Company Overview - Global Dining Holdings Limited reported unaudited consolidated results for the nine months ending March 31, 2022[1]. - The company is listed under the stock code 8496 on the GEM of the Hong Kong Stock Exchange[1]. - The announcement complies with the GEM Listing Rules regarding the provision of financial information[2]. - The board of directors confirmed that the information provided is accurate and complete in all material aspects[2]. - The report includes a management discussion and analysis section, which is crucial for understanding the company's performance[5]. - The company aims to provide relevant information to investors regarding its operations and financial status[4]. - The report is accessible on the GEM website and the company's official website for transparency[3]. - The company is subject to higher investment risks due to its listing on the GEM, which caters to small and medium-sized enterprises[4]. Financial Performance - Revenue for the three months ended March 31, 2022, was SGD 2,941,439, a decrease of 12.0% compared to SGD 3,342,102 for the same period in 2021[11]. - Revenue for the nine months ended March 31, 2022, was SGD 9,164,792, down 13.6% from SGD 10,617,281 for the same period in 2021[11]. - The company reported a net loss of SGD 612,042 for the three months ended March 31, 2022, compared to a loss of SGD 25,451 in the same period of 2021[13]. - The net loss for the nine months ended March 31, 2022, was SGD 411,078, a significant decline from a profit of SGD 467,189 in the same period of 2021[13]. - Employee benefits expenses decreased to SGD 1,104,465 for the three months ended March 31, 2022, from SGD 1,347,331 in the same period of 2021, reflecting a reduction of 18.1%[11]. - The company incurred financial expenses of SGD 114,292 for the three months ended March 31, 2022, down 54.5% from SGD 251,494 in the same period of 2021[11]. - The basic and diluted loss per share for the three months ended March 31, 2022, was SGD (0.26), compared to SGD (0.01) for the same period in 2021[13]. - The total comprehensive loss for the three months ended March 31, 2022, was SGD 619,954, compared to a loss of SGD 25,451 in the same period of 2021[13]. - The company reported other income of SGD 187,302 for the three months ended March 31, 2022, a decrease of 79.5% from SGD 912,502 in the same period of 2021[11]. - The company’s total equity as of March 31, 2022, was SGD 1,918,493, reflecting a decrease from SGD 7,675,853 as of March 31, 2021[16]. - Total revenue for the period ending March 31, 2022, was SGD 2,941,439, a decrease of approximately SGD 1,500,000 or 13.7% compared to SGD 10,617,281 for the nine months ending March 31, 2021[36]. - The bakery segment generated revenue of SGD 1,628,304, accounting for 55% of total revenue for the three months ending March 31, 2022, down from 73% in the same period of 2021[39]. - The company reported a net loss attributable to equity holders of approximately SGD 0.4 million for the period, compared to a profit of SGD 0.5 million for the nine months ending March 31, 2021[33]. - Other income decreased by approximately SGD 200,000 or 16.1% to about SGD 1.3 million for the period, primarily due to reduced government subsidies compared to the previous year[40]. - The casual dining segment, particularly the Chinese casual dining, generated revenue of SGD 701,631, representing 24% of total revenue for the three months ending March 31, 2022[39]. Operational Insights - The company has 13 bakery outlets and four Japanese and four Chinese casual dining restaurants in Singapore as of March 31, 2022[35]. - The company plans to enhance operational efficiency and explore opportunities to expand its customer base and market share[34]. - The company confirmed the use of raw materials and consumables at approximately SGD 2.5 million, consistent with the previous period[43]. - The company will continue to adopt a cautious approach in adjusting its business strategies due to uncertainties arising from the COVID-19 pandemic[34]. - Employee benefits costs for the period amounted to approximately SGD 3.4 million, remaining stable compared to the previous period[46]. - Operating lease costs decreased by approximately SGD 1.4 million or 37.8% to about SGD 2.2 million for the period, down from approximately SGD 3.6 million for the nine months ended March 31, 2021[47]. - The group recorded a net loss attributable to equity holders of approximately SGD 0.4 million for the period, compared to a net profit of approximately SGD 0.5 million for the nine months ended March 31, 2021[53]. - Other expenses increased by approximately SGD 0.5 million or 40.6% to about SGD 1.9 million for the period, primarily due to an increase in legal and professional fees[52]. - Total operating lease costs for the nine months ended March 31, 2022, were approximately SGD 2.2 million, down from SGD 3.6 million for the same period in the previous year[47]. - The group applied a total of SGD 543,825 in rent concessions related to COVID-19, which were recognized as negative variable lease payments[50]. - Depreciation of right-of-use assets for the period was approximately SGD 2.3 million, down from SGD 3.2 million for the nine months ended March 31, 2021[47]. - The group assessed non-current assets due to the negative impact of COVID-19, leading to an impairment charge of approximately SGD 2.0 million for the year ended June 30, 2021[47]. Governance and Compliance - The board did not recommend the payment of dividends for the period[55]. - The company has not purchased, sold, or redeemed any of its listed securities during the period[58]. - AA Food holds a beneficial interest of 153,000,000 shares, representing 63.75% of the company's equity[66]. - Dunman Capital Global Limited has a beneficial interest of 27,000,000 shares, accounting for 11.25% of the company's equity[66]. - The company has maintained compliance with the corporate governance code since its listing date[71]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited third-quarter results for the nine months ending March 31, 2022[74]. - No share options have been granted under the share option scheme since its adoption on April 24, 2020[73]. - The company emphasizes the importance of corporate transparency and accountability to maintain stakeholder trust[71]. - The board of directors has confirmed full compliance with the securities trading code since the listing date[72]. - The company has not identified any other individuals with a 5% or greater interest in its shares as of March 31, 2022[68]. - The audit committee is responsible for reviewing financial statements and overseeing risk management systems[74]. - The company is committed to creating long-term value for its shareholders through effective governance practices[71].
环球友饮智能(08496) - 2022 Q3 - 季度业绩