Financial Performance - For the quarter ended December 31, 2022, the company reported a profit of $671,000, a decrease of 57.7% compared to $1,587,000 in the same quarter of 2021[7]. - The company's revenue for the same quarter was $34,618,000, representing an increase of 2.5% from $33,778,000 in the previous year[15]. - The gross profit for the quarter was $12,996,000, down 8.5% from $14,203,000 year-over-year[15]. - The total comprehensive income for the quarter was $8,013,000, compared to $2,211,000 in the same quarter of 2021, marking a significant increase[7]. - The company reported a basic earnings per share of $0.05 for the quarter, down from $0.10 in the same quarter of the previous year[15]. - The total operating profit for the quarter was $1,656,000, a decrease of 32.4% from $2,454,000 in the same quarter of 2021[15]. - The company reported a net profit attributable to owners of the company of $1,879 thousand, a 60.2% increase from $1,172 thousand in the prior year[18]. - Basic earnings per share for the nine months was $0.11, compared to $0.07 in the same period last year, reflecting a growth of 57.1%[18]. - The pre-tax profit for the quarter was $1,382,000, a decrease of 41.2% from $2,351,000 in the previous year[84]. - The group's profit before tax for the three months ended December 31, 2022, decreased by 41.2% to $1,382,000 from $2,351,000 in the previous year[143]. Revenue and Segments - The total revenue for the nine months ended December 31, 2022, was $151,973,000, an increase from $148,285,000 in the same period of 2021[15]. - Revenue for the nine months ended December 31, 2022, was $101,284 thousand, an increase of 9.4% from $92,546 thousand in the same period of 2021[18]. - The total revenue for the publishing and printing segment in Malaysia, Hong Kong, Taiwan, and North America reached $34,618,000, with advertising revenue contributing $20,857,000[43]. - The travel and related services segment generated revenue of $2,600,000, bringing the total revenue to $34,618,000 for the quarter ended December 31, 2022[43]. - The total sales for newspapers, magazines, books, and digital content amounted to $11,161,000 for the quarter ended December 31, 2022, reflecting a growth from $10,937,000 in the same period of the previous year[47]. - The Malaysian division's revenue decreased by 4.1% to $19,978,000 due to negative foreign exchange impacts, but grew by 4.7% in local currency[144]. - The travel division's revenue surged from $335,000 to $2,600,000, turning a loss of $511,000 in the previous year into a profit of $2,000[146]. Costs and Expenses - The cost of goods sold for the nine months was $63,170 thousand, which is an increase of 10.5% from $57,042 thousand in the same period of 2021[18]. - The group’s depreciation expense for property, plant, and equipment was $1,348,000 for the quarter ended December 31, 2022[43]. - The group recorded a decrease in dividends paid, amounting to $2,531,000 compared to $1,687,000 in the previous year[1]. - The group anticipates that the cost of newsprint will remain high in the fourth quarter and will slowly decline in 2023[129]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to $219,525 thousand, while total liabilities were $57,330 thousand[22][26]. - Current liabilities totaled $55,463 thousand as of December 31, 2022, compared to $51,560 thousand as of March 31, 2022, reflecting an increase of approximately 7.4%[66]. - The total assets as of December 31, 2022, amounted to $84,783 thousand, a decrease from $92,155 thousand as of March 31, 2022, representing a decline of approximately 8.5%[65]. - The total liabilities and equity as of December 31, 2022, were $160,306 thousand, a decrease from $167,965 thousand as of March 31, 2022, representing a decline of approximately 4.0%[66]. - The company’s cash and cash equivalents stood at $130,986 thousand as of December 31, 2022, compared to $127,370 thousand as of March 31, 2022, showing an increase of about 2.1%[65]. Strategic Initiatives and Outlook - The company has plans for market expansion and new product development, focusing on enhancing digital content offerings and travel-related services[28]. - Future outlook and strategic initiatives were not detailed in the provided content, indicating a potential area for further inquiry in upcoming reports[7]. - The group plans to expand its market presence and enhance its product offerings in the coming quarters, focusing on digital content and travel services[43]. - The group anticipates economic improvement in Malaysia and Hong Kong in 2023, although inflation and high interest rates may weaken this recovery[151]. Foreign Exchange and Other Impacts - The group experienced negative foreign exchange impacts due to the weakening of the Malaysian Ringgit and Canadian Dollar, affecting operational performance[148]. - The group reported a net foreign exchange loss of $113,000 for the three months ended December 31, 2022[152]. - The company recorded a loss of $(25,339) thousand in other comprehensive income, primarily due to fair value changes in financial assets[94].
世界华文媒体(00685) - 2023 Q3 - 季度财报