Financial Performance - For the three months ended September 30, 2022, the company reported total revenue of SGD 2,719,272, a decrease of 22.1% compared to SGD 3,492,545 for the same period in 2021[10]. - The company incurred a loss before tax of SGD 571,552, compared to a profit of SGD 135,970 in the same quarter of the previous year[10]. - The total comprehensive loss for the period was SGD 563,293, while the total comprehensive income for the previous period was SGD 135,970[12]. - The loss attributable to owners of the company was SGD 510,607, compared to a profit of SGD 137,040 in the previous period[12]. - Basic and diluted loss per share was SGD (0.21), compared to earnings of SGD 0.06 per share in the previous period[12]. - Total revenue decreased by approximately SGD 0.8 million or 22.1% to about SGD 2.7 million for the period, down from approximately SGD 3.5 million for the three months ended September 30, 2021, attributed to reduced local consumption and travel restrictions[34]. Revenue Breakdown - Revenue from external customers in Singapore was SGD 2,469,899, a decrease from SGD 3,450,530 in the previous year, while revenue from China increased to SGD 249,373 from SGD 42,015[24]. - The bakery segment generated revenue of SGD 1,608,467, down from SGD 2,531,848 in the previous period, indicating a decline of approximately 36.4%[23]. - The bakery segment generated revenue of SGD 1,608,467, accounting for 59.2% of total revenue, while the Japanese casual dining segment contributed SGD 520,126 or 19.1%[36]. Operational Efficiency and Strategy - The company is focused on enhancing its operational efficiency and exploring new market opportunities[10]. - The company aims to continue its strategic initiatives to improve financial performance in the upcoming quarters[10]. - The company continues to assess its operational performance and make strategic decisions based on both qualitative and quantitative factors[22]. - The company aims to enhance operational efficiency and profitability while actively seeking opportunities to expand its customer base and market share[32]. Shareholder Information - As of September 30, 2022, major shareholders AA Food, Aris Goh, and Anita Chia collectively hold 153,000,000 shares, representing 63.75% of the company's equity[58]. - Dunman Capital Global Limited, owned by Yang Fan, holds 23,632,500 shares, accounting for 9.85% of the company's equity[58]. - On November 3, 2022, AA Food entered into a sale agreement to sell 153,000,000 shares for a total consideration of HKD 47,812,500, equivalent to HKD 0.3125 per share[67]. - Following the sale agreement, the buyer and its concert parties will collectively own 63.75% of the company's issued share capital[67]. Corporate Governance - The board confirmed that the information provided is accurate and complete, with no misleading or fraudulent elements[2]. - The company has maintained compliance with the corporate governance code as per GEM listing rules throughout the reporting period[62]. - The company emphasizes the importance of corporate transparency and accountability to maintain shareholder trust[62]. - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance throughout the reporting period[63]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the first quarter ending September 30, 2022[65]. Other Income and Expenses - Other income for the same period was SGD 110,726, which increased significantly from SGD 42,747 in the previous year[10]. - The company reported a financial expense of SGD 90,972, down from SGD 155,406 in the same quarter of 2021[10]. - Operating lease costs for the period totaled SGD 834,477, showing no significant change compared to SGD 808,249 for the three months ended September 30, 2021[41]. - Depreciation expenses increased to SGD 213,349 for the period, up from SGD 110,339 for the three months ended September 30, 2021, mainly due to new restaurant openings in China[43][44]. - Employee benefit expenses were SGD 1,029,915, slightly down from SGD 1,043,684 in the prior year[10]. - The depreciation of right-of-use assets was SGD 663,415, a decrease from SGD 874,881 in the previous year[10]. Future Outlook - The company maintains a cautious outlook on future developments, supported by robust financial management and a strong talent pool[32]. - There have been no significant events occurring after the reporting period up to the date of this report[68]. - The board did not recommend the payment of dividends for the period, consistent with the previous year[49].
环球友饮智能(08496) - 2023 Q1 - 季度业绩