世界华文媒体(00685) - 2024 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2023, was $77,482 thousand, an increase of 16.2$66,666 thousand in 2022[3] - Gross profit decreased to $19,628 thousand, down 22.2$25,118 thousand in the previous year[3] - Operating loss for the period was $4,513 thousand, compared to an operating profit of$2,421 thousand in the same period last year[3] - Net loss for the period was $5,339 thousand, a significant decline from a profit of$803 thousand in 2022[3] - Basic and diluted loss per share was $(0.29), compared to earnings of$0.06 per share in the previous year[3] - Total comprehensive loss for the period amounted to $13,705 thousand, compared to$12,280 thousand in the prior year[4] - The company reported a pre-tax loss of $5.132 million, with a net loss of$5.339 million after tax expenses of $207,000[40] - The company reported a net loss attributable to owners of$4,914,000 for the six months ended September 30, 2023, compared to a profit of $1,044,000 in the same period of 2022, resulting in a basic and diluted loss per share of 0.29 cents[62] - Despite the revenue growth, the company recorded a loss before tax of$5,132,000, a significant decline from a profit of $2,155,000 in the previous year, representing a change of -338.1$76,976 thousand from $83,818 thousand as of March 31, 2023[7] - Current assets totaled$122,900 thousand, down from $126,757 thousand at the end of the previous fiscal year[7] - Total equity attributable to owners of the company was$137,636 thousand, a decrease from $153,314 thousand as of March 31, 2023[8] - Total assets as of September 30, 2023, amounted to$199.876 million, a slight decrease from $210.575 million as of March 31, 2023[46] - The company’s total liabilities were$63.548 million, which includes $57.827 million in segment liabilities[46] - Total liabilities increased to 272,169 thousand MYR from 243,468 thousand MYR, an increase of 11.8$1,196,000, a decrease of 80% compared to $5,973,000 in the same period of 2022[14] - Cash and cash equivalents decreased by$1,319,000 during the period, ending at $58,139,000 compared to$65,760,000 at the end of the previous period[14] - The company reported a net cash outflow from investing activities of $40,000, a significant decrease from$3,883,000 in the prior year[14] - The company’s cash flow from financing activities resulted in a net outflow of $2,475,000, slightly improved from$2,720,000 in the previous year[14] - Operating cash flow for the six months ended September 30, 2023, was 5,613 thousand MYR, a decrease of 80% from 28,025 thousand MYR in the previous year[141] - Cash and cash equivalents decreased by 6,187 thousand MYR during the period, compared to an increase of 33,482 thousand MYR in the same period last year[141] Revenue Breakdown - The total revenue for the six months ended September 30, 2023, was $77.482 million, with$55.007 million from publishing and printing and $22.475 million from travel-related services[40] - The advertising revenue amounted to$34.503 million, with contributions of $18.906 million from Malaysia,$13.214 million from Hong Kong and Taiwan, and $2.383 million from North America[40] - Revenue from newspaper, magazine, book, and digital content sales was$20.504 million, down from $23.323 million in the previous year, a decrease of about 12$34.503 million from $38.341 million, reflecting a decline of approximately 10$5,002,000 to $22,475,000, resulting in a profit before tax of$1,082,000, compared to a loss of $344,000 in the prior year[88] - Conversely, the publishing and printing segment's revenue decreased by 10.8$61,664,000 to $55,007,000, leading to a loss before tax of$5,879,000, down from a profit of $2,821,000[88] Financial Risks and Governance - The group continues to face various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since March 31, 2023[26][27] - The company is committed to adhering to the Malaysian Code of Corporate Governance and has implemented its principles and recommendations to maintain high governance standards[122] - The audit committee regularly meets with management and external auditors to discuss audit procedures and the effectiveness of the group's risk management and internal control systems[124] - The company has established a remuneration committee to review the remuneration policies for directors and senior management, ensuring alignment with the company's performance and market statistics[125] - The company has a nomination committee responsible for reviewing the structure and composition of the board, ensuring effective governance practices[126] Employee and Management Information - The company has 2,684 employees as of September 30, 2023, a decrease from 2,795 employees as of March 31, 2023, indicating a reduction of approximately 4$1,034,000 for the six months ended September 30, 2023, compared to $955,000 in the previous year, reflecting a rise of 8.3%[84] Market and Strategic Focus - The company aims to enhance operational efficiency and optimize costs across all business units, particularly in printing and editorial functions, in the second half of the fiscal year[93] - The company is focusing on expanding its business in mainland China and the Greater Bay Area, collaborating with government agencies to host influential seminars to promote economic development[94] - The group remains cautious about geopolitical tensions that may affect travel confidence and business performance[98] - The group anticipates continued improvement in the travel business, supported by the recovery of airline operations and strong travel demand[102]