Financial Performance - Total revenue for the six months ended December 31, 2021, was SGD 6,223,353, a decrease of 14.4% compared to SGD 7,275,179 for the same period in 2020[9] - The company reported a net profit of SGD 200,964 for the six months ended December 31, 2021, down 59.3% from SGD 492,640 in the same period of 2020[9] - The company reported a total comprehensive income of SGD 212,308 for the six months ended December 31, 2021, compared to SGD 492,640 for the same period in 2020, a decrease of 56.9%[9] - The basic and diluted earnings per share for the six months ended December 31, 2021, was SGD 0.09, down from SGD 0.21 in the same period of 2020[9] - The company reported a net loss of SGD 205,394 for the six months ended December 31, 2021, compared to a loss of SGD 4,883,965 for the same period in the previous year[15] Revenue Breakdown - For the six months ended December 31, 2021, total revenue from external customers was SGD 6,223,353, with contributions of SGD 4,155,109 from bakery sales, SGD 2,055,629 from restaurant operations, and SGD 12,615 from beverage kiosks[30] - The bakery segment contributed SGD 4,155,109, accounting for 66.8% of total revenue for the six months ended December 31, 2021, compared to 69.2% in the previous year[86] - For the three months ended December 31, 2021, total revenue was SGD 2,730,808, with SGD 1,623,261 from bakery sales and SGD 1,107,547 from restaurant operations[32] Cost and Expenses - Employee benefit expenses increased to SGD 2,323,714 for the six months ended December 31, 2021, compared to SGD 2,372,552 for the same period in 2020, reflecting a decrease of 2.1%[9] - The cost of materials and consumables used was SGD 1,646,966 for the six months ended December 31, 2021, compared to SGD 1,610,894 for the same period in 2020, reflecting an increase of 2.2%[9] - The total cost of materials and consumables for the six months ended December 31, 2021, was SGD 921,406, compared to SGD 1,000,000 for the same period in 2020, reflecting a decrease of approximately 7.9%[36] - The total cost of materials and consumables for the three-month period was SGD 750,492, with SGD 453,093 for bakery products and SGD 297,399 for restaurant operations[32] Assets and Liabilities - Total assets as of December 31, 2021, were SGD 15,021,445, a decrease of 12.7% from SGD 17,195,016 as of June 30, 2021[12] - Total liabilities decreased to SGD 12,482,998 from SGD 14,868,877, a reduction of 16.0%[12] - Cash and cash equivalents decreased to SGD 3,623,575 from SGD 4,554,600, representing a decline of 20.4%[18] - The total borrowings as of December 31, 2021, were SGD 739,130, down from SGD 920,477 as of June 30, 2021, indicating a reduction in debt[68] Operational Highlights - The company operated 24 bakeries, five Japanese casual dining restaurants, and five Chinese casual dining restaurants in Singapore as of December 31, 2021[82] - Employee count increased to 170 as of December 31, 2021, up from 169 on June 30, 2021[120] - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming periods[9] Cash Flow and Investments - Operating cash flow for the six months ended December 31, 2021, was SGD 1,666,789, down 30.2% from SGD 2,388,638 in the same period of 2020[18] - The cash flow from investing activities was negative at SGD (450,992), compared to SGD (1,366,404) in the previous year, indicating improved cash management[18] Shareholder Information - The company did not declare or pay any dividends during the period, consistent with the previous year[79] - As of December 31, 2021, major shareholders AA Food, Aris Goh, and Anita Chia each held 153,000,000 shares, representing 63.75% ownership[141] - Dunman Capital Global Limited, owned by Mr. Yang, held 27,000,000 shares, accounting for 11.25% of the company's shares[141] Future Outlook - The company plans to actively explore opportunities to expand its customer base and market share to enhance shareholder value[83] - The company plans to continue optimizing its capital structure to maximize shareholder returns[123]
环球友饮智能(08496) - 2022 - 中期财报