Financial Performance - For the quarter ended December 31, 2021, the company reported a revenue of $33.778 million, an increase of 7.4% compared to $31.463 million for the same period in 2020[5]. - The gross profit for the same quarter was $14.203 million, representing a 23.5% increase from $11.483 million in the previous year[5]. - The operating profit for the quarter was $2.454 million, up 64.5% from $1.490 million in Q3 2020[5]. - The net profit attributable to the owners of the company was $1.683 million, an increase of 21.3% compared to $1.388 million in the same quarter of the previous year[5]. - The basic and diluted earnings per share for the quarter were both $0.10, compared to $0.08 in Q3 2020, reflecting a 25% increase[5]. - Revenue for the quarter reached $92.546 million, an increase from $86.054 million in the same period last year, representing a growth of approximately 2.9%[11]. - Gross profit improved to $35.504 million, up from $26.362 million year-over-year, indicating a significant increase of about 34.8%[11]. - Operating profit turned positive at $2.521 million compared to an operating loss of $3.576 million in the previous year, marking a recovery[11]. - Net profit for the period was $927 thousand, a substantial improvement from a loss of $3.910 million in the same quarter last year[13]. - Basic earnings per share (EPS) was $0.07, recovering from a loss per share of $0.21 in the same quarter last year[11]. Comprehensive Income - The total comprehensive income for the quarter was $2.211 million, down from $6.313 million in the same quarter of the previous year, primarily due to currency translation differences[7]. - The company reported a currency translation gain of $747, significantly lower than the $4.939 million gain in the same quarter of the previous year[7]. - The total comprehensive income for the period ending December 31, 2021, was $354, compared to a total comprehensive income of $7.56 million for the period ending December 31, 2020[21]. - The total comprehensive loss for the period included a loss of 3.407 million MYR from other comprehensive income[25]. Expenses and Cost Management - The total operating expenses for the quarter were $13.069 million, compared to $12.930 million in Q3 2020, indicating a slight increase[5]. - The company continues to focus on cost management strategies to improve profitability in the future[5]. - The company reported a decrease in cost of goods sold to $57.042 million from $59.692 million, reflecting better cost control measures[11]. - Other income decreased to $8.417 million from $14.457 million, which may impact overall profitability moving forward[11]. Assets and Liabilities - Total assets as of December 31, 2021, were $94.197 million, a slight decrease from $99.556 million as of March 31, 2021[15]. - Current liabilities stood at $131.038 million, down from $134.075 million in the previous quarter, indicating improved financial management[15]. - The company's total liabilities as of December 31, 2021, were $170.62 million, a decrease from $172.83 million as of March 31, 2021[17]. - The net asset value per share for the company was $9.76 as of December 31, 2021, compared to $9.84 as of March 31, 2021[17]. - The total borrowings of the company as of December 31, 2021, amounted to $23,838,000, with secured bank borrowings of $23,084,000 and unsecured borrowings of $754,000[102]. Market Expansion and Future Plans - The company has indicated plans for market expansion and new product development in the upcoming quarters, although specific details were not disclosed during the call[5]. - The company is focusing on expanding its market presence and enhancing product offerings to drive future growth[13]. - The group plans to continue expanding its publishing and printing services, particularly in the digital content space, to enhance revenue streams[46]. - The group aims to enhance its market presence through strategic partnerships and potential acquisitions in the travel services sector[46]. Cash Flow and Financing Activities - Operating cash flow for the nine months ended December 31, 2021, was $11,618,000, a 80.5% increase from $6,452,000 in the same period of 2020[27]. - Net cash from operating activities for the nine months ended December 31, 2021, was $10,288,000, compared to $5,001,000 for the same period in 2020, representing a 105.8% increase[27]. - Cash and cash equivalents at the end of the period were $64,076,000, up from $60,793,000 at the end of the same period in 2020, indicating a 2.1% increase[27]. - The company’s financing activities resulted in a net cash outflow of $(10,542,000) for the nine months ended December 31, 2021, compared to $(1,015,000) in the same period of 2020, indicating a significant increase in cash outflow[27]. Legal and Regulatory Matters - The company has ongoing defamation lawsuits involving several subsidiaries, but the board believes that any potential liability will not have a significant adverse effect on the financial position of the group[104].
世界华文媒体(00685) - 2022 Q3 - 季度财报