Financial Performance - The Group's unaudited revenue for the three months ended October 31, 2023, was approximately SGD 4,384,000, a decrease of about SGD 414,000 compared to the same period in 2022[4]. - The Group recorded an unaudited loss of approximately SGD 800 for the three months ended October 31, 2023, compared to an unaudited loss of approximately SGD 1,000 for the same period in 2022[4]. - Gross profit for the three months ended October 31, 2023, was SGD 979,875, down from SGD 1,053,848 in the same period in 2022, representing a decrease of approximately 7%[5]. - Revenue for the three months ended October 31, 2023, was SGD 4,384,000, a decrease of approximately 414,000 SGD from SGD 4,798,000 for the same period in 2022[29]. - Gross profit decreased from approximately SGD 1,054,000 for the three months ended October 31, 2022, to approximately SGD 980,000 for the same period in 2023, reflecting a decrease of about 74,000 SGD[30]. - Other income fell from approximately SGD 105,000 for the three months ended October 31, 2022, to approximately SGD 37,000 for the same period in 2023, a decrease of about 68,000 SGD[31]. - Administrative expenses decreased to SGD 945,593 for the three months ended October 31, 2023, from SGD 1,075,423 in the same period in 2022, a reduction of about 12%[5]. - Administrative expenses decreased from approximately SGD 1,075,000 for the three months ended October 31, 2022, to approximately SGD 946,000 for the same period in 2023, a reduction of about 129,000 SGD[32]. - The total comprehensive income for the period was SGD 53,056, compared to SGD 54,013 for the same period in 2022, reflecting a decrease of approximately 2%[6]. Financing and Equity - The Group's financing costs increased to SGD 47,144 for the three months ended October 31, 2023, compared to SGD 22,929 in the same period in 2022, an increase of approximately 106%[5]. - The company’s tax expense for the three months ended October 31, 2023, was SGD 7,416, compared to SGD 14,858 for the same period in 2022[22]. - The Group's total equity as of October 31, 2023, was SGD 3,835,862, compared to SGD 3,327,224 as of October 31, 2022, indicating an increase of approximately 15%[7]. - The company’s issued share capital as of October 31, 2023, was SGD 626,240, with a total of 72,000,000 shares outstanding[35]. Dividends and Share Options - The Board of Directors did not recommend the distribution of dividends for the three months ended October 31, 2023[4]. - The company did not declare any dividends for the three months ended October 31, 2023, consistent with the previous year[25]. - The board of directors does not recommend the distribution of dividends for the three months ended October 31, 2023, consistent with the previous year[50]. - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme during the three months ended October 31, 2023, and there are no unexercised share options as of the report date[49]. Operational Insights - The Group primarily operates in Singapore, focusing on providing manpower outsourcing and recruitment services, with no separate segment reporting[12]. - The group's revenue decreased from approximately 4,798,000 SGD for the three months ended October 31, 2022, to approximately 4,384,000 SGD for the three months ended October 31, 2023, primarily due to a decline in revenue from outsourced manpower services and no revenue generated from recruitment services[37]. - As of October 31, 2023, the company had 114 employees, down from 143 employees in 2022[36]. - The company aims to deepen relationships with existing clients and seek new clients to create new business opportunities, focusing on expanding market share and implementing new business strategies to maintain competitiveness and enhance shareholder value[37]. Governance and Compliance - The company is actively seeking suitable candidates to fulfill the requirements of independent non-executive directors and audit committee chairperson to comply with GEM Listing Rules within three months[48]. - The audit committee, established on June 20, 2016, consists of two independent non-executive directors and is responsible for providing independent views on the effectiveness of the group's financial reporting system, risk management, and internal control systems[52]. - The company has complied with the corporate governance code principles and provisions, except for the requirement to separate the roles of chairman and CEO, which are held by the same individual[45]. - The major shareholder, Extraordinary Consultant Limited, holds 12.70% of the issued share capital, with the beneficial ownership attributed to Wong Yuk Chi[40]. Reporting and Publication - The unaudited consolidated performance for the three months ending October 31, 2023, has been reviewed by the Audit Committee[53]. - The report will be published on the Hong Kong Stock Exchange website for at least seven days from the publication date[54]. - The report will also be available on the company's website www.singasia.com.sg[54]. - As of October 31, 2023, there were no significant events occurring after the reporting period up to the report date[51].
星亚控股(08293) - 2024 Q1 - 季度财报