Financial Performance - Revenue for the six months ended September 30, 2022, was approximately HKD 68.6 million, an increase of 3.2% compared to HKD 66.5 million for the same period in 2021[5] - Gross profit for the six months ended September 30, 2022, was approximately HKD 5.8 million, compared to HKD 0.4 million for the same period in 2021[5] - Loss attributable to owners of the company for the six months ended September 30, 2022, was approximately HKD 18.5 million, a decrease from HKD 36.2 million for the same period in 2021[5] - Revenue increased by 3.2% from approximately HKD 66.5 million for the six months ended September 30, 2021, to HKD 68.6 million for the six months ended September 30, 2022[26] - Gross profit for the six months ended September 30, 2022, was approximately HKD 5.8 million, a significant increase from HKD 0.4 million for the same period in 2021, due to a reduction in costs from HKD 66.2 million to HKD 62.9 million[28] - The company recorded a loss before tax of approximately HKD 18.5 million for the six months ended September 30, 2022, an improvement from a loss of HKD 36.2 million for the same period in 2021[30] - The group recorded a total segment LBITDA of HKD (12,797,000) for the six months ended September 30, 2022, compared to HKD (28,275,000) for the same period in 2021, indicating an improvement in operational performance[93] - The total loss attributable to the owners of the company for the period was HKD (18,525,000), compared to a loss of HKD (36,153,000) in the previous year, showing a reduction in losses by approximately 48.7%[93] Revenue Breakdown - Total revenue breakdown by service category for the six months ended September 30, 2022, included building construction services at HKD 8.0 million (11.6%), renovation and building services at HKD 54.2 million (79.0%), maintenance of historical buildings at HKD 5.7 million (8.3%), and property development and investment at HKD 0.8 million (1.1%)[10] - The construction and engineering services segment generated revenue of HKD 67,863,000, compared to HKD 65,919,000 in the previous year, reflecting an increase of about 2.8%[93] - The property development and investment segment reported revenue of HKD 775,000, up from HKD 589,000, marking a growth of approximately 31.6%[93] - Revenue from renovation, addition, and alteration works was HKD 54,190,000, slightly down from HKD 55,493,000, indicating a decrease of about 2.4%[97] Expenses and Costs - Administrative expenses for the six months ended September 30, 2022, were approximately HKD 13.7 million, down from HKD 16.4 million for the same period in 2021[5] - Total employee costs for the six months ended September 30, 2022, were approximately HKD 13.0 million, down from HKD 20.7 million for the same period last year[45] - Financial costs decreased to HKD 3,850,000 for the six months ended September 30, 2022, down 34% from HKD 5,861,000 in the same period of 2021[104] Cash Flow and Liquidity - The company had cash and bank balances of approximately HKD 7.4 million as of September 30, 2022, down from HKD 10.2 million as of March 31, 2022[34] - For the six months ended September 30, 2022, the net cash flow used in operating activities was HKD (12,788) thousand, compared to HKD (26,355) thousand for the same period in 2021, representing a 51.5% improvement[76] - Cash and cash equivalents at the end of the period were HKD 7,363 thousand, down from HKD 12,642 thousand in the previous year, indicating a decrease of 41.7%[76] - The total cash and cash equivalents decreased by HKD 9,985 thousand during the period, compared to a decrease of HKD 4,632 thousand in the previous year, reflecting a worsening cash position[76] Debt and Borrowings - As of September 30, 2022, total interest-bearing borrowings amounted to approximately HKD 115.2 million, up from HKD 106.6 million as of March 31, 2022[31] - Loans from a shareholder increased to HKD 107,624,000 as of September 30, 2022, from HKD 89,436,000 as of March 31, 2022, reflecting an increase of approximately 20.3%[143] - The company's total liabilities as of September 30, 2022, were HKD 70,614,000, up from HKD 68,209,000 as of March 31, 2022, indicating a growth of about 3.5%[133] Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting[63] - The company is focused on enhancing its governance practices in line with the corporate governance code[61] - There were no reported violations of the company's securities trading guidelines by employees during the period[62] Impact of COVID-19 - The ongoing COVID-19 pandemic has significantly impacted the company's business performance and operating environment, leading to increased uncertainty[24] - The company has implemented emergency measures to address the challenges posed by the pandemic[24] Future Outlook and Strategy - The company continues to focus on its core business areas, including building construction, renovation, and property development, while managing its administrative costs effectively[8] - The company plans to maintain competitiveness through low-risk bidding strategies, strict cost control, expanding the customer base, and broadening service offerings[37] Shareholder Information - The company has not declared any interim dividend for the six months ended September 30, 2022[6] - The board has resolved not to declare any interim dividend for the six months ended September 30, 2022[57] - The group did not declare any dividends for the six months ended September 30, 2022, consistent with the previous year[113]
迪米生活控股(01667) - 2023 - 中期财报