Financial Performance - For the first half of the fiscal year 2024, Altus Holdings Limited reported unaudited revenue of HKD 25,400,000, an increase of 3.0% compared to HKD 24,700,000 in the first half of fiscal year 2023[5] - The group recorded a reported and underlying net profit of HKD 5,500,000 for the first half of fiscal year 2024, compared to HKD 2,200,000 and HKD 3,200,000 for the same period in fiscal year 2023[5] - Basic and diluted earnings per share for the first half of fiscal year 2024 were HKD 0.66, up from HKD 0.26 in the first half of fiscal year 2023[5] - The pre-tax profit for the first half of fiscal year 2024 was HKD 7,698,000, significantly higher than HKD 3,977,000 in the first half of fiscal year 2023[6] - Total comprehensive expenses for the first half of fiscal year 2024 amounted to HKD 39,282,000, compared to HKD 55,194,000 in the first half of fiscal year 2023[9] - The group’s share of profits from associates increased to HKD 39,000 in the first half of fiscal year 2024, compared to HKD 28,000 in the first half of fiscal year 2023[6] - The company reported a profit attributable to owners of HKD 5,334,000 for the first half of fiscal year 2024, compared to HKD 2,079,000 in the same period of fiscal year 2023, reflecting a 156.5% increase[51] Expenses and Costs - The group’s administrative and operating expenses decreased to HKD 10,325,000 in the first half of fiscal year 2024 from HKD 13,211,000 in the first half of fiscal year 2023[6] - Total financial costs for the first half of fiscal year 2024 amounted to HKD 2,554,000, up from HKD 1,933,000 in the first half of fiscal year 2023, representing a 32.2% increase[45] - The total income tax expense for the first half of fiscal year 2024 was HKD 2,238,000, compared to HKD 1,776,000 in the first half of fiscal year 2023, indicating a 25.9% increase[46] - The total employee costs, excluding directors' remuneration, for the first half of fiscal year 2024 were HKD 4,990,000, down from HKD 5,793,000 in the first half of fiscal year 2023, a decrease of 13.9%[49] Cash Flow and Liquidity - Operating cash generated in the first half of fiscal year 2024 was HKD 9,666,000, an increase of 20.7% compared to HKD 8,007,000 in the first half of fiscal year 2023[19] - Net cash generated from operating activities for the first half of fiscal year 2024 was HKD 9,408,000, up 39.4% from HKD 6,767,000 in the same period last year[19] - Cash and cash equivalents as of September 30, 2023, were HKD 33,913,000, down from HKD 35,658,000, indicating a decline of about 4.9%[11] - Cash and bank balances as of September 30, 2023, were HKD 33,900,000, down from HKD 35,700,000 on March 31, 2023[104] Foreign Exchange Impact - The group incurred a foreign exchange loss of HKD 38,900,000 due to the weak Japanese yen against the Hong Kong dollar, leading to total comprehensive expenses of HKD 33,800,000 for the first half of fiscal year 2024[5] - The company reported a net foreign exchange loss of HKD 220,000 for the first half of fiscal year 2024, compared to a gain of HKD 1,854,000 in the same period of fiscal year 2023[49] - The company recorded a foreign exchange loss of HKD 38,900,000 due to the depreciation of the Japanese yen during the first half of the 2024 fiscal year[111] Assets and Liabilities - As of September 30, 2023, total assets decreased to HKD 546,791,000 from HKD 591,158,000 as of March 31, 2023, representing a decline of approximately 7.5%[11] - Non-current liabilities decreased to HKD 123,936,000 from HKD 132,278,000, a reduction of about 6.3%[12] - The company's equity attributable to owners decreased to HKD 376,066,000 from HKD 408,133,000, reflecting a decrease of approximately 7.8%[12] - The company’s total liabilities decreased to HKD 388,939,000 from HKD 422,305,000, a reduction of about 7.9%[12] - The company’s total equity decreased to HKD 388,939,000 from HKD 422,305,000, reflecting a decrease of approximately 7.9%[12] Revenue Segments - For the second quarter of fiscal year 2024, the group reported revenue of HKD 12,977,000, compared to HKD 10,203,000 in the second quarter of fiscal year 2023[6] - Income from corporate financing and other consulting services in the first half of fiscal year 2024 was HKD 10,018,000, a 11.2% increase from HKD 9,008,000 in the same period last year[24] - Revenue from corporate finance and other consulting services increased by 11.2% in the first half of fiscal year 2024, contributing significantly to overall revenue growth[83] - The segment profit for the first half of fiscal year 2024 was HKD 14,276, compared to HKD 12,211 in the first half of fiscal year 2023, marking an increase of 16.9%[33] Shareholder Information - The total number of shares issued and paid up as of September 30, 2023, is 812,500,000 shares[67] - Major shareholder Flying Castle Limited owns 557,200,000 shares, which is 68.58% of the company[119] - The company has no arrangements for directors or senior management to benefit from purchasing shares or related securities during the first half of the 2024 fiscal year[118] - The company has confirmed that there are no interests held by directors or major shareholders in any competing businesses as of September 30, 2023[133] Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance and has established an audit committee consisting of three independent non-executive directors[136] - The company has maintained the required public float as per GEM Listing Rules throughout the first half of the fiscal year 2024[124] Employee Information - As of September 30, 2023, the group had 15 employees, a decrease from 19 employees on September 30, 2022[126] - The short-term benefits for directors and key management personnel amounted to HKD 2,326,000 for the first half of the fiscal year 2024, a decrease from HKD 3,411,000 in the same period of the previous year[78]
浩德控股(08149) - 2024 - 中期财报