Financial Performance - Total revenue for the fiscal year ending June 30, 2024, was SGD 133.829 million, a significant increase from SGD 111.435 million in the previous year, representing a growth of approximately 20%[2] - Gross profit decreased to SGD 7.736 million from SGD 8.607 million, reflecting a decline of about 10% year-over-year[2] - The net profit attributable to shareholders for the year was SGD 1.571 million, down from SGD 2.325 million, indicating a decrease of approximately 32%[2] - The company reported a basic and diluted earnings per share of SGD 0.20, down from SGD 0.29 in the previous year, indicating a decline of about 31%[2] - The group recorded a net profit of SGD 1.6 million for the year ended June 30, 2024, down from SGD 2.3 million in the previous year[66] Assets and Liabilities - Total assets increased to SGD 98.916 million from SGD 85.293 million, marking a growth of around 16%[3] - Current assets rose to SGD 76.346 million, up from SGD 65.649 million, which is an increase of about 16%[3] - Total liabilities increased to SGD 59.903 million from SGD 47.871 million, reflecting a rise of approximately 25%[4] - The company's equity attributable to shareholders increased to SGD 39.013 million from SGD 37.422 million, showing a growth of about 4%[4] - The total current liabilities increased to SGD 57.3 million from SGD 45.6 million[67] Cash Flow and Investments - Cash and cash equivalents significantly increased to SGD 41.185 million from SGD 22.913 million, representing a growth of approximately 80%[3] - Operating cash flow for the fiscal year ending June 30, 2024, was SGD 19,633,000, a significant increase from SGD 9,359,000 in the previous year, representing a growth of 109.5%[6] - The company experienced a net cash flow from investing activities of SGD 176,000 in 2024, a decrease from SGD 1,246,000 in 2023[7] - The group purchased assets at a cost of SGD 4,435,000 in 2024, a substantial increase from SGD 586,000 in 2023[38] Revenue Segmentation - The construction segment generated revenue of SGD 133,288 thousand, up from SGD 110,739 thousand, reflecting a growth of about 20% year-over-year[21] - The property segment reported revenue of SGD 541 thousand, down from SGD 696 thousand, indicating a decline of approximately 22%[21] - Major customers contributing over 10% of total revenue included Customer B with SGD 46,766 thousand and Customer C with SGD 48,321 thousand for the fiscal year 2024[20] Expenses and Costs - Total construction costs increased to SGD 116,228,000 in 2024 from SGD 100,505,000 in 2023, with loss-making contracts rising to SGD 9,865,000 from SGD 2,323,000[29] - Employee costs totaled SGD 16.7 million for the year, an increase from SGD 13.1 million in 2023, with the workforce growing to 475 employees from 419[77] - The group incurred direct operating expenses from investment properties of SGD 56,000 in 2024, up from SGD 42,000 in 2023[30] Corporate Governance and Compliance - The company has adopted the corporate governance code as a key element for creating shareholder value, ensuring compliance with the listing rules[82] - The audit committee held four meetings to review the company's financial performance for the fiscal year ending June 30, 2024, including quarterly and annual results[86] - Ernst & Young LLP confirmed that the preliminary announcement figures align with the audited consolidated financial statements for the year ending June 30, 2024[87] Future Outlook and Strategy - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[1] - The construction demand in Singapore for 2024 is projected to be between SGD 32 billion and SGD 38 billion, with public sector demand expected to account for approximately 55%[57] - The group aims to strengthen its competitive advantage by investing in workforce development and adopting new technologies to enhance productivity[57] Dividends and Shareholder Returns - The group did not declare or pay any dividends for the fiscal years ending June 30, 2024, and 2023[36] - The board recommended no final dividend for the year ending June 30, 2024, consistent with the previous year[76]
光荣控股(09998) - 2024 - 年度业绩