Financial Performance - For the three months ended March 31, 2022, the company reported revenue of SGD 4,789,080, an increase of 32.4% compared to SGD 3,614,768 for the same period in 2021[6]. - The gross profit for the nine months ended March 31, 2022, was SGD 4,691,191, representing an increase of 77.3% from SGD 2,646,942 in the same period of 2021[6]. - The company incurred a loss before tax of SGD 1,642,225 for the nine months ended March 31, 2022, compared to a profit of SGD 99,032 in the same period of 2021[6]. - Total comprehensive loss for the three months ended March 31, 2022, was SGD 866,689, compared to a profit of SGD 33,008 in the same period of 2021[8]. - The company reported a basic and diluted loss per share of SGD 0.10 for the three months ended March 31, 2022, compared to a loss of SGD 0.04 in the same period of 2021[20]. - The company reported a net loss of SGD 31,030 for the nine months ended March 31, 2022, compared to a profit of SGD 126,934 in the same period of 2021[71]. - The company recorded a net loss attributable to shareholders of approximately SGD 1.7 million, compared to a net loss of about SGD 0.3 million in the same period of 2021[135]. Revenue Breakdown - ISP Global Limited's revenue for the three months ended March 31, 2022, was SGD 3,065,000, representing a significant increase compared to the previous period[52]. - The company reported a total revenue of SGD 4,760,437 for the nine months ended March 31, 2022, indicating a growth trend in its operations[52]. - Revenue from the audio and communication systems sales and related services was SGD 2,662,962 for the three months ended March 31, 2022, compared to SGD 1,995,425 in the same period of 2021, reflecting a growth of 33.5%[58]. - Revenue from network and communication integrated services was SGD 2,097,475 for the three months ended March 31, 2022, compared to no revenue in the same period of 2021[58]. - Revenue from external customers in Singapore was SGD 2,722,887 for the three months ended March 31, 2022, compared to SGD 2,214,311 in the same period of 2021, representing an increase of 23%[65]. - Revenue from external customers in China was SGD 2,066,194 for the three months ended March 31, 2022, compared to SGD 1,400,457 in the same period of 2021, reflecting a growth of 47.5%[65]. Expenses and Costs - The administrative expenses for the nine months ended March 31, 2022, were SGD 2,335,824, an increase of 80.5% from SGD 1,294,705 in the same period of 2021[6]. - Total employee costs for the nine months ended March 31, 2022, amounted to SGD 4,987,081, an increase from SGD 2,266,816 in the same period of 2021[80]. - Salary expenses increased by approximately SGD 2.5 million or 1.95 times to about SGD 3.8 million, with the number of administrative and operational staff in China rising from 15 to 80[128]. - The company incurred interest expenses of SGD 15,013 for bank loans in the nine months ended March 31, 2022, down from SGD 17,692 in the same period of 2021[74]. - Administrative and wage expenses in the network and communication systems division in China increased by approximately SGD 3.4 million or 292% to about SGD 4.6 million during the period[105]. Strategic Focus and Operations - The company is focused on expanding its e-commerce services in China, targeting both individual and corporate customers through various platforms[41]. - The company plans to expand its e-commerce business in China, focusing on health, value, quality, and sustainability as core principles for partner expansion[111]. - The company aims to enhance user engagement and repurchase rates through a "WeChat ecosystem + e-commerce SaaS tools" model[114]. - The company is strengthening its network system integration and core IT service offerings in China, targeting major state-owned enterprises as key clients[115]. - The company plans to expand its regional sales teams in East China, South China, and Southwest China to better serve new regional customers[121]. - Future focus will be on deepening integration in key industries such as railways and aviation, enhancing the core IT service system[121]. Other Financial Information - The company did not recommend or pay any dividends for the nine months ended March 31, 2022, consistent with the previous year[101]. - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its financial statements during the initial adoption period[37]. - The company has a registered office in the Cayman Islands and operates primarily in Singapore and Hong Kong, indicating its international presence[1]. - The financial statements are presented in Singapore dollars, which is the company's functional currency, ensuring consistency in reporting[34]. - The company has been listed on the Hong Kong Stock Exchange since January 16, 2018, enhancing its visibility and access to capital markets[1]. Project and Asset Management - The company is currently reviewing and monitoring its project portfolio, with the purchase of a truck for delivery postponed due to varying project requirements[186][188]. - The acquisition of a new property in Singapore is delayed due to rising property prices, requiring more time to find a suitable location within the financial budget[195][196].
ISP GLOBAL(08487) - 2022 Q3 - 季度财报