Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 99,481,000, a decrease of 10% compared to HKD 110,582,000 for the same period in 2023[3] - Gross profit for the period was HKD 15,278,000, down 33.1% from HKD 22,931,000 year-on-year[3] - The net loss for the period was HKD 6,465,000, compared to a net loss of HKD 7,024,000 in the previous year, representing a 7.9% improvement[5] - The company's share of profits from associates was HKD 6,043,000, a decrease of 33.4% from HKD 9,077,000 in the prior year[3] - The basic and diluted loss per share for the period was HKD 2.38, an improvement from HKD 2.76 in the previous year[3] - The company reported a significant increase in other comprehensive income, totaling HKD 5,190,000 compared to a loss of HKD 21,734,000 in the prior year[5] - The group reported a pre-tax loss of HKD 6,181,000 for the six months ended September 30, 2024, compared to a loss of HKD 7,160,000 in 2023[34] - The group recorded a loss attributable to equity owners of HKD 6,181,000, an improvement of HKD 979,000 from a loss of HKD 7,160,000 in the previous year[42] Revenue Breakdown - Total revenue for the trading segment was HKD 81,726,000, while the restaurant segment generated HKD 27,310,000, and the other segment contributed HKD 1,546,000, leading to a total revenue of HKD 110,582,000[23] - Revenue from product sales was HKD 81,777,000, slightly up from HKD 81,726,000 in the previous year[26] - Revenue from restaurant operations dropped significantly to HKD 15,977,000 from HKD 27,310,000, reflecting a decline of 41.5%[26] - The trading segment's external sales to customers amounted to HKD 81,777,000, while the restaurant segment's external sales were HKD 15,977,000, and the other segment's external sales were HKD 1,727,000, totaling HKD 99,481,000[23] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 692,307,000, down from HKD 711,460,000 as of March 31, 2024[9] - Current assets totaled HKD 148,497,000, slightly down from HKD 150,547,000 at the end of the previous fiscal year[7] - The company's total equity decreased to HKD 543,267,000 from HKD 544,567,000, a decline of 0.2%[9] - Total liabilities decreased to HKD 49,240,000 from HKD 66,873,000, indicating a reduction of 26.5%[24] Cash Flow and Financing - Cash and cash equivalents increased to HKD 84,166,000 from HKD 74,575,000, reflecting a 12% rise[7] - The group holds approximately 29.53% equity interest in Four Seas Group Limited, which reported revenue of HKD 1.72 billion and a profit attributable to equity owners of approximately HKD 20,500,000[49] - As of September 30, 2024, the group had bank credit facilities totaling HKD 200,753,000, with 11% utilized[51] - Financing costs for the period were HKD 952,000, down from HKD 1,235,000 in the previous year, representing a decrease of 22.9%[28] Operational Segments - The company has three reportable operating segments: trading, restaurant, and other, with performance evaluated based on adjusted profit/loss before tax[18] - The adjusted profit/loss before tax for the trading segment was HKD (3,652,000), for the restaurant segment was HKD (3,159,000), and for the other segment was HKD 901,000, resulting in a total adjusted loss before tax of HKD (5,910,000)[23] - The trading segment's internal sales were HKD 3,041,000, while the restaurant segment's internal sales were HKD 84,818,000, leading to total internal sales of HKD 102,526,000[23] Compliance and Governance - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors for the six months ending September 30, 2024[56] - The audit committee consists of three independent non-executive directors, who have reviewed the unaudited interim financial statements for the six months ending September 30, 2024[57] - The interim report for the six months ending September 30, 2024, will be published on the Hong Kong Stock Exchange and the company's website, containing information as required by listing rules[58] Employee and Dividend Information - The group employed a total of 47 staff members as of September 30, 2024, with salaries reviewed annually based on performance[52] - The board did not recommend the payment of an interim dividend for the six months ending September 30, 2024, consistent with the previous year[41] - The board expresses gratitude to shareholders, business partners, and employees for their continued support[60]
香港食品投资(00060) - 2025 - 中期业绩