Financial Performance - For the three months ended November 30, 2022, the total revenue was approximately MYR 68.2 million, a decrease of about 9.1% compared to the same period in 2021[4] - Gross profit for the same period was approximately MYR 3.9 million, representing a decline of approximately 75.4% year-on-year[4] - The company recorded a net loss of approximately MYR 6.2 million for the three months ended November 30, 2022[4] - Operating loss for the period was approximately MYR 3.6 million, compared to an operating profit of MYR 8.5 million in the same period last year[5] - The basic and diluted loss per share was 0.77 sen, compared to earnings of 0.69 sen per share in the previous year[5] - Total comprehensive loss for the period amounted to approximately MYR 6.1 million, compared to a total comprehensive income of MYR 5.9 million in the same period last year[5] - The company reported a loss attributable to owners of the company of 6,152 thousand MYR for the quarter, compared to a profit of 5,550 thousand MYR in the same period last year[39] - The basic loss per share for the quarter was (0.077) MYR, compared to earnings per share of 0.069 MYR in the previous year[39] - The group reported a net loss of approximately RM 6.2 million for the three months ended November 30, 2022, compared to a profit of RM 5.6 million in 2021, driven by decreased revenue and increased raw material costs[67] Revenue Breakdown - Total revenue for the first quarter of 2022/2023 was 68,246 thousand MYR, a decrease of 9.8% from 75,078 thousand MYR in the same period of 2021[21] - Revenue from Malaysia decreased to 39,925 thousand MYR, down 12.4% from 45,499 thousand MYR year-on-year[21] - Revenue from Singapore increased to 2,807 thousand MYR, up 29.6% from 2,166 thousand MYR year-on-year[21] - Revenue from the Philippines decreased to 25,514 thousand MYR, down 6.5% from 27,413 thousand MYR year-on-year[21] - Revenue from packaging production was approximately 48.3 million MYR, accounting for about 70.8% of total revenue, compared to 51.8 million MYR or 68.9% in the previous year[44][47] - Revenue from insert production was approximately 15.9 million MYR, representing about 23.4% of total revenue, down from 16.9 million MYR or 22.5% in the prior year[48] Costs and Expenses - The cost of goods sold for the first quarter was 64,299 thousand MYR, an increase of 9.6% from 59,034 thousand MYR in the previous year[30] - Material costs increased by approximately 8.9% or 5.3 million MYR, primarily due to a stronger US dollar and inflation[59] - Distribution expenses decreased by approximately 24.9% from RM 3.7 million for the three months ended November 30, 2021, to RM 2.8 million for the three months ended November 30, 2022, primarily due to reduced sales and travel expenses[61] - Administrative expenses were approximately RM 4.2 million for the three months ended November 30, 2022, down from RM 5.0 million in 2021[62] - Financing costs increased from RM 1.8 million for the three months ended November 30, 2021, to RM 2.5 million for the same period in 2022, mainly due to rising interest rates[65] Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the three months ended November 30, 2022[4] - The company has not adopted any share option schemes as of November 30, 2022[78] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ended November 30, 2022[79] - The company has adopted a set of trading rules for directors in accordance with GEM Listing Rules, confirming compliance for the three months ending November 30, 2022[82] - The company acknowledges the importance of good corporate governance and has adhered to the corporate governance code during the three months ending November 30, 2022[83] - The Audit Committee, established in accordance with GEM Listing Rules, assists the board in reviewing financial information and internal controls, with three members including the chairman[85] Market Position and Outlook - The company operates primarily in Malaysia and Hong Kong, focusing on printing and packaging solutions[8] - The company continues to focus on strengthening its market position in the printing and packaging industry while engaging with international brands to expand its business in Malaysia and the Philippines[52] - The company is actively developing and acquiring new customers and streamlining production processes to improve cost efficiency in response to ongoing pandemic challenges[52] - The overall economic outlook remains uncertain due to the ongoing pandemic and geopolitical conflicts, which may impact the company's performance in the upcoming fiscal year[52] - The company has a robust culture and dedicated team, believing it will emerge stronger from current challenges[55] Shareholder Information - Major shareholders include Ong Yoong Nyock with a 51.00% stake and Stan Cam Holdings Limited with a 15.00% stake in the company[74] - The group incurred a share of losses from joint ventures amounting to RM 4,000 for the three months ended November 30, 2022, consistent with the previous year[66]
东骏控股(08383) - 2023 Q1 - 季度财报