Financial Performance - The group's net profit for the year ended December 31, 2024, was approximately RM 13.29 million, an increase of about RM 2.99 million compared to RM 10.30 million for the year ended December 31, 2023[5]. - Total revenue for the year ended December 31, 2024, was approximately RM 93.06 million, a slight decrease of about 1.46% from RM 94.44 million for the year ended December 31, 2023[10]. - The net profit margin for the year ended December 31, 2024, was approximately 14.3%, compared to 10.9% for the year ended December 31, 2023[19]. - Operating profit increased to RM 18,502,000, up 18.4% from RM 15,574,000 in the previous year[187]. - Basic earnings per share rose to 3.32 sen, an increase of 28.6% from 2.58 sen in the prior year[187]. Revenue and Expenses - Employee costs decreased by approximately RM 4.94 million or 7.8% to about RM 58.42 million for the year ended December 31, 2024[13]. - Other operating expenses increased by approximately RM 2.28 million or 20.6% to about RM 13.33 million for the year ended December 31, 2024[15]. - Other income decreased by approximately RM 0.46 million due to a reduction in estimated interest income from financial assets[11]. - Employee costs for the year ending December 31, 2024, total approximately MYR 58.42 million, accounting for about 62.8% of total revenue, down from 67.1% in 2023[26]. - The company reported a decrease in employee costs to RM 58,415,000 from RM 63,364,000, a reduction of 7.5%[187]. Cash Flow and Financial Position - The net cash inflow from operating activities for the year ending December 31, 2024, is approximately MYR 14.71 million, compared to MYR 14.33 million in 2023[20]. - As of December 31, 2024, the total equity and liabilities of the group are approximately MYR 42.98 million and MYR 20.63 million, respectively, compared to MYR 48.95 million and MYR 25.03 million in 2023[22]. - The company's net cash from operating activities was RM 14,706,000, slightly up from RM 14,329,000 in 2023[195]. - The company reported a net cash outflow from financing activities of RM 25,814,000, which is an increase of 33.7% compared to RM 19,317,000 in the previous year[197]. - Cash and cash equivalents decreased by RM 729,000, contrasting with an increase of RM 11,792,000 in 2023[197]. Strategic Initiatives - The group plans to enhance capabilities and maintain its leadership role in the telemarketing industry, including establishing a customer contact center and upgrading existing IT systems[5]. - The group aims to pursue innovation and convert challenges into opportunities to provide the best service to customers[6]. - The company plans to continue focusing on operational efficiency and cost management strategies to enhance profitability in the upcoming fiscal year[187]. Governance and Compliance - The board consists of 6 members, including 3 executive directors and 3 independent non-executive directors, ensuring a balanced oversight structure[89]. - The company has complied with listing rules by having at least 3 independent non-executive directors, with one possessing suitable accounting and financial management expertise[90]. - The company has adopted a dividend policy that allows for cash or stock dividends, with distributions being contingent on the board's discretion and the group's financial performance, including earnings per share and market conditions[107]. - The audit committee reviewed the group's annual and interim financial performance, ensuring compliance with accounting standards and statutory requirements[112]. - The company has complied with the corporate governance code as of December 31, 2024, with no deviations reported[156]. Shareholder Information - The company announced a special dividend of HKD 0.04 per share (equivalent to MYR 0.02452) on May 27, 2024, and another special dividend of HKD 0.04 per share (equivalent to MYR 0.02363) on December 3, 2024[47]. - As of December 31, 2024, Ng Chee Wai holds 163,000,000 shares, representing 40.75% of the issued share capital[141]. - Lee Koon Yew holds 75,300,000 shares, representing 18.83% of the issued share capital[141]. - The company paid dividends amounting to RM 21,808,000, which represents a 42.5% increase from RM 15,337,000 in 2023[197]. Risk Management - The company has identified key risks affecting operational performance, including labor acquisition and payment delays from major clients[129]. - The group must disclose matters related to its ability to continue as a going concern when preparing the financial statements[179]. - The independent auditor has audited the consolidated financial statements for the year ending December 31, 2024, and will be proposed for reappointment at the upcoming annual general meeting[171].
比特策略(06113) - 2024 - 年度财报