Financial Performance - Revenue for the first half of 2023 was SGD 97,923,000, an increase of 8% compared to SGD 90,528,000 in the first half of 2022[8]. - Gross profit rose to SGD 70,389,000, reflecting a 16% increase from SGD 60,915,000 year-on-year[8]. - Net profit after tax increased by 21% to SGD 42,393,000, up from SGD 35,073,000 in the previous year[8]. - Earnings attributable to equity holders grew by 16% to SGD 38,301,000, compared to SGD 32,898,000 in the same period last year[8]. - Core operating profit for the first half of 2023 was SGD 36,020,000, an 11% increase from SGD 32,392,000 in the first half of 2022[13]. - Total comprehensive income for the six months was 49,405 thousand New Taiwan dollars, significantly higher than 15,978 thousand New Taiwan dollars in the same period last year[99]. - Total profit for the six months ended June 30, 2023, was 42,393 thousand SGD, an increase of 20.1% compared to 35,073 thousand SGD in 2022[22]. Dividends and Shareholder Returns - The company declared an interim dividend of 1.00 cents per share, doubling from 0.50 cents per share in the previous year[8]. - The interim dividend declared for the first half of 2023 is SGD 0.01 per share, totaling SGD 8,408,000, compared to SGD 4,209,000 for the same period in 2022[85]. Occupancy and Revenue Growth - The group's revenue increased by 8% from SGD 90.5 million in H1 2022 to SGD 97.9 million in H1 2023, driven by higher occupancy rates in Singapore and Malaysia's purpose-built worker dormitories and Australia's purpose-built student apartments[17]. - The financial occupancy rate for the purpose-built worker dormitory portfolio rose from 86% in H1 2022 to 96% in H1 2023, with Singapore's occupancy rate improving from 97% to 98%[18]. - Revenue from Singapore increased from SGD 61.0 million in H1 2022 to SGD 63.8 million in H1 2023, attributed to improved occupancy and rental recovery[18]. - In Malaysia, the financial occupancy rate for purpose-built worker dormitories improved from 70% in H1 2022 to 94% in H1 2023, with revenue rising by 42% from SGD 7.0 million to SGD 9.9 million[18]. - The financial occupancy rate for the purpose-built student apartment portfolio increased from 82% in H1 2022 to 89% in H1 2023, with revenue from Australia growing by 51% from SGD 4.5 million to SGD 6.9 million[19]. Debt and Equity - Total equity as of June 30, 2023, was SGD 755,159,000, up from SGD 708,488,000 at the end of 2022[9]. - Net debt as of June 30, 2023, was SGD 616,709,000, compared to SGD 594,829,000 at the end of 2022[9]. - The net asset to debt ratio remained stable at 43% for both periods[9]. - Total borrowings increased from SGD 663.1 million as of December 31, 2022, to SGD 688.3 million as of June 30, 2023, mainly for the acquisition of land in Ubi Avenue 3[31]. - The group maintained a net debt-to-equity ratio of 43% as of June 30, 2023, consistent with the ratio as of December 31, 2022[31]. Cash Flow and Investments - The group generated a positive cash flow from operating activities of 54.3 million SGD in the first half of 2023, with net cash used in investing activities amounting to 41.3 million SGD[36]. - The company reported a net cash outflow from investing activities of 41,275 thousand SGD, compared to 715 thousand SGD in the previous year, indicating increased investment activity[22]. - The company received dividends from associates and joint ventures amounting to 5,602 thousand SGD, up from 2,543 thousand SGD, reflecting a growth of 120.7%[22]. Strategic Developments - The group plans to develop a new purpose-built worker dormitory in Singapore, expected to add approximately 1,650 beds by 2025, in response to high demand in the Ubi Avenue 3 area[41]. - The group has secured a 10-year management contract for a purpose-built worker dormitory in Johor, Malaysia, with 2,196 beds, expected to commence operations in Q4 2023[45]. - The group is actively exploring opportunities to expand its investment portfolio in Malaysia, particularly in high-demand areas for purpose-built worker dormitories[45]. Shareholder Structure - As of June 30, 2023, the company has a total of 840,778,624 shares issued, with major shareholders holding significant stakes, including 55.94% by 罗敬惠 and 55.61% by 韩成元[60]. - The company has issued bonds with a total principal amount of SGD 53,000,000, with 罗敬惠 holding SGD 500,000 (0.94%), 趙炳光 holding SGD 1,000,000 (1.89%), and 江志明 holding SGD 1,500,000 (2.83%)[64]. - The company has disclosed no additional significant shareholdings or short positions beyond those mentioned as of June 30, 2023[69]. Employee and Operational Metrics - As of June 30, 2023, the group had 529 employees, a decrease from 561 employees as of June 30, 2022. Employee benefits expenses for the first half of 2023 totaled approximately SGD 14,916,000, down from SGD 17,810,000 in the same period of 2022[72]. - The group made capital expenditures of 5,410,000 SGD for property, plant, and equipment in the first half of 2023, compared to 4,886,000 SGD in the same period of 2022[148].
胜捷企业(06090) - 2023 - 中期财报