Financial Performance - Total revenue for the year ended December 31, 2024, was RM 475,821,000, representing a 28.2% increase from RM 371,105,000 in 2023[3] - Gross profit for the same period was RM 92,858,000, up 34.7% from RM 68,941,000 in 2023[3] - Net profit for the year was RM 31,554,000, an increase of 71.7% compared to RM 18,379,000 in 2023[3] - Basic and diluted earnings per share rose to RM 1.43 from RM 0.89, reflecting a 60.7% increase[4] - Total revenue for the fiscal year ending December 31, 2024, reached 475,821 thousand MYR, a significant increase from 371,105 thousand MYR in the previous year, representing a growth of approximately 28.2%[26] - The company reported a net profit of 31,554 thousand MYR for the fiscal year ending December 31, 2024, compared to 18,379 thousand MYR in the previous year, indicating a year-over-year increase of approximately 71.6%[21][23] - The company reported a pre-tax profit of 12,630,000 MYR in 2024, up from 6,136,000 MYR in 2023, reflecting a growth of 106.5%[32] - The company recognized a net gain of 750,000 MYR from the sale of properties, plants, and equipment in 2024[30] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RM 816,417,000, compared to RM 754,955,000 in 2023, indicating a growth of 8.1%[6] - Non-current assets increased to RM 471,854,000 from RM 419,298,000, a rise of 12.5%[6] - Current liabilities decreased to RM 118,740,000 from RM 131,367,000, a reduction of 9.6%[6] - The company's equity totalled RM 362,985,000, up from RM 339,444,000, marking a 6.9% increase[7] - The company recorded trade receivables from third parties of 97,357,000 MYR in 2024, up from 72,671,000 MYR in 2023, with a provision for losses of 2,298,000 MYR[40] - Total trade and other payables amounted to 87,371,000 MYR in 2024, compared to 78,249,000 MYR in 2023[47] - The group’s debt ratio was approximately 0.68 as of December 31, 2024, slightly down from 0.69 in 2023[62] Revenue Breakdown - The revenue from Malaysia accounted for the largest share at 263,397 thousand MYR, up from 214,051 thousand MYR in the previous year, reflecting a growth of about 23%[26] - The segment performance showed that the Integrated Freight Forwarding Services generated a profit of 23,824 thousand MYR, while the Fourth Party Logistics Services contributed 6,379 thousand MYR, leading to a total segment profit of 92,858 thousand MYR[21] - Revenue from logistics center and related services increased by approximately 19.7% to about 98,625,000 MYR, driven by higher demand for transportation services and new yard operations[56] - Revenue from container liquid bag solutions surged to 185,290,000 MYR in 2024, up from 114,300,000 MYR in 2023, representing a 62.1% increase[30] - Sea freight service revenue increased to 60,448,000 MYR in 2024 from 43,664,000 MYR in 2023, a growth of 38.4%[29] - Air freight service revenue decreased to 3,927,000 MYR in 2024 from 6,727,000 MYR in 2023, a decline of 41.7%[29] Costs and Expenditures - Employee costs rose to 73,571,000 MYR in 2024 from 54,668,000 MYR in 2023, an increase of 34.4%[31] - Operating costs totaled approximately 382,963,000 MYR, an increase of about 26.7% compared to the previous year[58] - The company incurred total borrowing costs of 13,011,000 MYR in 2024, compared to 12,245,000 MYR in 2023, an increase of 6.3%[31] - Capital expenditures amounted to approximately 112,515,000 MYR, significantly higher than 16,326,000 MYR in 2023[66] Corporate Governance and Future Plans - The company plans to continue expanding its logistics and transportation services, focusing on enhancing operational efficiency and exploring new market opportunities[10] - The group plans to enhance efficiency and competitiveness through integration and digitalization by 2025[59] - The company expects that the adoption of new and revised International Financial Reporting Standards will not have a significant impact on its consolidated financial statements in the future[14] - The company did not recommend a final dividend for the year ending December 31, 2024, consistent with no dividend in 2023[39] - The company did not declare a final dividend for the reporting period, consistent with the previous year[72] Audit and Compliance - The audit committee has reviewed the audited consolidated financial statements of the group for the reporting period[81] - The company's auditor, Kreston John & Gan, has verified the figures in the consolidated financial statements for the reporting period[83] - The company acknowledges the importance of the company secretary in governance matters and has appointed an external service provider for this role[78] - The board of directors has confirmed adherence to the standard code of conduct for securities trading during the reporting period[79] Miscellaneous - The company has not identified any external customers contributing 10% or more to total revenue for the fiscal years ending December 31, 2024, and 2023[27] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period and up to the date of this announcement[80] - The company held two regular board meetings during the reporting period to discuss various matters, including the annual performance for the year ending December 31, 2023, and the interim performance for the six months ending June 30, 2024[76] - The company does not publish quarterly results and therefore does not find it necessary to hold quarterly meetings[76] - The company expresses gratitude to business partners, shareholders, and the management team for their continuous support and contributions[84] - The board consists of four executive directors and three independent non-executive directors as of the announcement date[86]
鹰辉物流(01442) - 2024 - 年度业绩