Financial Performance - The group's unaudited revenue for the nine months ended April 30, 2023, was approximately SGD 14,231,000, an increase of about SGD 7,836,000 compared to the same period in 2022[6]. - The group reported an unaudited loss of approximately SGD 140,000 for the nine months ended April 30, 2023, significantly improved from a loss of approximately SGD 1,344,000 in the same period of 2022[6]. - For the three months ended April 30, 2023, the group's revenue was SGD 4,051,654, compared to SGD 2,139,046 for the same period in 2022, representing an increase of approximately 89.4%[7]. - The gross profit for the nine months ended April 30, 2023, was SGD 3,293,873, up from SGD 1,445,079 in the same period of 2022, indicating a growth of approximately 128.5%[7]. - The total comprehensive loss for the nine months ended April 30, 2023, was SGD 220,240, a significant reduction from SGD 1,344,821 in the same period of 2022[9]. - The basic and diluted loss per share for the nine months ended April 30, 2023, was SGD 0.008, compared to SGD 0.090 for the same period in 2022[8]. - The company's revenue increased from approximately SGD 6,395,000 for the nine months ended April 30, 2022, to approximately SGD 14,231,000 for the nine months ended April 30, 2023, representing a growth of about 122.5%[31]. - Revenue from manpower outsourcing services rose from approximately SGD 6,329,000 for the nine months ended April 30, 2022, to approximately SGD 14,128,000 for the nine months ended April 30, 2023, an increase of approximately SGD 7,799,000 or 123.2%[31]. - Other income rose from approximately SGD 218,000 for the nine months ended April 30, 2022, to approximately SGD 745,000 for the nine months ended April 30, 2023, an increase of approximately SGD 527,000[33]. Expenses and Costs - The group incurred administrative expenses of SGD 3,891,428 for the nine months ended April 30, 2023, compared to SGD 2,811,635 in the same period of 2022, reflecting an increase of approximately 38.4%[7]. - The service costs for the nine months ended April 30, 2023, were SGD 10,936,642, compared to SGD 4,950,316 in 2022, which is an increase of approximately 120.1%[24]. - The company reported a pre-tax loss for the nine months ended April 30, 2023, with service costs including salaries and bonuses amounting to SGD 10,209,675, compared to SGD 4,321,002 in 2022, reflecting a growth of about 136.5%[24]. - The financing costs for the nine months ended April 30, 2023, totaled SGD 71,708, up from SGD 51,299 in 2022, indicating a rise of about 39.7%[23]. - Administrative expenses increased from approximately SGD 2,812,000 for the nine months ended April 30, 2022, to approximately SGD 3,891,000 for the nine months ended April 30, 2023, an increase of approximately SGD 1,079,000[34]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the nine months ended April 30, 2023[6]. - The company does not recommend the payment of dividends for the nine months ended April 30, 2023[28]. - No dividends were proposed for the nine months ending April 30, 2023[52]. - As of April 30, 2023, Irregular Consulting Limited holds 228,665,000 shares, representing 12.70% of the issued share capital[43]. Operational Focus and Strategy - The group continues to focus on expanding its human resource outsourcing and recruitment services[11]. - The company aims to deepen relationships with existing clients and explore new business opportunities to expand market share and enhance shareholder value[40]. Employment and Resources - As of April 30, 2023, the company employed a total of 124 employees, an increase from 103 employees in 2022[37]. - Cash and cash equivalents increased to approximately SGD 2,232,000 as of April 30, 2023, from approximately SGD 271,000 as of July 31, 2022, representing an increase of approximately SGD 1,961,000[38]. Compliance and Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[49]. - The audit committee reviewed the unaudited consolidated results for the nine months ending April 30, 2023[54]. - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme during the nine-month period[51]. - The company did not purchase, sell, or redeem any of its listed securities during the review period[46]. - There were no significant transactions, arrangements, or contracts involving the company's directors during the review period[50]. - The board confirmed compliance with the trading requirements for directors during the review period[47]. - The company has no knowledge of any competing businesses or interests that may conflict with its operations[45]. Other Information - The company is registered in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange since July 15, 2016[10]. - The company adopted all new and revised International Financial Reporting Standards effective from August 1, 2022, with no significant impact on the financial statements[17]. - The depreciation of property, plant, and equipment for the nine months ended April 30, 2023, was SGD 38,607, down from SGD 140,466 in 2022, indicating a decrease of about 72.5%[24]. - No major events occurred after the nine months ending April 30, 2023, up to the report date[53].
星亚控股(08293) - 2023 Q3 - 季度财报