Financial Performance - For the three months ended September 30, 2023, the company's revenue was SGD 3,095,727, a decrease of 78.3% compared to SGD 14,258,060 in the same period of 2022[4] - The gross profit for the three months ended September 30, 2023, was SGD 1,246,745, down 39.0% from SGD 2,043,223 in the same period of 2022[4] - The net profit for the three months ended September 30, 2023, was SGD 527,913, a decline of 71.8% compared to SGD 1,871,145 in the same period of 2022[4] - For the nine months ended September 30, 2023, total revenue was SGD 10,864,603, down 58.4% from SGD 26,111,676 in the same period of 2022[4] - The profit for the nine months ended September 30, 2023, was approximately SGD 1.295 million, down from SGD 2.380 million in 2022[31] - Gross profit for the nine months ended September 30, 2023, was approximately SGD 3.466 million, with a gross margin of about 31.9%, compared to SGD 3.990 million and 15.3% in 2022[31] - The company reported a basic and diluted earnings per share of SGD 0.223 for the three months ended September 30, 2023, compared to SGD 0.790 in the same period of 2022[4] - Selling and administrative expenses for the nine months were approximately SGD 1.891 million, a decrease of 22.8% from SGD 2.450 million in 2022[33] - The company recorded a profit before tax of approximately SGD 1.588 million for the nine months, compared to SGD 2.360 million in 2022[33] - The effective tax expense for the nine months was SGD 292.900 million, compared to a tax credit of SGD 20.300 million in 2022[20] Revenue Breakdown - Revenue from the signage business for the three months ended September 30, 2023, was SGD 2,994,971, an increase of 42.4% from SGD 2,104,063 in the same period of 2022[11] - Revenue from renovation and refurbishment services for the three months ended September 30, 2023, was SGD 100,756, a significant decrease from SGD 12,153,997 in the same period of 2022[11] - Revenue from sales of signage, billboards, variable message signs, bus stops, and aluminum fences in the public and private sectors of Singapore for the nine months ended September 30, 2023, was approximately SGD 8,838,000, an increase of about SGD 3,510,000 compared to SGD 5,328,000 in the same period of 2022[34] - Revenue from renovation and refurbishment services for commercial properties and residential development projects for the nine months ended September 30, 2023, was approximately SGD 2,027,000, a decrease of about SGD 18,756,000 compared to SGD 20,783,000 in the same period of 2022[34] Operational Insights - The company has indicated a focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[4] - The construction sector in Singapore is expected to slowly recover, but will face challenges due to intense bidding competition and rising material costs[35] - The company has no significant investments or acquisitions during the review period and has no specific future plans for significant investments or capital assets as of September 30, 2023[36] Employee and Cost Management - The total employee cost for the nine months ended September 30, 2023, was approximately SGD 2,489,000, compared to SGD 2,912,000 in the same period of 2022[37] - The company employed a total of 82 employees as of September 30, 2023, compared to 81 employees in 2022[37] Governance and Compliance - The board approved the unaudited financial results on November 14, 2023, indicating a commitment to transparency and timely reporting[7] - The board of directors confirmed compliance with the corporate governance code during the nine months ended September 30, 2023[47] - The audit committee reviewed the unaudited consolidated results for the nine months ended September 30, 2023, and found them to be prepared in accordance with applicable accounting standards and regulations[49] - The board of directors includes two executive directors and three independent non-executive directors[50] - The chairman of the board is Mr. Chen Tianji[50] Miscellaneous - The company operates primarily in Singapore and Hong Kong, with revenue from Singapore at SGD 2,994,971 and from Hong Kong at SGD 100,756 for the three months ended September 30, 2023[15] - The company did not recommend an interim dividend for the nine months ended September 30, 2023[25] - There were no significant events occurring after September 30, 2023[38] - The report is dated November 14, 2023[50] - There are no specific financial performance metrics or user data provided in the document[50] - Future outlook and performance guidance are not mentioned in the document[50] - New product and technology development details are absent from the document[50] - Market expansion and acquisition strategies are not discussed in the document[50] - Other new strategies are not outlined in the document[50] - The document primarily focuses on the composition of the board rather than financial data[50]
吉辉控股(08027) - 2023 Q3 - 季度财报