Financial Performance - Revenue for the three months ended June 30, 2023, was HKD 93,717,000, a 2.1% increase from HKD 91,752,000 in the same period of 2022[5] - The company reported a profit of HKD 1,057,000 for the quarter, compared to a loss of HKD 2,550,000 in the previous year[5] - Basic earnings per share for the quarter was HKD 0.21, recovering from a loss per share of HKD 0.53 in the same quarter last year[5] - Total comprehensive income for the period was HKD 1,191,000, compared to a total comprehensive loss of HKD 3,179,000 in the prior year[5] - The company recorded a net profit of HKD 1.057 million for the three months ended June 30, 2023, compared to a net loss of HKD 2.550 million for the same period in 2022[19] - The company recorded a net profit of approximately HKD 1.1 million for the current period, compared to a net loss of approximately HKD 2.6 million in the previous period, primarily due to increased revenue from warehousing and other value-added services and effective budget management[39] Revenue Sources - Revenue from warehousing and other value-added services rose by approximately HKD 13.6 million or 44.8% to approximately HKD 44.0 million, driven by additional services provided to one of the top five clients and the operation of two new warehouses in Tuen Mun, Hong Kong, and Shantou, China[25] - The company's total revenue for the three months ended June 30, 2023, increased by approximately HKD 2.0 million or 2.1% to approximately HKD 93.7 million compared to HKD 91.8 million for the same period in 2022[25] Cost Management - Employee benefit expenses increased slightly to HKD 11,657,000 from HKD 11,516,000 year-on-year[5] - Transportation costs decreased to HKD 33,883,000 from HKD 36,774,000, reflecting a 7.8% reduction[5] - Warehouse operating costs increased to HKD 8,118,000 from HKD 6,519,000, marking a 24.5% increase[5] - The company implemented strict cost control measures that effectively reduced labor and transportation costs, improving overall operational efficiency[23] - Employee benefits expenses slightly increased by approximately HKD 0.1 million or 1.2% to approximately HKD 11.7 million, with a notable decrease of approximately HKD 0.9 million when excluding government subsidies received in the previous period[28] - Transportation costs decreased by approximately HKD 2.9 million or 7.9% to approximately HKD 33.9 million, mainly due to reduced service fees paid to external transport service providers[33] - Warehouse operating costs increased by approximately HKD 1.6 million or 24.5% to approximately HKD 8.1 million, primarily due to expenses from two new warehouses and increased business volume in the warehousing services segment[34] - The company implemented strict cost control measures, resulting in a reduction of dispatched labor costs by approximately HKD 1.2 million or 3.7% to approximately HKD 30.5 million[30] Equity and Financial Position - The company’s total equity as of June 30, 2023, was HKD 41,960,000, down from HKD 54,660,000 a year earlier[6] - The estimated tax expense for the current period was HKD 129,000, with no deferred tax recognized due to the absence of taxable profits in the previous period[15] Other Financial Information - Other income decreased by approximately HKD 0.5 million or 68.3% to approximately HKD 0.2 million, primarily due to the absence of government subsidies received in the previous year[26] - Financing costs increased by approximately HKD 0.2 million or 31.3% to approximately HKD 0.9 million, mainly due to rising interest rates[37] - Other income and losses were recorded at approximately HKD 0.3 million for the current period, compared to HKD 0.4 million in the previous period[27] - Depreciation of property, plant, and equipment decreased by approximately HKD 0.3 million or 14.7% to approximately HKD 1.6 million, mainly due to increased depreciation of vehicles in the previous period[31] Corporate Actions - The company completed a placement of 48,000,000 shares at a price of HKD 0.157 per share, raising approximately HKD 7,536,000[6] - The company did not declare or pay any dividends for the three months ended June 30, 2023, consistent with the previous year[20] - The company did not purchase, sell, or redeem any of its listed securities during the period[46] - The company has not granted, lapsed, exercised, or cancelled any options under the share option scheme as of the report date[45] - There were no significant acquisitions or disposals related to subsidiaries or associates during the reporting period[53] Compliance and Reporting - The audit committee has reviewed the unaudited financial results for the first quarter, confirming compliance with applicable accounting standards and GEM listing rules[51] - The first quarter report was published on the company's website and complies with all GEM listing rule requirements[55] - The company has not identified any significant matters that require disclosure after the reporting period[54]
亚洲速运(08620) - 2024 Q1 - 季度财报