Financial Performance - Revenue for Q3 2022 was SGD 2,941,439, a decrease of 12% compared to SGD 3,342,102 in Q3 2021[9] - Total income for the nine months ended March 31, 2022, was SGD 9,164,792, down 14% from SGD 10,617,281 in the same period of 2021[9] - The company reported a net loss of SGD 612,042 for Q3 2022, compared to a loss of SGD 25,451 in Q3 2021[9] - The company experienced a net loss before tax of SGD 596,383 in Q3 2022, compared to a profit of SGD 161,244 in Q3 2021[9] - Total comprehensive loss for Q3 2022 was SGD 619,954, compared to a comprehensive income of SGD 467,189 in Q3 2021[11] - The company reported a loss attributable to equity holders of SGD (411,078) for the nine months ended March 31, 2022, compared to a profit of SGD 467,189 for the same period in 2021[27] - The total comprehensive loss for the period was SGD (407,646), compared to a total comprehensive income of SGD 467,189 for the same period in 2021[15] - Total revenue decreased by approximately SGD 1.5 million or 13.7% from approximately SGD 10.6 million for the nine months ended March 31, 2021, to approximately SGD 9.2 million for the current period[34] Expenses and Costs - Employee benefit expenses decreased to SGD 1,104,465 in Q3 2022, down 18% from SGD 1,347,331 in Q3 2021[9] - The company incurred financial expenses of SGD 114,292 in Q3 2022, a significant reduction of 54% from SGD 251,494 in Q3 2021[9] - The cost of materials and consumables used increased to SGD 843,992 in Q3 2022, up 9% from SGD 772,164 in Q3 2021[9] - Operating lease costs decreased by approximately SGD 1.4 million or 37.8% from approximately SGD 3.6 million for the nine months ended March 31, 2021, to approximately SGD 2.2 million for the current period[45] - Other expenses increased by approximately SGD 0.5 million or 40.6% to about SGD 1.9 million for the nine months ended March 31, 2021, primarily due to increased legal and professional fees[50] Shareholder Information - The company did not declare or pay any dividends during the period, consistent with the previous year[28] - The board did not recommend the payment of dividends for the current period[53] - Major shareholders include AA Food Holdings Limited, which holds 153 million shares, representing 63.75% of the company[64] - Dunman Capital Global Limited holds 27 million shares, representing 11.25% of the company[64] Segment Performance - The bakery segment generated revenue of SGD 5,783,413 for the nine months ended March 31, 2022, compared to SGD 7,458,291 in the previous year, reflecting a decrease of about 22.5%[24] - Revenue from bakeries was SGD 1,628,304 for the three months ended March 31, 2022, accounting for 55% of total revenue[37] - Revenue from Japanese casual dining restaurants was SGD 459,507 for the three months ended March 31, 2022, representing 16% of total revenue[37] - The company operates through three segments: bakery products, casual dining restaurants, and beverage kiosks, with the bakery segment being the primary revenue driver[23] Corporate Governance - The company has complied with the corporate governance code since its listing date[69] - All directors confirmed compliance with the trading standards set out in the company's code of conduct for securities transactions from the listing date to March 31, 2022[70] - The audit committee was established on April 24, 2020, in accordance with GEM listing rules and corporate governance codes[72] - The audit committee consists of three independent non-executive directors, with Mr. Huang Hua serving as the chairman[72] - The unaudited third-quarter results for the nine months ending March 31, 2022, have not been reviewed by the independent auditor but have been reviewed by the audit committee members[72] Future Outlook - The management continues to assess the performance of each segment to make informed decisions regarding resource allocation and performance evaluation[23] - The group will continue to explore opportunities to expand its customer base and market share to enhance shareholder value[32] - The board will adopt a prudent approach to adjust business strategies in response to uncertainties caused by the COVID-19 pandemic[32] Compliance and Advisory - The company has appointed a new compliance advisor effective from February 16, 2021, with no interests held by the advisor or its associates in the company[55] - No purchase, sale, or redemption of the company's listed securities occurred during the current period[56] - The company has adopted a share option scheme since April 24, 2020, but no options have been granted under this scheme to date[71]
环球友饮智能(08496) - 2022 Q3 - 季度财报