Financial Performance - Revenue for the three months ended July 31, 2023, was approximately HKD 12.1 million, a decrease of about 50.8% compared to HKD 24.7 million for the same period in 2022[8] - Loss attributable to equity holders for the three months ended July 31, 2023, was approximately HKD 1.6 million, a reduction of about 53.5% from a loss of HKD 3.5 million in the same period last year[8] - Basic and diluted loss per share for the three months ended July 31, 2023, was approximately HKD 0.66 cents, compared to HKD 1.48 cents for the same period in 2022[8] - Gross profit for the three months ended July 31, 2023, was approximately HKD 0.2 million, a decrease of about 61.0% from HKD 0.6 million in the same period last year[16] - Gross profit margin decreased from approximately 2.3% for the three months ended July 31, 2022, to 1.9% for the same period in 2023[16] - Direct costs for the three months ended July 31, 2023, were approximately HKD 11.9 million, a decrease of about 50.5% from HKD 24.1 million in the same period last year[16] - For the three months ended July 31, 2023, the company reported a net loss of approximately HKD 1.6 million, a decrease from a net loss of approximately HKD 3.5 million for the same period in 2022, primarily due to reduced employee costs and professional fees[19] - The company reported a loss before tax of HKD 1,621,000 for the three months ended July 31, 2023, compared to a loss of HKD 3,487,000 in the same period last year, representing a 53.5% improvement[37] - Basic and diluted loss per share for the period was HKD 0.66, an improvement from HKD 1.48 in the previous year[37] - Other income and losses for the same period resulted in a loss of approximately HKD 1.0 million, compared to income of approximately HKD 1.0 million in 2022, mainly due to fair value losses on financial assets of approximately HKD 0.6 million and impairment losses of approximately HKD 0.4 million[18] Administrative Expenses - Administrative expenses for the three months ended July 31, 2023, were approximately HKD 0.8 million, a significant decrease of about 83.9% from HKD 5.0 million in the same period last year[17] - Total administrative expenses decreased to HKD 798,000 from HKD 4,971,000, a reduction of 83.9%[37] Business Strategy and Market Expansion - The company plans to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[12] - The company will continue to focus on site formation and renovation works in Hong Kong while enhancing its competitive advantages in the construction industry[12] - The company operates primarily in Hong Kong, focusing on site formation and renovation works[42] Corporate Governance - The board believes that the company has complied with the corporate governance code during the three months ended July 31, 2023[28] - The company aims to maintain high standards of corporate governance to build trust with shareholders and stakeholders[26] - The company has adopted a share option scheme in September 2016, in compliance with GEM Listing Rules[31] - The company’s directors and their close associates confirmed no interests in any competing businesses that may directly or indirectly compete with the company[24] Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2023, consistent with the previous year[30] - No major shareholders reported any interests or short positions in the company's shares as of July 31, 2023[22] - As of July 31, 2023, the company had a total of 47,040,000 unexercised share options, with the exercise price ranging from HKD 0.12 to HKD 0.7[33] Financial Position - The company’s total equity attributable to equity holders as of July 31, 2023, was HKD 74,575,000, down from HKD 97,646,000 as of July 31, 2022[39] - There were no interest expenses from other borrowings for the three months ended July 31, 2023, compared to HKD 66,000 in the same period of 2022, indicating a reduction in financial costs[57] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position[45] Customer Contributions - Major customer A contributed HKD 5,812,000 to revenue, down 69.3% from HKD 18,944,000 in the previous year, while major customer B contributed HKD 6,334,000, up 10.8% from HKD 5,718,000[52]
泰锦控股(08321) - 2024 Q1 - 季度财报