Financial Performance - The audited revenue for the year ended December 31, 2024, was approximately SGD 74.7 million, an increase of about SGD 8.2 million or 12.3% compared to SGD 66.5 million for the year ended December 31, 2023[4] - The audited profit after tax for the year ended December 31, 2024, was approximately SGD 822,000, an increase of about SGD 347,000 or 73.1% compared to SGD 475,000 for the year ended December 31, 2023[4] - Basic and diluted earnings per share for the year ended December 31, 2024, were SGD 0.0004, compared to SGD 0.0002 for the year ended December 31, 2023[4] - The total comprehensive income for the year ended December 31, 2024, was SGD 839,000, compared to SGD 474,000 for the year ended December 31, 2023[6] - The company reported a gross profit of SGD 11.146 million for the year ended December 31, 2024, compared to SGD 8.992 million for the year ended December 31, 2023[5] - Operating profit for the year ended December 31, 2024, was SGD 1.526 million, an increase from SGD 755,000 for the year ended December 31, 2023[5] - The company reported a profit attributable to owners of 756 thousand SGD in 2024, up from 454 thousand SGD in 2023, representing a growth of 66.5%[25] - Net profit for the year ended December 31, 2024, was approximately SGD 822,000, a significant increase of about 73.1% from SGD 475,000 for the year ended December 31, 2023[40] Revenue and Growth - Revenue from cleaning services increased to 74,611 thousand SGD in 2024, up from 66,454 thousand SGD in 2023, representing a growth of 12.9%[15] - Total revenue for 2024 reached 74,697 thousand SGD, compared to 66,538 thousand SGD in 2023, marking an increase of 12.9%[15] - Revenue from Singapore was 64,301 thousand SGD in 2024, up from 58,860 thousand SGD in 2023, reflecting a growth of 9.8%[17] Assets and Liabilities - Total assets as of December 31, 2024, were SGD 40.995 million, a decrease from SGD 44.475 million as of December 31, 2023[7] - Total liabilities as of December 31, 2024, were SGD 13.062 million, down from SGD 14.381 million as of December 31, 2023[8] - The company’s cash and cash equivalents as of December 31, 2024, were SGD 10.387 million, down from SGD 12.217 million as of December 31, 2023[7] - Trade receivables decreased slightly to 13,906 thousand SGD in 2024 from 14,066 thousand SGD in 2023, a decline of 1.1%[27] Expenses - Employee benefits expenses rose to 53,199 thousand SGD in 2024, compared to 44,158 thousand SGD in 2023, an increase of 20.5%[19] - Administrative expenses increased from approximately SGD 8.6 million for the year ended December 31, 2023, to approximately SGD 10.1 million for the year ended December 31, 2024[35] - The cost of sales for the year ended December 31, 2024, was approximately SGD 63.6 million, up about 10.4% from SGD 57.5 million for the year ended December 31, 2023[33] Dividends - The board proposed a final dividend of SGD 0.002 per share for the year ended December 31, 2024[4] - The company declared a final dividend of 0.002 SGD per share for the year ending December 31, 2024, subject to shareholder approval[26] - The board proposed a final dividend of SGD 0.002 per share for the year ended December 31, 2024, compared to SGD 0.0015 per share for the previous year[41] Company Operations and Governance - The group had 311 ongoing service contracts as of March 28, 2025, with an outstanding contract value of approximately SGD 66.9 million[30] - The group confirmed government subsidies totaling approximately SGD 1.5 million for the year ended December 31, 2024, compared to SGD 0.6 million for the previous year[34] - The company is committed to enhancing productivity through investments in technology and training, despite anticipated competitive pressures in the Singapore environmental services industry[31] - The company employed 2,846 employees as of December 31, 2024, an increase from 2,609 employees as of December 31, 2023[51] - The company has established a progressive salary scheme for local and permanent resident employees in compliance with Singapore's labor regulations[51] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting principles[54] - The company has independent non-executive directors to ensure governance and oversight[65] - The company has a diverse board of directors with expertise in different areas[65] Listing and Compliance - The company is listed on the Hong Kong Stock Exchange since July 3, 2020[63] - The company operates under the International Financial Reporting Standards[63] - The company maintains the required public float as per listing rules as of the announcement date[58] - The annual general meeting for shareholders is scheduled for May 15, 2025[59] - The company will suspend share transfer registration from May 12 to May 15, 2025, to determine shareholder eligibility for the annual general meeting[60] Strategic Initiatives - The largest allocation of funds is for cash flow mismatches, accounting for 52.2% of the total net proceeds, amounting to SGD 6.17 million[50] - The net amount raised from the company's listing is approximately SGD 11.8 million, with a revised allocation disclosed on December 21, 2023[50] - As of December 31, 2024, the company has utilized SGD 9.61 million of the net proceeds, leaving SGD 2.215 million unutilized[50] - The company is involved in various sectors, including environmental management and contracting services[63] - The company has a quality management system standard based on multiple quality management principles, including customer focus and continuous improvement[63] - The company has achieved the highest financial level in the FM02 category of the Singapore contractor registration system[63] - The company is committed to maintaining a clean and green environment in Singapore, as mandated by the National Environment Agency[63]
HYGIEIA GROUP(01650) - 2024 - 年度业绩