Financial Performance - Revenue for the six months ended June 30, 2022, was RM 44,315,000, a decrease of 5.2% from RM 46,760,000 in the same period of 2021[13] - Operating profit for the same period was RM 12,022,000, down 21.1% from RM 15,355,000 in 2021[13] - Profit before tax decreased to RM 11,950,000, a decline of 20.1% compared to RM 15,041,000 in the previous year[13] - Total comprehensive income for the period was RM 9,203,000, down 18.4% from RM 11,292,000 in 2021[13] - Basic earnings per share for the six months ended June 30, 2022, was 2.30 sen, compared to 2.82 sen in the same period of 2021[13] - The company reported a net profit of approximately 9.20 million MYR for the six months ended June 30, 2022, a decrease of about 2.09 million MYR compared to 11.29 million MYR for the same period in 2021[96] - The average monthly revenue per seat decreased from 7,040 MYR for the six months ended June 30, 2021, to 6,714 MYR for the same period in 2022, a decline of 326 MYR[101] - Total employee costs for the six months ended June 30, 2022, were approximately MYR 27.18 million, up from MYR 25.76 million in the same period of 2021, representing 61.3% of total revenue[119] Assets and Liabilities - Non-current assets as of June 30, 2022, totaled RM 20,833,000, an increase from RM 20,407,000 as of December 31, 2021[15] - Current assets amounted to RM 62,961,000, a decrease from RM 69,933,000 at the end of 2021[15] - Total liabilities decreased to RM 7,271,000 from RM 11,424,000 as of December 31, 2021[15] - Net assets as of June 30, 2022, were RM 75,247,000, down from RM 78,044,000 at the end of 2021[15] - The total equity as of June 30, 2022, was 75,247 thousand MYR, a decrease from 78,044 thousand MYR as of January 1, 2022, reflecting a reduction of approximately 3.6%[30] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2022, was 5,095 thousand MYR, down from 13,263 thousand MYR in the previous year, indicating a decline of about 61.5%[34] - The net cash and cash equivalents decreased by 4,247 thousand MYR during the six months ended June 30, 2022, compared to an increase of 3,519 thousand MYR in the same period of 2021[34] - The company generated a net cash inflow from operating activities of approximately 5.10 million MYR for the six months ended June 30, 2022, down from about 13.26 million MYR in the same period of 2021[113] Expenses and Costs - The total operating expenses for the six months ended June 30, 2022, were 6,413 thousand MYR, slightly up from 6,066 thousand MYR in the previous year, indicating an increase of about 5.7%[46] - Employee costs increased by approximately 1.42 million MYR or 5.5% to about 27.18 million MYR for the six months ended June 30, 2022, compared to 25.76 million MYR in the previous year[105] Dividends and Shareholder Information - The company paid dividends of 12,000 thousand MYR during the six months ended June 30, 2022, compared to 8,560 thousand MYR in the same period of 2021, marking an increase of approximately 40.1%[34] - The board does not recommend the distribution of an interim dividend for the six months ending June 30, 2022, compared to 6 HK cents per ordinary share for the same period in 2021[172] - As of June 30, 2022, the major shareholders include Ng Chee Wai with 45% ownership, Lee Koon Yew with 16.5%, and Kwan Kah Yew with 13.5%[151] Management and Governance - The total remuneration paid to key management personnel for the six months ended June 30, 2022, was 4,250,000 MYR, a slight decrease from 4,530,000 MYR in 2021[82] - The company has complied with the corporate governance code as of June 30, 2022, with no deviations reported[181] - The audit committee, established on June 14, 2017, reviewed the interim results for the six months ending June 30, 2022, with no objections to the accounting policies adopted[182] Market and Operational Outlook - The overall outlook for the second half of 2022 is expected to remain stable and strong, with no significant discrepancies in existing customer bookings[145] - The company continues to review potential business opportunities to increase service seat numbers beyond existing customer bookings[145] - The transition to endemic COVID-19 in Malaysia has allowed for the removal of all business operation time restrictions[145] Risk Management - The company has no significant contingent liabilities as of June 30, 2022, consistent with the previous year[90] - The company has no foreign exchange hedging policy and is closely monitoring foreign exchange risks[138] - The company is actively monitoring the collection cycle of trade receivables to mitigate cash flow risks associated with customer payment delays[124] Capital Expenditures and Investments - The group purchased property, plant, and equipment at a cost of approximately 584,000 MYR for the six months ended June 30, 2022, compared to about 166,000 MYR in 2021, indicating a significant increase in capital expenditure[56] - The group has capital commitments related to potential equity investments and acquisitions amounting to MYR 3.96 million as of June 30, 2022[125] Employee and Workforce - The total number of employees as of June 30, 2022, was 1,282, a decrease from 1,304 employees as of June 30, 2021[137] - The company has established a performance-based commission structure to attract and retain skilled employees, particularly in its telemarketing sales division[119]
比特策略(06113) - 2022 - 中期财报