Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of 122,534 thousand MYR, an increase of 4.9% from 117,797 thousand MYR in the previous year[4] - The gross profit for the fiscal year was 25,769 thousand MYR, a slight decrease of 1.3% compared to 26,117 thousand MYR in the prior year[4] - The company's profit before tax decreased to 11,461 thousand MYR, down 23.5% from 15,024 thousand MYR in the previous fiscal year[4] - The net profit for the fiscal year was 7,680 thousand MYR, representing a decline of 30.9% from 11,008 thousand MYR in the previous year[4] - Basic and diluted earnings per share for the fiscal year were 1.76 sen, down from 2.42 sen in the previous year, reflecting a decrease of 27.3%[5] - Total comprehensive income for the fiscal year was 5,057 thousand MYR, a decrease of 56.3% from 11,557 thousand MYR in the prior year[4] Assets and Liabilities - The company's total assets increased to 174,886 thousand MYR, up from 170,511 thousand MYR, indicating a growth of 2.2%[6] - Total liabilities rose to 41,182 thousand MYR, compared to 10,351 thousand MYR in the previous year, marking a significant increase[6] - The company reported cash and cash equivalents of 60,321 thousand MYR, an increase from 56,449 thousand MYR in the previous year[6] Revenue Segmentation - Revenue from distribution in fiscal year 2024 was 94,775 thousand MYR, up 13.5% from 83,493 thousand MYR in fiscal year 2023[25] - Gross profit for the animal feed additive segment in fiscal year 2024 was 21,578 thousand MYR, compared to 21,008 thousand MYR in fiscal year 2023, reflecting a slight increase[18][19] - The company's total revenue from confirmed inventory costs was 96,765,000 MYR in 2024, up from 91,680,000 MYR in 2023, representing a growth of 5.7%[26] Employee and Operational Costs - Total employee costs increased to 7,461,000 MYR in 2024 from 6,347,000 MYR in 2023, reflecting a rise of 17.6%[26] - Administrative and other operating expenses increased by approximately 25.4% from about 13.0 million MYR to approximately 16.3 million MYR[54] Investments and Acquisitions - The company completed the acquisition of a 4.8% stake in a registered company in Malaysia for 2,877,000 MYR, which was finalized by the end of the fiscal year[40] - The company has approximately HKD 42.1 million allocated for the construction of a new production facility, which remains unutilized due to delays caused by COVID-19 and supply chain disruptions[77] - The company has approximately HKD 5.6 million set aside for potential investments in companies engaged in animal feed additives and/or veterinary-related industries, which also remains unutilized due to challenges from COVID-19 and African swine fever[79] Shareholder Information - The company approved a special dividend of approximately 29,521,000 MYR for the fiscal year ending December 31, 2024[30] - The board has decided to reallocate approximately HKD 13.4 million of the unutilized net proceeds for investments in the animal feed additives sector[74] - The share buyback plan allows for the repurchase of up to 20 million shares, representing about 4.24% of the total issued shares as of June 26, 2024[73] Corporate Governance - The audit committee has reviewed the consolidated financial statements for the fiscal year and believes they comply with applicable accounting standards[106] - The independent auditor has confirmed that the figures in the annual performance announcement are consistent with the audited financial statements[107] - The annual general meeting is scheduled for June 25, 2025[104] Market Conditions and Challenges - The company has encountered intensified competition from local and Chinese markets, impacting production levels and delaying the construction of the new facility[78] - The company has faced delays in obtaining additional orders from major clients due to their slowed business expansion plans[77] - The company is taking a cautious approach in increasing capacity and expanding its product portfolio, further assessing market demand for animal feed additives[78]
利特米(01936) - 2024 - 年度业绩