Financial Performance - The total revenue for the three months ended November 30, 2021, was approximately MYR 75.1 million, an increase of about 2.7% compared to the same period in 2020[4] - Gross profit for the same period was approximately MYR 16.0 million, representing an increase of about 8.4% year-over-year[4] - The net profit recorded for the three months ended November 30, 2021, was approximately MYR 5.6 million[4] - The operating profit for the group was MYR 8.5 million, compared to MYR 6.7 million in the same period last year[5] - Basic and diluted earnings per share for the period were 0.69 sen, compared to 0.49 sen in the previous year[5] - The total comprehensive income for the period was MYR 5.97 million, compared to MYR 3.71 million in the same period last year[5] - Profit before tax for the three months ended November 30, 2021, was RM 5,550,000, up from RM 3,919,000 in 2020, indicating a significant growth of 41.6%[33] Revenue Breakdown - Revenue from packaging production was approximately 51.8 million MYR, accounting for about 68.9% of total revenue, compared to 48.3 million MYR or 66.0% in the previous year[40][48] - Revenue from insert production was approximately 16.9 million MYR, representing about 22.5% of total revenue, up from 14.5 million MYR or 19.8% in the prior year[41][48] - Revenue from the production of instruction manuals decreased to approximately 6.3 million MYR, accounting for about 8.4% of total revenue, down from 10.4 million MYR or 14.1% in the previous year[43][48] - Approximately 60.6% of total revenue for the reporting period came from Malaysian customers, with the remainder from Singapore and the Philippines[39] Costs and Expenses - The cost of goods sold for the same period was RM 59,034,000, compared to RM 58,307,000 in 2020, reflecting a slight increase[25] - For the three months ended November 30, 2021, the cost of sales increased by approximately 1.3% or 0.7 million MYR compared to the same period in 2020, primarily due to increases in material and labor costs[53] - Distribution expenses increased by approximately 24.2% from 2.9 million MYR for the three months ended November 30, 2020, to 3.7 million MYR for the same period in 2021, mainly due to increased transportation costs driven by higher customer demand[56] - Administrative expenses remained stable at approximately 5.0 million MYR for the three months ended November 30, 2021, consistent with the same period in 2020[57] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the three months ended November 30, 2021[4] - The company did not recommend an interim dividend for the three months ended November 30, 2021, compared to no dividend in the same period of 2020[26] - The company’s major shareholder, Ong Yoong Nyock, holds 51.00% of the shares, amounting to 408,000,000 shares[64] - Stan Cam Holdings Limited and Ralexi Investment Holdings each hold 15.00% of the shares, amounting to 120,000,000 shares[68] Operational Developments - The company operates in a single business segment focused on printing and manufacturing of packaging products and printed paper labels[16] - The company has acquired new machinery, including an automatic die-cutting machine and a new automatic rigid box manufacturing machine, to enhance production efficiency and reduce reliance on external subcontractors[48][49] - The company has relocated its Malaysian factory and enhanced necessary facilities to improve production delivery times and overall efficiency[48] Market and Economic Conditions - The ongoing COVID-19 pandemic continues to create significant uncertainty, impacting the global economy and presenting challenges for the company in the fiscal year 2021/2022[49] - The effective tax rate for the period was 19.8%, with income tax expenses amounting to RM 1,100,000, compared to RM 334,000 in 2020[29] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the three months ended November 30, 2021[76] - The audit committee has been established in accordance with GEM listing rules and has reviewed the financial statements for the first quarter[78] - The board confirmed that major shareholders and their close associates did not hold any interests in businesses that directly or indirectly compete with the group during the three months ended November 30, 2021[73]
东骏控股(08383) - 2022 Q1 - 季度财报