Revenue and Profitability - For the six months ended June 30, 2024, the total revenue of Hygieia Group Limited was approximately SGD 37.0 million, an increase of about 18.8% compared to SGD 31.1 million for the same period in 2023[6]. - Revenue for the six months ended June 30, 2024, was 36,982 thousand SGD, an increase of 18.5% compared to 31,120 thousand SGD for the same period in 2023[62]. - Clean services revenue reached 36,940 thousand SGD, up from 31,078 thousand SGD, reflecting a growth of 18.5% year-over-year[62]. - The net profit for the six months ended June 30, 2024, was approximately SGD 1.2 million, compared to SGD 92,000 for the same period in 2023[11]. - Operating profit increased significantly to 1,554 thousand, compared to 262 thousand in the previous year, marking a growth of 493.5%[33]. - Net profit for the period was 1,150 thousand, a substantial increase from 92 thousand in 2023, reflecting a year-over-year growth of 1,150%[33]. - The company reported a net profit attributable to shareholders of 1,092 thousand SGD for the six months ended June 30, 2024, compared to 76 thousand SGD in the same period of 2023, marking a significant increase[73]. - Basic and diluted earnings per share for the period were 0.055, compared to 0.0038 in the previous year, indicating a significant improvement[33]. Costs and Expenses - The cost of sales for the same period was approximately SGD 30.9 million, representing an increase of about 14.2% from SGD 27.1 million in 2023[7]. - The administrative expenses increased from approximately SGD 4.0 million in 2023 to approximately SGD 4.6 million in 2024, primarily due to increased employee benefits and professional fees[8]. - The financial costs decreased from approximately SGD 109,000 in 2023 to SGD 96,000 in 2024, mainly due to reduced interest expenses from borrowings[9]. - Employee benefits expenses increased to 25,041 thousand SGD, a rise of 22.5% from 20,401 thousand SGD in the previous year[67]. Assets and Liabilities - As of June 30, 2024, the group's current assets were approximately SGD 36.9 million, with cash and cash equivalents of about SGD 7.9 million[12]. - Total assets as of June 30, 2024, were 41,494 thousand, down from 44,475 thousand at the end of 2023[39]. - Current liabilities amounted to 11,257 thousand, slightly down from 11,676 thousand at the end of 2023[46]. - The total liabilities as of June 30, 2024, amounted to 7,419 thousand SGD, down from 8,218 thousand SGD as of December 31, 2023, indicating a decrease of approximately 9.7%[81]. - The company’s cash and cash equivalents decreased to 7,861 thousand SGD at the end of the period from 12,217 thousand SGD at the beginning of the period, indicating a decline of approximately 35.5%[55]. Contracts and Government Support - As of August 29, 2024, the group had 315 ongoing service contracts with an outstanding contract value of approximately SGD 81.4 million[4]. - The group confirmed government subsidies totaling approximately SGD 0.8 million for the six months ended June 30, 2024, compared to SGD 0.5 million in the previous year[8]. Employee and Operational Metrics - As of June 30, 2024, the group employed approximately 3,029 employees, an increase from 2,609 employees as of December 31, 2023[20]. - The group is focused on enhancing productivity through investments in technology and training, despite anticipated challenges in the Singapore environmental services industry[5]. - The group aims to establish and enhance its market position in the environmental services sector while providing consistent high-quality cleaning services[5]. Cash Flow and Dividends - Cash flow from operating activities showed a net outflow of 2,501 thousand SGD for the six months ended June 30, 2024, compared to an outflow of 1,818 thousand SGD for the same period in 2023, representing a worsening of cash flow performance[55]. - The company paid dividends totaling 3,000 thousand SGD during the period, an increase from 2,000 thousand SGD in the previous year, reflecting a commitment to returning value to shareholders[55]. - The company did not declare an interim dividend for the six months ended June 30, 2024, while a dividend of 3,000 thousand SGD was declared for the previous year[75]. Financial Reporting and Standards - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting and disclosures[59].
HYGIEIA GROUP(01650) - 2024 - 中期财报