Financial Performance - Total revenue for the year ended June 30, 2024, was HKD 1,130,164,000, an increase of 12.2% from HKD 1,007,016,000 in 2023[1] - Gross profit for the year was HKD 255,490,000, compared to HKD 175,339,000 in the previous year, reflecting a gross margin improvement[1] - Operating profit for the year was HKD 19,274,000, a significant recovery from an operating loss of HKD 66,690,000 in 2023[1] - The company reported a net profit of HKD 1,500,000 for the year, a turnaround from a net loss of HKD 78,524,000 in the previous year[2] - Basic and diluted loss per share improved to HKD (0.007) from HKD (0.281) in the prior year[2] - The group reported net other income of HKD 21,820,000 in 2024, compared to HKD 15,390,000 in 2023, indicating an increase of about 41.5%[12] - The total rental income from investment properties was HKD 12,189,000 in 2024, up from HKD 10,788,000 in 2023, which is an increase of approximately 13%[12] - The net profit after tax for the year was HKD 1.5 million, a turnaround from a net loss of HKD 78.5 million in the previous year[37] Revenue Sources - Revenue from the United States significantly increased to HKD 848,492,000 in 2024, up from HKD 628,637,000 in 2023, marking a growth of about 35%[10] - Major customer A contributed HKD 481,565,000 in 2024, up from HKD 339,348,000 in 2023, reflecting a growth of approximately 42%[11] - Sales in the U.S. market accounted for 75% of total sales, while Europe contributed 14% and other markets accounted for 11%[30] Assets and Liabilities - Total assets decreased to HKD 467,682,000 from HKD 478,410,000 year-over-year[5] - Current liabilities rose to HKD 335,674,000 from HKD 322,124,000, reflecting increased operational costs[4] - The company’s equity attributable to shareholders increased slightly to HKD 374,624,000 from HKD 372,999,000[5] - Trade receivables decreased to HKD 132,453,000 in 2024 from HKD 178,576,000 in 2023, showing a reduction in outstanding receivables[24] - The total trade and other payables increased to HKD 242,542,000 in 2024 from HKD 181,984,000 in 2023, indicating a rise in liabilities[27] Expenses and Costs - The group’s total employee costs were HKD 419,701,000 in 2024, slightly down from HKD 423,706,000 in 2023, showing a decrease of about 1%[14] - The pre-tax profit for 2024 was impacted by financial expenses totaling HKD 19,040,000, compared to HKD 12,372,000 in 2023, reflecting an increase of approximately 54%[15] - Financial expenses rose from HKD 12.4 million to HKD 19.0 million, attributed to rising interest rates and increased bank fees[36] - General and administrative expenses decreased from HKD 228.2 million to HKD 221.0 million due to strict cost control measures[35] Impairments and Gains - The group recognized a loss of HKD 3,108,000 related to impairment of interests in associates in 2024, with no such loss reported in 2023[16] - The group recognized an impairment loss of HKD 3,108,000 on its interests in associates for the year ending June 30, 2024, compared to no impairment in 2023[23] - The company recorded actuarial gains of HKD 130,000 related to long-term service benefits, contributing positively to comprehensive income[3] Dividends and Shareholder Returns - The company has not declared a final dividend for the year ending June 30, 2024, consistent with the previous year[21] - The company has decided not to declare a final dividend for the year ending June 30, 2024, consistent with the previous year where no dividend was declared for the year ending June 30, 2023[52] Outlook and Governance - The group maintains a cautious outlook amid macroeconomic uncertainties, with expectations of fluctuating customer demand in the short term[46] - The audit committee has reviewed the consolidated annual results for the year ending June 30, 2024, ensuring compliance with accounting principles and discussing risk management and internal control systems[51] - The company has confirmed the independence of all independent non-executive directors, in accordance with the listing rules[49]
黛丽斯国际(00333) - 2024 - 年度业绩