Revenue Performance - The group's total revenue increased by approximately 9.7% from about HKD 13.4 million in the same period last year to approximately HKD 14.7 million[8]. - Revenue generated from financial advisory services was approximately HKD 8.7 million, accounting for about 59.2% of total revenue, compared to 53.7% in the previous year[11]. - The corporate finance consulting segment recorded a revenue of approximately HKD 14.7 million, with a segment loss before tax of about HKD 1.2 million, improving from a loss of HKD 2.3 million in the previous year[8]. - The compliance advisory segment generated revenue of approximately HKD 6.0 million, remaining stable compared to the previous year[11]. - The group recorded a revenue of HKD 14,731,000 for the three months ended June 30, 2023, representing an increase of approximately 9.8% compared to HKD 13,414,000 in the same period of 2022[26]. - Revenue for the three months ended June 30, 2023, was HKD 14,731,000, an increase of 9.8% compared to HKD 13,414,000 for the same period in 2022[37]. Financial Losses and Improvements - The group recorded a post-tax loss of approximately HKD 1.7 million, an improvement from a loss of HKD 3.7 million in the previous year[8]. - The pre-tax loss for the period was approximately HKD 1.7 million, an improvement from a pre-tax loss of HKD 3.7 million in 2022, attributed to an increase in revenue of about HKD 1.3 million and net investment income increase of approximately HKD 0.7 million[22]. - The total comprehensive loss for the period was HKD 1,699,000, compared to HKD 3,723,000 in the same period of 2022, indicating a significant reduction in losses[29]. - The net loss attributable to owners for the three months ended June 30, 2023, was HKD 1,657,000, an improvement from a loss of HKD 3,672,000 in 2022[46]. Employee Costs - Employee benefit costs rose by approximately 5.9% to about HKD 12.6 million from HKD 11.9 million in the same period last year[18]. - Employee benefit costs increased to HKD 12,558,000 from HKD 11,937,000, reflecting a rise of approximately 5.2%[26]. - The total employee benefit costs for the three months ended June 30, 2023, amounted to HKD 12,558,000, compared to HKD 11,937,000 in 2022, reflecting a year-on-year increase of 5.2%[40]. Business Outlook - The group anticipates a challenging business environment for the fiscal year ending March 31, 2024, due to a cautious attitude from clients in a high-interest-rate environment[10]. - The overall economic environment for corporate finance consulting remains uncertain, impacting future business prospects[10]. - The group will continue to explore new business opportunities while actively advancing its core business[10]. Share Repurchase Activities - The company repurchased a total of 40,000 shares at a total cost of HKD 31,500 during the reporting period, with prices ranging from HKD 0.73 to HKD 0.89 per share[54]. - As of June 30, 2023, the company had repurchased but not yet canceled 38,000 shares, and an additional 82,000 shares were repurchased in July for a total cost of HKD 65,680[55]. - The total number of shares repurchased and subsequently canceled amounted to 120,000 shares[55]. - The company aims to enhance shareholder value through share repurchases by increasing net asset value and earnings per share[54]. - The company’s share repurchase program is authorized by shareholders as of the annual general meeting held on August 23, 2022[54]. - The company has a total of 96,000 shares that were repurchased and subsequently canceled as of May 2023[54]. - The company’s share repurchase activities were funded using its available cash[54]. Shareholder Information - As of June 30, 2023, Sabine Martin Nevil held 84,810,190 shares, representing approximately 59.18% of the company's issued shares[58]. - The company’s executive director and CEO, along with their associates, collectively held 85,080,190 shares, which is approximately 59.37% of the total[62]. - Major shareholder New Poly Group Limited holds 84,810,190 shares, representing 59.18% of the company's issued shares[67]. - Sabine Maureen Alice, as a spouse, has rights to 87,313,630 shares, equating to 60.93% of the total shares[67]. Audit and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the three months ending June 30, 2023[71]. - There have been no significant post-reporting date events related to the company or its group as of the report date[75]. - The company maintains sufficient public float according to available data prior to the report release date[72]. Other Financial Information - Depreciation expenses for property and equipment decreased to HKD 1,982,000 from HKD 2,027,000, a reduction of approximately 2.2%[26]. - Other operating expenses remained relatively stable at HKD 2,222,000 compared to HKD 2,252,000 in the previous year[26]. - Interest income for the three months ended June 30, 2023, was HKD 364,000, significantly up from HKD 31,000 in 2022[38]. - The company recognized a net exchange loss of HKD 54,000 for the three months ended June 30, 2023, compared to a loss of HKD 651,000 in 2022[38]. - The current tax expense for Hong Kong for the three months ended June 30, 2023, was HKD 30,000, up from HKD 17,000 in 2022[42]. - The company applied the new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements[36]. - The company received wage subsidies of approximately HKD 672,000 under the "Employment Support Scheme" during the previous period, which has been offset against employee benefit costs[40]. - The company did not recommend the payment of an interim dividend for the period, consistent with the previous year[25]. - The company did not have any significant capital commitments or major acquisitions during the period[23][24].
新百利融资(08439) - 2024 Q1 - 季度财报