Financial Performance - For the three months ended September 30, 2022, the company reported revenue of SGD 14,258,060, a significant increase of 176% compared to SGD 5,154,573 for the same period in 2021[4] - Gross profit for the three months ended September 30, 2022, was SGD 2,043,223, representing a gross margin of approximately 14.3%, compared to SGD 358,076 in the same period of 2021[4] - The company achieved a net profit of SGD 1,871,145 for the three months ended September 30, 2022, compared to SGD 111,851 for the same period in 2021, marking a substantial increase of 1,573%[4] - Total revenue for the nine months ended September 30, 2022, reached SGD 26,111,676, a 94% increase from SGD 13,461,082 in the same period of 2021[4] - For the nine months ended September 30, 2022, the company reported revenue of approximately SGD 26,112,000, a 94% increase from SGD 13,461,000 in 2021[29] - The profit for the same period was approximately SGD 2,380,000, compared to SGD 603,000 in 2021, reflecting significant growth[29] - Gross profit for the nine months was approximately SGD 3,990,000, with a gross margin of about 15.3%, up from 14.3% in 2021[29] - The company recorded a profit before tax of approximately SGD 2,360,000 for the nine months ended September 30, 2022, compared to SGD 697,000 in the same period of 2021[30] Revenue Breakdown - Revenue from the signage business for the three months ended September 30, 2022, was SGD 2,104,063, up from SGD 1,830,022 in 2021, while renovation and refurbishment services generated SGD 12,153,997, up from SGD 3,324,551[11] - Revenue from the sale of signage and advertising in the public and private sectors was approximately SGD 5,328,000 for the nine months ended September 30, 2022, a decrease of SGD 668,000 from SGD 5,996,000 in 2021[31] - Revenue from renovation and refurbishment services for commercial and residential properties increased by approximately SGD 13,318,000, totaling SGD 20,783,000 for the nine months ended September 30, 2022, compared to SGD 7,465,000 in 2021[31] Earnings and Share Performance - The basic and diluted earnings per share for the three months ended September 30, 2022, were SGD 0.790, compared to SGD 0.050 for the same period in 2021[4] - Basic and diluted earnings per share for the nine months were SGD 1.026, up from SGD 0.345 in 2021[22] Expenses and Costs - The company reported other income of SGD 102,832 for the three months ended September 30, 2022, down from SGD 136,887 in the same period of 2021[16] - The company’s financing costs for the three months ended September 30, 2022, were SGD 13,996, compared to SGD 7,163 in the same period of 2021, indicating an increase in financing expenses[4] - Financing costs for the nine months totaled SGD 33,815, an increase from SGD 22,442 in 2021[18] - For the nine months ended September 30, 2022, the company's sales and administrative expenses were approximately SGD 2,450,000, an increase of SGD 569,000 or 30.2% compared to SGD 1,881,000 in 2021[30] - Total employee costs, including directors' remuneration, were approximately SGD 2,912,000 for the nine months ended September 30, 2022, compared to SGD 2,079,000 in 2021[33] Tax and Other Income - The company reported a tax expense of SGD 16,400 for the three months ended September 30, 2022, compared to a tax credit of SGD 15,700 in 2021[21] - Other income for the nine months included government subsidies related to COVID-19 of approximately SGD 94,000[29] - The company recorded foreign exchange gains of approximately SGD 581,000 due to the appreciation of receivables and cash denominated in HKD against SGD[29] - Interest income from receivables amounted to approximately SGD 158,000 for the nine months[29] Corporate Governance and Compliance - The board of directors has confirmed compliance with the corporate governance code throughout the nine months ending September 30, 2022[45] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending September 30, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[47] Share Options and Ownership - The company has issued a total of 12,800,000 share options under its share option plan, with an exercise price of HKD 0.45, which were fully exercised[40] - As of September 30, 2022, a total of 22,400,000 stock options remain unexercised, an increase from 12,800,000 at the beginning of the year[42] - The company’s major shareholder, Absolute Truth Investments Limited, holds approximately 16.61% of the issued share capital[38] Workforce and Strategic Focus - As of September 30, 2022, the company employed a total of 81 staff, an increase from 68 in 2021[33] - The company plans to focus more resources on renovation and refurbishment services to meet capital needs for business expansion[32] - The company will continue to manage its expenses and review business strategies to adapt to the current market environment[32] Dividends - No interim dividend was recommended for the nine months ended September 30, 2022[24]
吉辉控股(08027) - 2022 Q3 - 季度财报