Financial Performance - Total customer sales revenue reached HKD 219.2 million, a significant increase of 352.1% compared to HKD 48.5 million in the same period last year[4]. - Total revenue for the period was HKD 59.5 million, up 561.1% from HKD 9.0 million year-on-year[6]. - The company reported a profit attributable to owners of HKD 1.6 million, reversing a loss of HKD 4.0 million in the previous year[11]. - Basic earnings per share were HKD 0.3, compared to a loss of HKD 0.8 per share in the prior year[4]. - The return on equity improved to 2.6% from a negative 6.9% in the previous year[4]. - The group achieved an operating cash inflow of approximately HKD 24.8 million, a substantial increase from HKD 1.3 million in the same period last year[22]. - Total comprehensive income for the six months ended September 30, 2023, was HKD 1,598,000, compared to a loss of HKD 4,031,000 in the same period of 2022[55]. - Profit attributable to owners of the company for the same period was HKD 1,609,000, a significant recovery from a loss of HKD 3,982,000 in 2022[55]. - The reported segment profit for the same period was HKD 9,317,000, a turnaround from a loss of HKD 2,812,000 in the previous year[81]. Revenue Sources - Revenue from services related to travel and wedding products was HKD 23,939,000, up from HKD 6,914,000 in 2022, indicating a year-over-year increase of about 246%[69]. - The sales of travel packages surged to HKD 33,431,000 from HKD 92,000, marking an increase of approximately 36,000%[69]. - The company reported external customer revenue of HKD 59,549,000 for the six months ended September 30, 2023, compared to HKD 8,988,000 for the same period in 2022, representing a significant increase of 563%[81]. Cost and Expenses - The group recorded a significant increase in sales and distribution costs, rising by 203.3% to HKD 18.5 million compared to HKD 6.1 million in the same period last year[18]. - Administrative and other operating expenses increased by 18.9% to HKD 13.2 million, primarily due to rising employee costs[19]. - Employee costs, including director remuneration, rose to HKD 20,328,000 for the six months ended September 30, 2023, compared to HKD 8,919,000 in the prior year, marking an increase of 128%[84]. Assets and Liabilities - The net asset value as of September 30, 2023, was HKD 61.3 million, up from HKD 59.6 million as of March 31, 2023[22]. - Total assets as of September 30, 2023, amounted to HKD 125,934,000, up from HKD 95,837,000 as of March 31, 2023[57]. - The company’s total liabilities increased to HKD 80,302,000 as of September 30, 2023, up from HKD 45,766,000 as of March 31, 2023, representing a growth of 75%[81]. - Current liabilities increased to HKD 74,889,000 from HKD 43,457,000, indicating a rise in operational obligations[59]. Operational Developments - The company has expanded its travel offerings to include tours to mainland China, which have received positive customer feedback[6]. - Management is implementing flexible business policies to address challenges such as labor shortages and insufficient flight availability[7]. - The group opened 2 new retail stores during the period to capitalize on the market recovery[18]. - The company has resumed normal operations since February 2023, leading to an improvement in performance and a rise in customer numbers[64]. Corporate Governance and Policies - The board has decided not to declare an interim dividend for this period, consistent with the previous year[11]. - The group has complied with all corporate governance codes as per the Hong Kong Stock Exchange listing rules[33]. - The company has adopted a share option scheme to reward employees and encourage their continued service, with options granted to eligible individuals[28]. - The board will regularly review the compensation policy based on the group's operational performance and market conditions[28]. Future Outlook - The company plans to continue investing in infrastructure and technology to support future growth[9]. - The group is actively seeking business opportunities to enhance profitability while maintaining prudent financial management to control costs and improve operational efficiency[31]. - The travel industry is experiencing a strong rebound due to the lifting of travel restrictions, with increasing demand for travel products[29]. - The group aims to enhance competitiveness and resilience to achieve sustainable business growth[31].
专业旅运(01235) - 2024 - 中期财报