Financial Performance - Revenue for Q3 2023 was SGD 2,241,807, a decrease of 23.8% compared to SGD 2,941,439 in Q3 2022[11] - Total revenue for the nine months ended March 31, 2023, was SGD 7,858,746, down 14.2% from SGD 9,164,792 in the same period last year[11] - The company reported a net loss of SGD 804,463 for Q3 2023, compared to a net loss of SGD 612,042 in Q3 2022, representing a 31.4% increase in losses[11] - The loss before tax for the nine months ended March 31, 2023, was SGD 1,193,175, significantly higher than the loss of SGD 396,086 in the same period last year[11] - The total loss for the nine months ended March 31, 2023, was SGD 1,399,215, compared to a loss of SGD 411,078 for the same period in 2022, representing a significant increase in losses[25] - Basic loss per share for the nine months ended March 31, 2023, was SGD 0.58, compared to SGD 0.17 for the same period in 2022[25] - The total comprehensive loss for Q3 2023 was SGD 806,767, an increase from SGD 619,954 in Q3 2022[11] - The company reported a net loss attributable to equity holders of approximately SGD 1.3 million for the nine months ended March 31, 2023, compared to a net loss of SGD 0.4 million for the same period in 2022, indicating a significant increase in losses[28] Revenue Breakdown - The bakery segment generated revenue of SGD 5,572,668 for the nine months ended March 31, 2023, down 3.6% from SGD 5,783,413 in the previous year[21] - Revenue from the bakery segment was SGD 5.57 million for the nine months ended March 31, 2023, accounting for 71% of total revenue, while revenue from casual dining restaurants decreased significantly[33] - The casual dining segment saw a decline in revenue, with Japanese, Western, and Chinese restaurants generating SGD 990,591, SGD 459,768, and SGD 835,719 respectively for the nine months ended March 31, 2023, compared to SGD 1,266,421, SGD 515,571, and SGD 1,599,387 in 2022[21] Cost and Expenses - Employee benefits costs increased to SGD 1,263,594 in Q3 2023, up 14.5% from SGD 1,104,465 in Q3 2022[11] - The company incurred financial expenses of SGD 52,140 in Q3 2023, a decrease of 54.4% from SGD 114,292 in Q3 2022[11] - Operating lease costs decreased by approximately SGD 0.3 million or 14.5% to about SGD 1.9 million for the nine months ended March 31, 2023, compared to approximately SGD 2.2 million for the same period in 2022[38] - Employee benefit costs decreased by approximately SGD 0.3 million or 7.8% to about SGD 3.2 million for the nine months ended March 31, 2023, due to a reduction in the number of employees[37] Business Operations - The company operates two business segments: retail bakery and casual dining restaurants[22] - The company operates a total of 18 outlets in Singapore and 2 outlets in Shanghai, China, as of March 31, 2023[28] - The company experienced a decline in customer traffic at its bakery segment due to reliance on local consumption, which was affected by the reopening of cross-border travel and the easing of COVID-19 restrictions[30] Strategic Initiatives - The company aims to enhance operational efficiency and profitability while actively exploring opportunities to expand its customer base and market share[29] - The company plans to adopt a cautious approach in adjusting its business strategy to mitigate losses and improve performance amid ongoing uncertainties related to COVID-19[29] Shareholder Information - The company did not declare or pay any dividends during the period, consistent with the previous year[26] - The board did not recommend the payment of dividends for the period[44] - The company changed its name from "Global Dining Holdings Limited" to "Global Uin Intelligence Holdings Limited" effective December 29, 2022[53] - The company’s shares are now traded under the new English abbreviation "GLOBAL UIN" and the new Chinese abbreviation "環球友飲智能" on the GEM[53] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the nine months ending March 31, 2023, and found them compliant with applicable accounting standards and GEM listing rules[68] - The company has appointed Fuqiang Financial Capital Limited as its compliance advisor effective from January 15, 2023[46]
环球友饮智能(08496) - 2023 Q3 - 季度财报