Revenue Performance - Total revenue decreased from approximately 13,845 thousand SGD in the corresponding period to about 12,372 thousand SGD, representing a decline of approximately 10.6%[9] - Retail and delivery sales in Singapore decreased by approximately 788 thousand SGD or 13% during the review period, attributed to the normalization of conditions post-COVID-19[9] - Revenue for the six months ended September 30, 2023, was 12,372 thousand SGD, a decrease of 10.6% from 13,845 thousand SGD in the same period of 2022[105] Profitability - Gross profit for the same period was 7,602 thousand SGD, down 8.9% from 8,346 thousand SGD in 2022[75] - Profit attributable to equity holders for the period was 445 thousand SGD, a significant decline of 75.1% compared to 1,777 thousand SGD in the previous year[75] - Basic and diluted earnings per share for the period were 0.04 SGD, down from 0.21 SGD in the same period last year[75] - The total comprehensive income for the period was 323 thousand SGD, down from 1,666 thousand SGD in the previous year, indicating a decline of about 81%[83] - For the six months ended September 30, 2023, the company reported a profit of 445 thousand SGD, compared to 1,777 thousand SGD for the same period in 2022, representing a decrease of approximately 75%[83] Expenses and Costs - Administrative expenses increased by approximately 526 thousand SGD or 15.5%, mainly due to increased salary costs from headquarters expansion[14] - The company reported a decrease in sales and distribution expenses to 3,180 thousand SGD from 3,270 thousand SGD in the previous year[75] - Total employee benefits and director remuneration increased to 4,087 thousand SGD in 2023 from 3,609 thousand SGD in 2022, reflecting a rise in wage and salary expenses[110] Cash Flow and Financing - Cash generated from operating activities was 1,863 thousand SGD, a decrease from 2,279 thousand SGD year-on-year, reflecting a decline of approximately 18%[86] - The net cash used in financing activities was 1,149 thousand SGD, a substantial decrease from 5,978 thousand SGD in the previous year, showing improved cash management[87] - The company's cash and cash equivalents at the end of the reporting period were 23,796 thousand SGD, a slight decrease from 24,101 thousand SGD year-on-year[87] Capital and Investments - The company issued 200,000,000 shares at HKD 0.65 per share, resulting in net proceeds of approximately HKD 74.8 million after deducting underwriting fees and related listing expenses[37] - The company allocated 47.7% of the proceeds, approximately HKD 6.2 million, for general working capital, with HKD 2.361 million already utilized[37] - The company has no significant investments or capital asset plans other than those disclosed in the prospectus and this report as of September 30, 2023[40] Financial Position - As of September 30, 2023, the total equity of the group was approximately SGD 24.7 million, compared to SGD 24.5 million as of March 31, 2023[47] - The current assets of the group were approximately SGD 26.9 million, while current liabilities were about SGD 4.4 million, resulting in a current ratio of approximately 6.1 times[47] - The group's outstanding bank borrowings were approximately SGD 2.0 million as of September 30, 2023, down from SGD 2.1 million as of March 31, 2023[47] - The debt-to-equity ratio of the group was approximately 19% as of September 30, 2023, up from 18% as of March 31, 2023[50] Corporate Governance and Compliance - The company has maintained compliance with corporate governance codes throughout the review period[68] Future Plans - The group plans to launch a new cooking kiosk concept in early 2024 as an additional revenue source[5] - The company plans to open new self-operated stores in Singapore and West Malaysia, with expected completion by March 2024, utilizing 9.8% and 9.4% of the proceeds respectively[37] Miscellaneous - No interim dividend was declared for the review period, compared to 0.133 SGD per share in the corresponding period[18] - The company experienced a foreign exchange loss of 122 thousand SGD during the period, compared to a loss of 111 thousand SGD in the previous year[83] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period[42]
快餐帝国(01843) - 2024 - 中期财报