Financial Performance - For the nine months ended May 31, 2022, the total revenue of the group was approximately MYR 196.2 million, a slight decrease of about 0.2% compared to the same period in 2021[4]. - The gross profit for the nine months ended May 31, 2022, was approximately MYR 37.4 million, also a decrease of about 0.2% compared to the same period in 2021[4]. - The net profit recorded for the nine months ended May 31, 2022, was approximately MYR 13.0 million[4]. - The operating profit for the three months ended May 31, 2022, was MYR 9.3 million, compared to MYR 7.3 million for the same period in 2021, reflecting an increase of approximately 27.3%[5]. - The earnings before tax for the nine months ended May 31, 2022, was MYR 15.6 million, an increase of approximately 41.5% compared to MYR 11.0 million for the same period in 2021[5]. - The total comprehensive income for the nine months ended May 31, 2022, was MYR 13.2 million, compared to MYR 10.1 million for the same period in 2021, representing an increase of approximately 30.7%[6]. - The basic and diluted earnings per share for the nine months ended May 31, 2022, was 1.62 sen, compared to 1.25 sen for the same period in 2021, reflecting an increase of approximately 29.6%[5]. - Revenue for the nine months ended May 31, 2022, was RM 196,214,000, slightly down from RM 196,694,000 for the same period in 2021[20]. - Revenue for the three months ended May 31, 2022, was RM 62,869,000, a decrease of 8.4% compared to RM 68,527,000 for the same period in 2021[18]. - The contribution from the top five customers decreased from approximately 153.2 million MYR (77.9% of total revenue) for the nine months ended May 31, 2021, to 129.2 million MYR (65.9% of total revenue) for the same period in 2022[47]. Revenue Breakdown - Revenue from packaging production was approximately 139.0 million MYR, accounting for about 70.9% of total revenue, compared to 130.3 million MYR and 66.2% in 2021[36]. - Revenue from insert production was approximately 42.1 million MYR, representing about 21.5% of total revenue, compared to 40.4 million MYR and 20.5% in 2021[37]. - Revenue from the production of manuals was approximately 14.7 million MYR, which accounted for about 7.5% of total revenue, down from 26.0 million MYR and 13.2% in 2021[39]. - Revenue from label production was approximately 0.3 million MYR, maintaining a share of about 0.1% of total revenue, consistent with the previous year[40]. - Malaysian customers accounted for approximately 59.8% of total revenue, down from 70.5% in 2021[35]. - Revenue from Malaysia for the three months ended May 31, 2022, was RM 37,383,000, a decrease of 26.1% from RM 50,685,000 in 2021[18]. - Revenue from Singapore increased to RM 3,093,000 for the three months ended May 31, 2022, compared to RM 1,748,000 in 2021, representing a growth of 77.0%[18]. - Revenue from the Philippines for the three months ended May 31, 2022, was RM 22,393,000, an increase of 39.2% from RM 16,094,000 in 2021[18]. Costs and Expenses - The cost of goods sold for the three months ended May 31, 2022, was RM 50,908,000, down from RM 56,666,000 in the same period of 2021[22]. - The cost of sales for the nine months ended May 31, 2022, slightly decreased by about 0.2% or 0.4 million MYR, mainly due to reductions in material costs and manufacturing overheads, despite an increase in labor costs[49]. - Financing costs for the nine months ended May 31, 2022, were approximately 4.9 million MYR, down from 6.2 million MYR in the same period in 2021[54]. - Distribution costs increased by approximately 0.7% to 9.9 million MYR for the nine months ended May 31, 2022, primarily due to increased transportation expenses driven by higher customer demand[52]. - Administrative expenses for the nine months ended May 31, 2022, were approximately 12.8 million MYR, down from 14.0 million MYR in 2021[53]. Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the nine months ended May 31, 2022[4]. - The company did not recommend any interim dividend for the nine months ended May 31, 2022, compared to no dividend in the same period of 2021[23]. - Linocraft Investment holds a 51.00% stake in the company, with 408,000,000 shares[64]. - Charlecote, which owns 70% of Linocraft Investment, also holds a 51.00% stake in the company[65]. - Stan Cam Holdings Limited and its controlled entity, Ralexi Investment Holdings Limited, each hold 15.00% of the company's shares, totaling 120,000,000 shares[64]. - The company has a total of 408,000,000 shares held by major shareholders, representing 51.00% of the total shares[64]. - No share buyback or repurchase activities were conducted by the company or its subsidiaries during the nine months ending May 31, 2022[68]. - The company has not adopted any share option schemes as of the reporting date[67]. Corporate Governance and Compliance - The audit committee, established on August 25, 2017, is responsible for reviewing financial information and internal controls[74]. - The company confirmed compliance with the corporate governance code, except for the absence of the chairman at the annual general meeting due to prior commitments[72]. - No competitive interests were reported by major shareholders during the nine months ending May 31, 2022[69]. - The executive directors as of the report date include Ong Yoong Nyock and Tan Woon Chay[75]. Operational Developments - The company is currently evaluating the impact of new accounting standards on its performance and financial position[15]. - The company acquired a new automatic box-making machine to enhance production speed and efficiency, along with several other machines to reduce reliance on external contractors and improve internal production efficiency[44]. - The ongoing COVID-19 pandemic continues to impact the global business environment, with uncertain future financial implications for the company[32].
东骏控股(08383) - 2022 Q3 - 季度财报