Financial Performance - Revenue for the six months ended September 30, 2022, was $66.666 million, an increase of 13.8% compared to $58.768 million in the same period of 2021[4]. - Gross profit for the same period was $25.118 million, up from $21.301 million, reflecting a gross margin improvement[4]. - Operating profit surged to $2.421 million from just $67, indicating a significant operational turnaround[4]. - Net profit for the period was $803, a recovery from a loss of $660 in the previous year[4]. - Basic earnings per share increased to $0.06 from a loss of $0.03, demonstrating improved profitability[4]. - The company reported a net profit of $1,044 thousand for the six months ended September 30, 2022, compared to a loss of $511 thousand in the previous period, indicating a significant turnaround[24]. - The operating profit for the six months ended September 30, 2022, was $1,044,000, compared to a loss of $511,000 in the same period of 2021, indicating a significant turnaround[116]. - EBITDA for the period was $4,919,000, up 63.2% from $3,014,000 in the previous year[179]. - The group’s earnings per share for the six months ended September 30, 2022, was 0.06 cents, a recovery from a loss of 0.03 cents in the same period of 2021[116]. Assets and Liabilities - Total assets as of September 30, 2022, were $207.559 million, down from $219.525 million as of March 31, 2022[10]. - Current liabilities increased to $55.285 million from $51.560 million, indicating a rise in short-term obligations[10]. - The company reported a net asset value of $69.848 million in current assets, down from $75.810 million[10]. - As of September 30, 2022, total equity amounted to $147,384 thousand, a decrease from $162,579 thousand on April 1, 2022, reflecting a decline of approximately 9.3%[24]. - The total assets as of September 30, 2022, amounted to $207,559 thousand, with total liabilities of $(60,175) thousand[94]. - The group reported a total liability of $57,330,000, with segment liabilities in Malaysia and other Southeast Asian countries at $(10,850,000) and $(33,208,000) respectively[99]. Cash Flow and Investments - Operating cash flow for the six months ended September 30, 2022, was $5,973 thousand, slightly up from $5,806 thousand in the same period last year, representing an increase of about 2.9%[29]. - The company experienced a net cash inflow from investing activities of $3,883 thousand, a recovery from a net outflow of $3,244 thousand in the previous year[29]. - Total cash and cash equivalents at the end of the period were $65,760 thousand, an increase from $64,467 thousand at the end of the previous period, showing a growth of approximately 2%[29]. - As of September 30, 2022, the company had cash and cash equivalents totaling $90,894,000, with a net asset value per share of $0.0876[180]. - The group’s total liabilities included unallocated liabilities of $(6,869,000)[99]. Segment Performance - Revenue from the Publishing and Printing segment primarily comes from advertising services and sales of newspapers and magazines, while the Travel segment generates revenue from tour sales and travel services[77]. - Advertising revenue reached $38,341 thousand, up from $34,702 thousand in the previous year, indicating a growth of about 15.7%[90]. - The segment profit before tax for Malaysia was $2,816 thousand, while the North America segment reported a loss of $(2,173) thousand[82]. - Revenue from travel and related services was $5,002 thousand, showing a significant increase from $542 thousand in the same period last year[90]. - The publishing and printing segment's revenue grew by 5.9% to $61,664,000, with profit before tax rising from $819,000 to $2,821,000[177]. - The travel segment's revenue surged from $542,000 to $5,002,000, reducing the loss before tax from $631,000 to $344,000[178]. - The Malaysian business recorded a revenue increase of 9.8% to $36,654,000, with profit before tax improving significantly from $403,000 to $2,816,000[182]. - The Hong Kong and Taiwan segment saw a slight revenue increase of 2.0% to $21,530,000, with profit before tax more than doubling to $2,178,000[183]. - The North American segment's revenue decreased by 6.7% to $3,480,000, resulting in a loss before tax widening from $501,000 to $2,173,000[187]. Comprehensive Income and Loss - Other comprehensive loss for the period was $(12.280) million, compared to $(2.155) million in the previous year, primarily due to currency translation differences[7]. - The company reported a currency translation loss of $13,213 thousand, impacting the overall comprehensive income for the period[24]. - The total comprehensive loss for the period was $12,280 thousand, compared to a total comprehensive income of $1,044 thousand, indicating a significant decline in overall performance[24]. Dividends and Shareholder Returns - The company declared an interim dividend of $2,531 thousand for the 2021/2022 fiscal year, up from $1,687 thousand in the previous year, reflecting a 50% increase[29]. - The company declared an interim dividend of $0.15 per ordinary share for the 2021/2022 fiscal year, totaling $2,531,000, compared to $1,687,000 in the previous year[117]. Operational Strategy and Future Outlook - The company continues to focus on enhancing its operational efficiency and exploring market expansion opportunities[4]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[89]. - The group is expanding its digital business through a new marketing strategy with the M-Lab platform, aiming to enhance data marketing revenue and improve yield[189]. - The group anticipates that the easing of quarantine regulations in Hong Kong will positively impact its travel and tourism business in the second half of the fiscal year[192]. - The group expects advertising spending in Malaysia to rise due to the upcoming 15th general election in the last quarter of 2022[192]. - The group is committed to maintaining strict cost control while launching more content curation and cross-platform advertising solutions[192]. - The group aims to leverage its media assets and reader base to drive future digital business growth[190].
世界华文媒体(00685) - 2023 - 中期财报