenses prudently and continuously review business strategies to adapt to the current market environment[39] - There were no significant investments or acquisitions during the review period, and no specific future plans for major investments or capital assets as of June 30, 2024[41] - The group had no capital commitments as of June 30, 2024, consistent with the previous period[43] - There were no significant events occurring after June 30, 2024[45] Employment - As of June 30, 2024, the group employed a total of 76 employees, a decrease from 81 employees as of December 31, 2023[44] Audit and Review - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the six months ended June 30, 2024[59] - The company has adopted a share option scheme since September 21, 2018, with 22,400,000 options unexercised as of June 30, 2024[55] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended June 30, 2024[53]
吉辉控股(08027) - 2024 - 中期财报