Financial Performance - Revenue for the year ended December 31, 2024, was SGD 66,127,480, representing an increase of 9.9% compared to SGD 60,481,361 for the year ended December 31, 2023[3] - Gross profit for the same period was SGD 20,865,776, up from SGD 19,167,568, indicating a growth of 8.8%[3] - The net profit attributable to equity shareholders for the year was SGD 5,024,359, a significant increase of 46.7% from SGD 3,426,958 in the previous year[3] - Basic and diluted earnings per share increased to 0.40 Singapore cents from 0.27 Singapore cents, reflecting a growth of 48.1%[3] - The group's pre-tax profit increased to SGD 5,945,343 in 2024 from SGD 4,490,819 in 2023, showing a growth of 32.54%[22] - Other income for the group amounted to SGD 1,460,154 in 2024, an increase from SGD 1,148,516 in 2023, representing a growth of 27.09%[26] - The company reported a decrease in financing costs to SGD 540,707 from SGD 753,241, a reduction of 28.2%[3] - The company incurred tax expenses of SGD 903,775 in 2024, a decrease of 13.7% from SGD 1,047,975 in 2023[30] - The net gain from other income was SGD 278,220 in 2024, compared to SGD 159,429 in 2023, indicating an increase of 74.54%[27] Assets and Liabilities - Total assets as of December 31, 2024, were SGD 60,705,138, compared to SGD 59,324,030 as of December 31, 2023, showing a slight increase of 2.3%[4] - Non-current assets rose to SGD 41,437,061 from SGD 29,701,400, marking an increase of 39.6%[4] - Current liabilities increased to SGD 17,914,876 from SGD 12,139,647, representing a rise of 47.5%[4] - The company reported trade receivables of SGD 15,558,318 for 2024, a significant increase of 25.5% from SGD 12,352,796 in 2023[37] - The total other receivables, deposits, and prepayments increased to SGD 6,042,622 in 2024 from SGD 4,717,747 in 2023, representing a growth of approximately 28%[41] - Trade payables rose to SGD 1,721,775 in 2024, up from SGD 1,316,140 in 2023, indicating an increase of about 30.8%[44] Revenue Breakdown - Revenue from external customers for truck transportation services increased to SGD 22,590,165 in 2024 from SGD 19,981,341 in 2023, representing a growth of 8.06%[22] - Revenue from freight forwarding services rose to SGD 29,667,117 in 2024 compared to SGD 26,621,653 in 2023, marking an increase of 7.69%[22] - Total revenue for the group reached SGD 66,127,480 in 2024, up from SGD 60,481,361 in 2023, reflecting a growth of 9.73%[22] Operational Focus - The company is focused on expanding its logistics services and enhancing operational efficiency through technology investments[6] - The company is focusing on expanding its logistics business and enhancing value-added transport services to create a favorable environment for future growth[50] - The company plans to maintain prudent cost management while seeking partnerships to enhance competitive advantages amid external challenges such as diesel price fluctuations and labor cost pressures[51] Employee and Costs - Total employee costs, including director remuneration, amounted to SGD 13,417,342 in 2024, up from SGD 12,293,873 in 2023, reflecting an increase of 9.1%[34] - The group has a total of 226 employees as of December 31, 2024, an increase from 221 employees in 2023, with a gender ratio of approximately 57% male and 43% female[72] - Administrative expenses rose from approximately SGD 15.0 million in 2023 to SGD 15.9 million in 2024, primarily due to increased wage costs and foreign employee accommodation[61] Investments and Future Plans - The company signed a lease agreement for a property in Singapore for SGD 17,000,000, effective from February 26, 2025, for a duration of 20 years[48] - The company has identified suitable land for business expansion, considering factors such as location and available floor area[49] - The expected timeline for the utilization of unutilized net proceeds has been extended to December 31, 2025, due to uncertainties in the operating environment[78] - The group has entered into a construction contract for a new three-story industrial building with a total contract value of SGD 5.408 million[79] Governance and Compliance - The company has fully complied with the corporate governance code as of December 31, 2024[82] - The audit committee has been established in accordance with listing rules, consisting of three independent non-executive directors[86] - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2024, with no objections raised[86] - The auditor, Grant Thornton (Hong Kong) Limited, confirmed that the preliminary announcement figures are consistent with the audited financial statements for the year ended December 31, 2024[87] - The annual report for the year ended December 31, 2024, will be published on the Hong Kong Stock Exchange website and the company's website[88] - The board of directors includes three executive directors and three independent non-executive directors as of the announcement date[90]
LEGION CONSO(02129) - 2024 - 年度业绩