Financial Performance - The group's unaudited revenue decreased by 18.8% to approximately SGD 2.9 million for the nine months ended September 30, 2022, down from approximately SGD 3.6 million in the same period last year[10] - The group recorded a net loss of approximately SGD 1 million for the nine months ended September 30, 2022, compared to a net profit of approximately SGD 6.8 million in the same period last year, representing a turnaround of approximately 114.8%[10] - Basic and diluted loss per share was approximately 0.05 Singapore cents, compared to a profit of 0.34 Singapore cents in the previous year[10] - The company reported a total comprehensive loss attributable to owners of the company of SGD (733) thousand for the nine months ended September 30, 2022, compared to a profit of SGD 7,908 thousand in the same period last year[16] - The company experienced a significant increase in losses, with a total loss of SGD (1,002) thousand for the nine months ended September 30, 2022, compared to a loss of SGD 6,769 thousand in the same period last year[16] - The company reported a comprehensive loss of SGD (1,275) thousand for the nine months ended September 30, 2022, compared to a comprehensive loss of SGD 6,299 thousand in the previous year[22] - The company recorded a pre-tax loss of SGD 469,000 for the three months ended September 30, 2022, compared to a profit of SGD 7,931,000 for the same period in 2021[64] - For the nine months ended September 30, 2022, the company reported a loss attributable to owners of SGD 1,002,000 compared to a profit of SGD 6,769,000 for the same period in 2021, representing a significant decline[64] Revenue Breakdown - Total revenue for the nine months ended September 30, 2022, was SGD 2,949,000, a decrease from SGD 3,634,000 in the same period of 2021, representing a decline of approximately 18.9%[49] - Revenue from Singapore for the nine months was SGD 2,503,000, down from SGD 3,445,000 in the previous year, indicating a decrease of about 27.4%[47] - The investment management segment generated SGD 1,071,000 in fund management fees for the nine months, an increase from SGD 738,000 in the same period last year, reflecting a growth of approximately 45%[55] - The acquisition and project management services reported revenue of SGD 1,294,000 for the nine months, compared to SGD 1,977,000 in the previous year, showing a decline of about 34.6%[55] - Property management and leasing management fees totaled SGD 29,000 for the nine months, consistent with the previous year, indicating stable performance in this segment[55] - The revenue from external clients in Australia increased to SGD 87,000 for the nine months, up from SGD 57,000 in the previous year, marking a growth of approximately 52.6%[47] Costs and Expenses - Total employee costs decreased by 10.1% to approximately SGD 3 million, with the number of employees slightly reduced from 34 to 33[10] - Project management and acquisition costs increased from approximately SGD 380,000 in the previous period to approximately SGD 1.2 million in the review period[10] - The company incurred professional fees of SGD 247,000 for the nine months ended September 30, 2022, an increase from SGD 145,000 in the same period of 2021[59] - Other expenses, net increased by approximately SGD 117,000 or 9.6% from about SGD 1,200,000 to approximately SGD 1,300,000[107] Dividends and Shareholder Information - The group did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[10] - The company has not issued any options under the share option plan as of September 30, 2022[115] - Mr. Yao and Ms. Shen hold 51% and 49% of the issued share capital of ZACD Investments, respectively[135] - As of September 30, 2022, Mr. Yao and Ms. Shen are deemed to have interests in all shares held by ZACD Investments, totaling 1,298,600,000 shares, representing 64.93% of the issued share capital[144] Operational Focus and Strategy - The company continues to focus on investment management services, including special purpose entity investment management and fund management, as part of its core operations[29] - The group continues to streamline existing operations to focus on core revenue streams and is actively seeking growth opportunities in attractive assets and underperforming assets with redevelopment potential, particularly in Singapore and nearby regions[119] - The group is focused on creating a pipeline of acquisition assets for its investment management, acquisition, and project management businesses[119] - The company is actively managing its investments through special purpose entities to provide investment management services to real estate project investors[36] - The group acknowledges the competitive nature of the real estate industry in Singapore but believes it can leverage its local expertise to capture growth opportunities[119] Legal and Compliance - The company has not made any provisions for contingent liabilities as of September 30, 2022, after external lawyers found no evidence of negligence or fraud by the company's management[78] - The audit committee consists of three independent non-executive directors and has reviewed the financial performance for the nine months ending September 30, 2022[152] - The company has complied with the required trading standards and codes of conduct for directors since the listing date[143] Future Outlook - The group is closely monitoring the long-term impacts of the COVID-19 pandemic, rising interest rates, and inflation on its performance and will adjust its operational and business strategies as necessary[119] - The group sees growth potential in the family office sector, particularly in Southeast Asia, through partnerships with public and private sectors[122] - The company is currently executing nine corporate advisory mandates, including investment advisory services for a family office with assets of approximately USD 100 million[83]
杰地集团(08313) - 2022 Q3 - 季度财报