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盛良物流(08292) - 2023 Q3 - 季度财报

Financial Performance - For the nine months ended September 30, 2023, the total revenue of Worldgate Global Logistics Ltd was approximately MYR 82.8 million, a decrease of about 18.7% compared to the same period in 2022[3]. - The gross profit for the nine months ended September 30, 2023, was approximately MYR 6.3 million, representing a decline of about 44.0% year-on-year[3]. - The company recorded a net loss of approximately MYR 9.8 million for the nine months ended September 30, 2023[3]. - For the three months ended September 30, 2023, the revenue was MYR 31.8 million, down from MYR 33.7 million in the same period of 2022[4]. - The gross profit for the three months ended September 30, 2023, was MYR 2.0 million, compared to MYR 3.2 million in the previous year, indicating a decline[4]. - The loss before tax for the nine months ended September 30, 2023, was MYR 9.4 million, compared to a loss of MYR 5.3 million for the same period in 2022[4]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was 1.55 sen, compared to 0.86 sen for the same period in 2022[5]. - The total comprehensive loss for the nine months ended September 30, 2023, was MYR 8.1 million, compared to a loss of MYR 1.0 million in the previous year[6]. - The company reported a foreign exchange gain of MYR 1.4 million for the nine months ended September 30, 2023, compared to a gain of MYR 4.3 million in the previous year[6]. - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company of 3,456,000 MYR, compared to a loss of 1,383,000 MYR for the same period in 2022, representing a year-over-year increase of approximately 150.5%[23]. - For the nine months ended September 30, 2023, the loss attributable to owners of the company was 9,825,000 MYR, compared to 5,436,000 MYR for the same period in 2022, indicating an increase of approximately 80.5%[23]. Revenue Breakdown - The revenue from freight forwarding and related services was MYR 5,748,000, a decrease of 53.7% compared to MYR 12,400,000 in the same period of 2022[10]. - The revenue from the sale of second-hand mobile phones increased significantly to MYR 22,952,000 for the three months ended September 30, 2023, up 29.3% from MYR 17,754,000 in the same period of 2022[10]. - The revenue from external customers in Malaysia for the nine months ended September 30, 2023, was MYR 18,559,000, down from MYR 45,950,000 in the same period of 2022[15]. - The revenue from the manufacturing and trading of plastic products for the nine months ended September 30, 2023, was approximately RM 12.0 million, a decrease of 35.9% from RM 18.7 million in 2022, accounting for about 14.5% of total revenue[31]. - The revenue from the trading of second-hand mobile phones for the nine months ended September 30, 2023, was approximately RM 52.2 million, an increase of 46.4% from RM 35.7 million in 2022, representing about 63.0% of total revenue[32]. - The total revenue from integrated logistics services for the nine months ended September 30, 2023, was approximately RM 18.6 million, a decrease of 60.8% from RM 47.3 million in 2022[34]. Operational Highlights - The company continues to focus on expanding its logistics services in Malaysia and Hong Kong, while also exploring opportunities in Vietnam[10]. - The company plans to utilize the proceeds from the rights issue for operational funding to expand logistics services in Hong Kong[47]. - The company has entered into a strategic cooperation agreement with Zhongwei Supply Chain Limited to enhance its supply chain business, leveraging its logistics service advantages and extensive network[53]. - The company is in discussions to establish a joint venture with Suining International Limited, with a proposed equity ratio of 51:49, focusing on investments in green energy and environmental protection[52]. - The company is exploring investment and business cooperation opportunities to create long-term value for itself and its shareholders[55]. Financial Management - The financing costs for the nine months ended September 30, 2023, were approximately RM 343,000, a significant decrease from RM 730,000 in 2022[44]. - The company's tax expense for the nine months ended September 30, 2023, was 85,000 MYR, compared to 65,000 MYR for the same period in 2022, reflecting an increase of approximately 30.8%[7]. - The company has not reported any potential dilutive ordinary shares during the nine months ended September 30, 2023, thus basic and diluted loss per share remain the same[24]. Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2023[3]. - The company has adhered to the corporate governance code as outlined in the GEM Listing Rules throughout the reporting period[63]. - An audit committee was established on June 17, 2016, consisting of independent non-executive directors, responsible for reviewing financial statements and monitoring internal controls[64]. - The third-quarter financial statements have not been audited by the company's auditor but have been reviewed by the audit committee[65]. - The board of directors confirmed compliance with the trading standards and the company's code of conduct regarding securities transactions during the nine months ending September 30, 2023[62]. Shareholder Information - As of September 30, 2023, Win All Management Limited holds 188,360,000 shares, representing 29.73% of the company's equity[57]. - The controlling shareholders and their close associates have no interests in any business that competes directly or indirectly with the company's operations as of September 30, 2023[61]. - No shares were bought, sold, or redeemed by the company or its subsidiaries during the nine months ending September 30, 2023[60].