Financial Performance - For the six months ended June 30, 2022, total revenue was SGD 8,458,000, an increase of 22.3% compared to SGD 6,918,000 for the same period in 2021[12]. - The gross profit for the same period was SGD 6,152,000, up from SGD 5,148,000, reflecting a gross margin improvement[12]. - The net loss attributable to owners of the company for the six months was SGD 692,000, compared to a loss of SGD 1,563,000 in the previous year, indicating a reduction in losses[12]. - The basic and diluted loss per share for the six months was SGD 0.14, an improvement from SGD 0.31 in the same period last year[12]. - The group reported a loss before tax of SGD 682,000 for the six months ended June 30, 2022, compared to a loss of SGD 1,546,000 for the same period in 2021, indicating an improvement[36]. - The group recorded a loss of approximately SGD 0.69 million for the six months ended June 30, 2022, compared to a loss of SGD 1.56 million for the same period in 2021, mainly due to increased revenue from the lifting of COVID-19 measures[75]. Revenue Breakdown - Revenue for the restaurant business reached SGD 6,551,000 for the six months ended June 30, 2022, an increase of 19.2% compared to SGD 5,494,000 for the same period in 2021[28]. - The bakery segment generated revenue of SGD 1,900,000 for the six months ended June 30, 2022, up 33.9% from SGD 1,417,000 in the previous year[28]. - Total revenue for the group was SGD 8,458,000 for the six months ended June 30, 2022, compared to SGD 6,918,000 for the same period in 2021, reflecting a growth of 22.3%[33]. - The group’s total external customer revenue for the bakery segment was SGD 1,907,000 for the six months ended June 30, 2022, compared to SGD 1,423,000 in the previous year, marking a growth of 34.0%[33]. Expenses and Costs - Employee benefits expenses increased to SGD 3,152,000 for the six months, compared to SGD 2,964,000 in the previous year, reflecting increased staffing costs[12]. - The total cost of goods sold for the six months was SGD 2,306,000, compared to SGD 1,770,000 in the previous year, indicating higher sales volume[12]. - Cost of goods sold increased by approximately SGD 0.54 million or 30.3% from SGD 1.77 million to SGD 2.31 million, driven by overall food price inflation[68]. - Financing costs decreased by approximately SGD 0.04 million or 15.2% from SGD 0.26 million to SGD 0.22 million, attributed to the renewal of a lease as a short-term rental[74]. Assets and Liabilities - As of June 30, 2022, total non-current assets decreased to SGD 6,764,000 from SGD 8,455,000, representing a decline of approximately 20%[14]. - Current assets totaled SGD 4,631,000, down from SGD 6,098,000, indicating a decrease of about 24%[14]. - Total liabilities decreased to SGD 5,508,000 from SGD 7,118,000, reflecting a reduction of approximately 23%[14]. - The company's equity decreased to SGD 2,575,000 from SGD 3,284,000, a decline of about 21%[14]. - Total borrowings decreased from SGD 7,429,000 to SGD 5,625,000, a decrease of 24.2%[56]. Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2022, was SGD 667,000, compared to a cash outflow of SGD 507,000 in the same period last year[18]. - Cash and cash equivalents at the end of the period were SGD 2,767,000, down from SGD 3,530,000, a decrease of approximately 22%[18]. - The net cash flow from investing activities for the same period was approximately SGD 1.17 million, primarily due to the release of pledged fixed deposits of SGD 1.19 million[78]. - The net cash flow used in financing activities was SGD 2.14 million, utilized for repaying bank loans and finance leases of SGD 0.23 million and lease liabilities of SGD 1.91 million[78]. Strategic Initiatives - The company aims to continue expanding its market presence and developing new products to drive future growth[11]. - The company continues to focus on its core businesses in Singapore's food and beverage sector and Malaysia's artisanal bakery chain[20]. - The company plans to continue adjusting its business strategy cautiously to minimize losses and improve performance amid ongoing economic instability[66]. - The company closed the unprofitable Masa Orchard Gateway store in June 2022 as part of its strategy to reduce losses[66]. Governance and Corporate Matters - The company is committed to high standards of corporate governance, although the roles of chairman and CEO are held by the same individual[100]. - The board believes that the current arrangement of roles does not impair the balance of power and authority[100]. - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2022[104]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[108].
聚利宝控股(08527) - 2022 - 中期财报