Financial Performance - For the quarter ended June 30, 2022, the company reported revenue of $30,251 thousand, an increase of 5.5% from $28,693 thousand in the same quarter of 2021[4]. - The cost of goods sold for the quarter was $19,296 thousand, compared to $18,450 thousand in the previous year, resulting in a gross profit of $10,955 thousand, up from $10,243 thousand[4]. - The company recorded a net loss of $375 thousand for the quarter, a significant improvement from a net loss of $2,053 thousand in the same quarter of 2021[6]. - Other income increased to $2,667 thousand from $2,185 thousand year-over-year, contributing positively to the overall financial performance[4]. - The total comprehensive loss for the quarter was $6,311 thousand, compared to a loss of $1,348 thousand in the same quarter of the previous year[6]. - The company reported a basic and diluted loss per share of $0.02 (USD) for the quarter, compared to a loss of $0.11 (USD) in the same quarter of 2021[4]. - The administrative expenses decreased to $5,421 thousand from $5,628 thousand year-over-year, indicating improved cost management[4]. - The company experienced a foreign exchange loss of $6,679 thousand for the quarter, compared to a loss of $113 thousand in the same quarter of 2021[6]. - The total comprehensive loss for the period was $1.421 million, compared to a loss of $1.348 million in the previous period, indicating a worsening of approximately 5.4%[12]. Assets and Liabilities - As of June 30, 2022, total assets amounted to $158.839 million, a decrease from $167.965 million as of March 31, 2022, representing a decline of approximately 5.4%[8]. - The company's equity attributable to owners was $153.353 million, down from $162.195 million, indicating a decrease of about 5.2%[10]. - The net current assets were reported at $70.922 million, compared to $75.810 million in the previous quarter, reflecting a decline of approximately 6.1%[10]. - The total liabilities decreased from $250.688 million to $250.688 million, showing a slight reduction of about 0.3%[10]. - The company's retained earnings stood at $200.844 million, down from $203.678 million, a decrease of approximately 1.4%[10]. - The company's non-current assets, including property, plant, and equipment, totaled $55.309 million, down from $58.809 million, a decrease of approximately 4.3%[8]. - The company reported a decrease in investment properties from $24.721 million to $23.781 million, reflecting a decline of about 3.8%[8]. - The total assets as of June 30, 2022, were $215,710 thousand, with total liabilities of $62,357 thousand[46][52]. Cash Flow - Operating cash flow for the quarter ended June 30, 2022, was $5,524 thousand, a significant increase from $1,508 thousand in the same period of 2021, representing a growth of 267%[20]. - Net cash from operating activities reached $5,034 thousand, compared to $1,012 thousand in the previous year, marking a 397% increase[20]. - The net cash flow from investing activities was $4,685 thousand, a turnaround from a negative cash flow of $2,326 thousand in the same quarter of 2021[20]. - Cash and cash equivalents increased by $10,063 thousand during the quarter, compared to a decrease of $6,611 thousand in the same period last year[20]. - The company reported a total cash and cash equivalents balance of $71,765 thousand at the end of the quarter, up from $62,577 thousand a year earlier[20]. Dividends and Shareholder Equity - The company declared an interim dividend of 11,157 thousand MYR for the 2021/2022 fiscal year[18]. - The company declared a tax-exempt interim dividend of $0.0015 per ordinary share, totaling $2,531,000, which was paid on July 8, 2022[91]. - The company’s share capital remained stable at 95,720 thousand MYR as of June 30, 2022[18]. - The premium on shares was recorded at 240,959 thousand MYR, unchanged from the previous year[18]. Segment Performance - The group operates in four main segments: Publishing and Printing in Malaysia, Publishing and Printing in Hong Kong and Taiwan, Publishing and Printing in North America, and Travel and Related Services[35]. - The publishing and printing segment generates revenue primarily from advertising services and sales of newspapers and magazines[35]. - The total revenue for the quarter ended June 30, 2022, was $30,251 thousand, with a breakdown of $11,210 thousand from sales of newspapers, magazines, books, and digital content, and $17,626 thousand from advertising revenue[36]. - The revenue from travel and related services was $1,415 thousand, contributing to the overall total[36]. - The group’s North America segment saw a revenue decline of 10.4% to $1,702,000, with losses widening from $338,000 to $1,105,000 due to reduced government subsidies[77]. - The travel segment's revenue surged from $61,000 to $1,415,000, with losses narrowing by 37.8% to $304,000, driven by the easing of travel restrictions in North America[78]. Future Outlook - The company anticipates a challenging outlook for the remainder of the 2022/2023 fiscal year due to economic uncertainties and rising operational costs, predicting only weak growth unless market conditions improve[82]. - Future outlook and strategic initiatives were not detailed in the provided documents, indicating a need for further information on market expansion and new product development[4]. Legal and Regulatory Matters - The company is facing several defamation lawsuits but believes that any potential liability will not have a significant adverse effect on its financial position[90]. - The effective tax rate for the quarter was higher than Malaysia's statutory rate of 24%, primarily due to losses recorded by certain subsidiaries, resulting in a tax expense of $577,000[86]. Cost Management - The company plans to implement strict cost control measures to mitigate the impact of high paper prices on its operating profit margin[82].
世界华文媒体(00685) - 2023 Q1 - 季度财报