Revenue and Profitability - The company's total revenue increased from approximately 11,791 thousand SGD in the corresponding period to about 13,845 thousand SGD, representing a growth of approximately 17%[12] - Revenue for the period reached SGD 13,845 million, an increase of 17.4% compared to SGD 11,791 million in the previous period[72] - Gross profit increased to SGD 8,346 million, up 9.7% from SGD 7,606 million[72] - Net profit attributable to equity holders was SGD 1,777 million, representing a 4.8% increase from SGD 1,695 million[72] - The company reported a net profit attributable to equity holders of 1,666 thousand SGD for the six months ended September 30, 2022, compared to 1,704 thousand SGD for the same period in 2021, reflecting a slight decrease of 2.2%[120] Expenses and Costs - Total sales and distribution expenses grew by approximately 405 thousand SGD or 14.1%, mainly due to increased employee compensation and advertising expenses[16] - The company’s total employee benefits costs increased to 3,609 thousand SGD for the six months ended September 30, 2022, compared to 3,208 thousand SGD for the same period in 2021, reflecting an increase of 12.5%[118] - The average effective interest rate on borrowings is reported at 2.5%, compared to 1.3% in the previous period[130] Dividends - The company declared an interim dividend of 0.133 SGD per share, compared to no dividend in the corresponding period[21] - The company declared an interim dividend of 0.133 per share, totaling 1,066,000, compared to no dividend declared in the previous year[134] Financial Position - As of September 30, 2022, the total equity of the group was approximately SGD 25.5 million, down from SGD 28.9 million as of March 31, 2022[43] - The group's current assets were approximately SGD 27.4 million, while current liabilities were about SGD 4.1 million, resulting in a current ratio of approximately 6.7[43] - The group had outstanding bank borrowings of approximately SGD 2.1 million as of September 30, 2022, compared to SGD 2.2 million as of March 31, 2022[44] - The group held cash and cash equivalents of approximately SGD 24.1 million as of September 30, 2022, down from SGD 28.4 million as of March 31, 2022[44] - The debt-to-equity ratio of the group was approximately 16% as of September 30, 2022, compared to 15% as of March 31, 2022[46] Business Operations - Sales from retail stores in Malaysia increased by approximately 911 thousand SGD or 59%, attributed to the easing of COVID-19 restrictions and the opening of new stores in Indonesia[12] - Franchise sales to overseas franchisees increased significantly, contributing to overall revenue growth[12] - The overall sales of non-self-operated stores increased, leading to a rise in royalty fee income by approximately 149 thousand SGD or 44%[12] - The company remains cautious about ongoing challenges in the snack and beverage industry, particularly regarding rising costs and labor shortages[19] - The company plans to continue exploring potential business opportunities to improve overall profitability[20] Shareholder Information - As of September 30, 2022, the company has 800,000,000 issued shares, with Daniel Tay and Huang Zhidai each holding 600,000,000 shares, representing 75% ownership[56] - Daniel Tay and Huang Zhidai each have a 50% beneficial ownership in Qiaomai Limited, which holds 600,000,000 shares[61] - The company did not repurchase any of its listed securities during the review period[63] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results and confirmed compliance with applicable accounting standards[68] - The company has adopted the corporate governance code and is committed to maintaining high standards of corporate governance[65] - No changes in director information have occurred since the last annual report date[64] - The company has confirmed that all directors complied with the securities trading code during the review period[67] Other Financial Metrics - Total assets decreased to SGD 33,205 million from SGD 37,130 million, a decline of 10.4%[78] - Cash and cash equivalents decreased to SGD 24,101 million from SGD 28,432 million, a reduction of 15.4%[95] - Operating cash flow generated was SGD 2,279 million, down from SGD 3,109 million, a decrease of 26.7%[91] - Total liabilities decreased to SGD 7,657 million from SGD 8,248 million, a decline of 7.2%[81] - The company reported a foreign exchange loss of SGD 111 million, compared to a gain of SGD 9 million in the previous period[72] Government Support - Other income from government subsidies decreased to approximately 73 thousand SGD, down from 496 thousand SGD in the corresponding period[17] - Government grants received were 73 thousand SGD for the six months ended September 30, 2022, a decrease of 85.3% from 496 thousand SGD in the same period of 2021[114]
快餐帝国(01843) - 2023 - 中期财报