Financial Performance - For the first quarter of 2023, the company reported revenue of SGD 4,561,000, an increase of 16.2% compared to SGD 3,926,000 in the same period of 2022[11] - Gross profit for the first quarter was SGD 3,114,000, reflecting a 8.9% increase from SGD 2,859,000 year-over-year[11] - The company incurred a pre-tax loss of SGD 467,000, slightly improved from a loss of SGD 479,000 in the previous year[11] - The net loss attributable to the owners of the company for the quarter was SGD 475,000, compared to a loss of SGD 484,000 in Q1 2022[11] - The total comprehensive loss for the period was SGD 421,000, an improvement from SGD 483,000 in Q1 2022[11] - The company's basic loss per share for the quarter was SGD 0.09, compared to SGD 0.10 in the previous year[11] - Revenue for the three months ended March 31, 2023, was SGD 4,561,000, an increase of 16.2% compared to SGD 3,926,000 for the same period in 2022[20] - Restaurant business revenue was SGD 3,453,000, up from SGD 3,033,000 year-over-year, representing a growth of 13.9%[20] - The handmade bakery segment generated SGD 1,106,000 in sales, a 24.5% increase from SGD 889,000 in the previous year[20] - The company reported a net loss of SGD 475,000 for the three months ended March 31, 2023, compared to a loss of SGD 484,000 for the same period in 2022[24] - Basic loss per share for the three months ended March 31, 2023, was (0.09) Singapore cents, an improvement from (0.10) Singapore cents in the prior year[24] Liabilities and Financial Position - The company reported total liabilities of SGD 15,000,000 as of March 31, 2023, compared to SGD 14,500,000 at the end of the previous quarter[12] - Cost of goods sold increased by approximately SGD 0.38 million or 35.6% to SGD 1.45 million for the three months ended March 31, 2023, due to overall food ingredient price inflation[31] - The group recorded a loss of approximately SGD 0.47 million for the three months ended March 31, 2023, compared to a loss of SGD 0.48 million for the same period in 2022, primarily due to the depreciation of the Malaysian Ringgit affecting import costs[33] Strategic Plans and Market Presence - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[10] - The company opened its third café Q Classified in March 2023, with plans to establish five more locations across Singapore[28] - Revenue from Singapore operations rose by 13.8% to SGD 3.45 million, while revenue from Malaysia operations increased by 24.1% to SGD 1.11 million[30] - The strategic location of restaurants and retail stores is aligned with the company's site selection strategy to enhance brand visibility and customer access[27] Governance and Compliance - The board of directors confirmed that all information in the report is accurate and complete, with no misleading elements[4] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the GEM Listing Rules from January to March 2023[47] - The audit committee, consisting of independent non-executive directors, reviewed the unaudited first-quarter results for the period ending March 31, 2023[50] - The company emphasizes the importance of good corporate governance for sustainable growth and shareholder value[48] - The roles of Chairman and CEO are held by the same individual, which the board believes enhances internal leadership and decision-making efficiency[48] - No interests in competing businesses were reported by directors and controlling shareholders as of March 31, 2023[49] Shareholder Information - The company did not recommend any interim dividend for the three months ended March 31, 2023, consistent with the previous year[23] - Major shareholder Net Heart Rehabilitation Hospital holds approximately 18.1% of the company's shares, totaling 90.5 million shares[39] - The company expresses gratitude to shareholders, business partners, and customers for their continued support[53] Other Financial Information - Other comprehensive income included a foreign exchange gain of SGD 54,000, up from SGD 1,000 in the same quarter last year[11] - Government grants received amounted to SGD 115,000, primarily from Singapore's wage support scheme and other business subsidies[20] - The effective tax rates for subsidiaries in Singapore and Malaysia are 17% and 24%, respectively, for the estimated profits generated in those jurisdictions[21] - The company has not entered into any related party transactions during the three months ended March 31, 2023[41] - The group has not established any further mortgages on its assets during the reporting period[42] - Management is closely monitoring foreign exchange risks and may consider adopting significant foreign exchange hedging policies in the future[44] - There were no significant investments, acquisitions, or disposals made by the group during the three months ended March 31, 2023[52]
聚利宝控股(08527) - 2023 Q1 - 季度财报