Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 168,758,000, a decrease of 11% compared to HKD 189,659,000 for the same period in 2023[2] - Operating profit for the period was HKD 25,569,000, an increase of 9.2% from HKD 23,370,000 in the previous year[4] - Profit before tax increased to HKD 24,955,000, up 9.3% from HKD 22,835,000 year-on-year[4] - Net profit attributable to shareholders for the period was HKD 14,309,000, compared to HKD 8,467,000 in the same period last year, representing a significant increase of 68.5%[6] - Earnings per share from continuing operations was HKD 3.4 cents, up from HKD 3.1 cents in the previous year[4] - Total comprehensive income for the period was HKD 25,133,000, compared to a loss of HKD 11,568,000 in the same period last year[6] - The reported segment profit (adjusted EBITDA) for the six months ended September 30, 2024, was HKD 29,841 million, an increase of 20.4% compared to HKD 24,827 million for the same period in 2023[35] - Other income for the same period was HKD 5,315 million, down from HKD 7,306 million in 2023, reflecting a decrease of 27.3%[36] - The financing costs increased to HKD 614 million for the six months ended September 30, 2024, compared to HKD 535 million in 2023, representing a rise of 14.8%[40] - The company reported a net loss of HKD 2,466,000 for the six months ended September 30, 2024, compared to a loss of HKD 6,940,000 for the same period in 2023, indicating an improvement in performance[49] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 134,649,000, a decrease from HKD 80,244,000 as of March 31, 2024[9] - Current liabilities increased to HKD 251,621,000 from HKD 178,420,000, indicating a rise in short-term obligations[10] - The company's total assets less current liabilities stood at HKD 311,181,000, down from HKD 350,696,000[10] - The total assets reported were HKD 551,301 million as of September 30, 2024, compared to HKD 519,748 million as of March 31, 2024, indicating an increase of 6.0%[35] - The total liabilities reported were HKD 152,125 million as of September 30, 2024, slightly down from HKD 153,591 million as of March 31, 2024, showing a decrease of 1.0%[35] - The group’s cash and cash equivalents as of September 30, 2024, included significant receivables from entities controlled by the major shareholder, totaling HKD 1,680,000[61] - The group’s non-current liabilities included loans from the major shareholder amounting to HKD 39,320,000, which are interest-free and repayable within two years[66] - The group’s total issued share capital remained at 10,000,000 shares with a par value of HKD 0.01 as of September 30, 2024[69] - The group’s current ratio was approximately 1.7 times as of September 30, 2024, down from 2.5 times as of March 31, 2024[91] Business Operations - The company continues to focus on expanding its business in the restaurant and property management sectors, aiming for strategic growth in these areas[14] - The group has diversified its customer base, with no single customer accounting for over 10% of total revenue during the reporting period[25] - The group has ceased operations in the Hong Kong leisure sector, which included club, restaurant, and bar operations, now classified as discontinued operations[21] - The group operates three reportable segments based on business lines and geographical locations, focusing on property management and related value-added services in mainland China[19] - The group aims to focus on improving its property management portfolio and expanding its value-added service offerings following the termination of the entertainment business[80] - The overall financial performance has benefited from the strategic decision to terminate the entertainment business, resulting in a net profit of HKD 14.3 million for the reporting period[79] - The group recorded a net profit of approximately HKD 14.3 million for the six months ended September 30, 2024, compared to HKD 8.5 million for the same period in 2023, representing an increase primarily due to the cessation of the lifestyle entertainment business[85] - The group reported a loss of approximately HKD 2.5 million from discontinued operations for the six months ended September 30, 2024, compared to a loss of HKD 6.9 million for the same period in 2023[85] Employee and Operational Costs - Employee costs decreased by approximately 2.9% or HKD 1.9 million to about HKD 63.0 million for the six months ended September 30, 2024, mainly due to a reduction in the number of property management projects[88] - Operating costs for property cleaning decreased from approximately HKD 33.8 million to about HKD 29.5 million, a reduction of HKD 4.3 million[87] - Other operating expenses increased by approximately 39.3% or HKD 5.5 million to about HKD 19.5 million, primarily due to an increase in security costs[90] Compliance and Accounting - The financial report was prepared in accordance with Hong Kong Accounting Standards (HKAS) No. 34, ensuring compliance with applicable disclosure requirements[16] - The group has not adopted any new accounting standards or interpretations that have not yet become effective during the reporting period[18] - The group anticipates no significant impact on its financial performance or position from the recent amendments to accounting standards that became effective during the reporting period[18] - The group’s management has made significant judgments and estimates regarding the application of accounting policies and the reporting amounts of assets, liabilities, income, and expenses[16] - The group’s interim financial report includes a condensed consolidated financial statement and selected explanatory notes, which highlight significant changes in financial position and performance since the last annual financial statements[16] Future Outlook - The group remains optimistic about its property management business's profitability despite a slowdown in the Chinese real estate market[103] - The group has successfully terminated its leisure business in Hong Kong to focus resources on higher growth potential industries[103] - The group is committed to leveraging its established brand and expertise to seek new investments and expand its business scope[104] - There have been no significant events affecting the company since the end of the reporting period on September 30, 2024[106]
奥克斯国际(02080) - 2025 - 中期业绩