Financial Performance - Total revenue for the six months ended September 30, 2022, decreased by approximately 26.7% or HKD 91.8 million to HKD 251.5 million compared to HKD 343.3 million for the same period in 2021[10] - The net profit for the six months ended September 30, 2022, was approximately HKD 1.5 million, a significant improvement from a net loss of HKD 9.3 million for the same period in 2021[18] - Basic and diluted earnings per share for the six months ended September 30, 2022, were HKD 0.15, compared to a loss of HKD 0.92 for the same period in 2021[19] - The group recorded a gross profit of HKD 23.9 million for the six months ended September 30, 2022, compared to HKD 19.4 million for the same period in 2021[23] - Revenue from superstructure construction services decreased to HKD 224,619 thousand for the six months ended September 30, 2022, down 29% from HKD 317,687 thousand in the same period of 2021[47] - The company reported a total comprehensive income of HKD 1,513 thousand for the six months ended September 30, 2022, compared to a loss of HKD (9,289) thousand for the same period in 2021[33] - The company reported a profit of approximately HKD 1.5 million for the six months ended September 30, 2022, compared to a net loss of approximately HKD 9.3 million for the same period in 2021, marking a turnaround from loss to profit[75] Assets and Liabilities - The total current assets as of September 30, 2022, increased to HKD 364.3 million from HKD 259.1 million as of March 31, 2022[26] - Total current liabilities increased to HKD 340,002 thousand as of September 30, 2022, compared to HKD 216,602 thousand as of March 31, 2022, representing a 57% increase[30] - Cash and cash equivalents decreased to HKD 27,005 thousand as of September 30, 2022, from HKD 58,549 thousand at the beginning of the period[36] - Total assets as of September 30, 2022, were approximately HKD 446.5 million, with total liabilities and equity at approximately HKD 340.3 million and HKD 106.2 million, respectively[76] - The debt-to-equity ratio increased to approximately 138.5% as of September 30, 2022, up from approximately 67.0% as of March 31, 2022, with total interest-bearing debt at approximately HKD 147.1 million[77] - Trade receivables increased to HKD 60.2 million as of September 30, 2022, from HKD 26.1 million as of March 31, 2022[58] - Trade payables increased to HKD 123.6 million as of September 30, 2022, from HKD 81.8 million as of March 31, 2022[61] Expenses and Costs - The group’s administrative and other operating expenses decreased to HKD 24.0 million for the six months ended September 30, 2022, from HKD 28.1 million for the same period in 2021[23] - Employee costs for the six months ended September 30, 2022, were approximately HKD 24.6 million, a decrease from approximately HKD 29.0 million for the same period in 2021[90] - Financing costs decreased by HKD 0.4 million or 18.0% to HKD 1.7 million for the six months ended September 30, 2022[73] Dividends and Share Capital - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2022[20] - The company did not declare an interim dividend for the six months ended September 30, 2022, consistent with the same period in 2021[54] - The issued share capital as of September 30, 2022, was HKD 10,130,000, with a total of 1,013,000,000 ordinary shares issued[83] - The total number of shares issued as of September 30, 2022, is 1,013,000,000[110] Governance and Management - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting[140] - The company reviewed its accounting principles and internal control procedures for the six months ending September 30, 2022[140] - The interim financial statements for the period were discussed and reviewed by the management and the audit committee[140] - The chairman of the company is Mr. Ng Choi Wah, with a team of executive and independent non-executive directors[140] - The company has complied with the corporate governance code principles during the reporting period[115] Strategic Focus - The group plans to continue focusing on its core business as a general contractor in Hong Kong while exploring new opportunities and potential acquisition targets[11] - The management acknowledges the impact of COVID-19 and geopolitical tensions on project execution and is taking appropriate measures to navigate these challenges[65]
正利控股(03728) - 2023 - 中期财报