Financial Performance - For the quarter ended December 31, 2023, the company reported revenue of 36.36million,anincreaseof5.0634.62 million in the same quarter of 2022[5]. - The cost of goods sold for the quarter was 27.04million,upfrom21.62 million in the previous year, resulting in a gross profit of 9.32million,down28.9212.99 million[5]. - The company recorded a net loss of 1.23millionforthequarter,comparedtoaprofitof0.67 million in the same quarter of 2022, reflecting a significant decline in profitability[6]. - Operating loss for the quarter was 0.90million,comparedtoanoperatingprofitof1.66 million in the same quarter of the previous year[5]. - The company reported total comprehensive income of 1.37millionforthequarter,downfrom8.02 million in the same quarter of 2022[6]. - Basic and diluted loss per share for the quarter was 0.07,comparedtoearningspershareof0.05 in the same quarter of 2022[5]. - Other income for the quarter was 1.52million,slightlydownfrom1.73 million in the same quarter of the previous year[5]. - The company experienced a significant increase in financing costs, which rose to 0.36millionfrom0.27 million year-over-year[5]. - The company reported a foreign exchange gain of 2.72millionforthequarter,comparedtoagainof7.35 million in the same quarter of 2022[6]. - Revenue for the nine months ended December 31, 2023, was 113,845thousand,anincreaseof12.5101,284 thousand in 2022[8]. - Gross profit decreased to 28,951thousand,down24.038,114 thousand in the same period last year[8]. - Operating loss for the nine months was 5,413thousand,comparedtoanoperatingprofitof4,077 thousand in 2022[8]. - Net loss attributable to the owners of the company was 6,024thousand,comparedtoaprofitof1,879 thousand in the previous year[8]. - Total comprehensive loss for the nine months was 12,337thousand,comparedtoalossof4,262 thousand in 2022[9]. - The company reported a net loss of 6.024millionforthethirdquarterof2023,comparedtoaprofitof1.879 million in the same period last year[17]. - The company reported a pre-tax loss of 1,261,000forthequarter,comparedtoaprofitof1,382,000 in the same quarter last year[39]. - The group recorded a pre-tax loss of 6,393,000fortheninemonths,comparedtoapre−taxprofitof3,537,000 in the same period last year[64]. Cash Flow and Financial Position - Cash and cash equivalents as of December 31, 2023, were 56,074thousand,downfrom61,524 thousand as of March 31, 2023[11]. - Inventory decreased to 8,480thousandfrom11,145 thousand as of March 31, 2023, indicating a reduction of 23.9%[11]. - Total assets as of December 31, 2023, were 120,510thousand,comparedto126,757 thousand as of March 31, 2023[11]. - The company reported a financing cost of 963thousand,anincreasefrom533 thousand in the previous year[8]. - As of December 31, 2023, the total equity attributable to the owners of the company is 137.696million,adecreasefrom152.564 million as of March 31, 2023, representing a decline of approximately 9.7%[13]. - The retained earnings as of December 31, 2023, stand at 192.295million,downfrom200.850 million as of March 31, 2023, indicating a decrease of about 2.8%[19]. - The company's total assets per share attributable to owners decreased from 9.09to8.25, reflecting a decline of approximately 9.2%[13]. - The non-controlling interests in equity increased from (750)thousandto(1,467) thousand, indicating a worsening position for minority shareholders[19]. - The company’s other reserves have worsened, moving from (123.915)millionto(129.511) million, a decline of approximately 4.7%[19]. - The total liabilities decreased from 158.685millionto143.053 million, a reduction of approximately 9.8%[19]. - The company’s lease liabilities decreased from 359thousandto159 thousand, indicating a reduction of approximately 55.7%[19]. - The company’s financial position reflects a significant impact from currency translation differences, with a loss of (5.159)millionrecordedinothercomprehensiveincome[17].−Thetotalcomprehensivelossfortheperiodwas56,626 thousand, which includes a loss of 27,650thousandforthequarter[21].−Thecompany′scashandcashequivalentsdecreasedby19,049 thousand for the nine months ended December 31, 2023, compared to an increase of 30,257thousandinthesameperiodof2022[23].−Thecompanyreportedadecreaseinrevenuefromoperatingactivities,withcashoutflowsof16,157 thousand for the nine months ended December 31, 2023, compared to inflows of 34,658thousandinthesameperiodof2022[23].−Thecompany’sinterestpaidincreasedto4,420 thousand for the nine months ended December 31, 2023, from 2,446thousandinthesameperiodof2022[23].−Thecompany’scashflowfromfinancingactivitiesresultedinanetcashoutflowof12,558 thousand for the nine months ended December 31, 2023, compared to 12,682thousandinthesameperiodof2022[23].−Thegroupexperiencedanegativecurrencyimpactofapproximately1,956,000 on revenue due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[64]. - As of December 31, 2023, the group's total borrowings amounted to 21,169,000,allsecured[74].DividendsandShareholderReturns−Thecompanydeclaredaninterimdividendof2.531 million for the 2022/2023 fiscal year, consistent with previous periods[17]. - The group declared an interim dividend of 0.15pershare,totaling2,531,000, paid on July 7, 2023[34]. - The company paid dividends totaling 11,618thousandforthe2022/2023interimperiod,consistentwiththepreviousyear[23].−Theboardannouncednodividenddistributionforthereviewquarter,consistentwiththepreviousyear[77].OperationalInsights−Thecompanyplanstofocusonimprovingoperationalefficiencyandexploringnewmarketopportunitiestoenhancefutureperformance[6].−Thegroup’soperationsmaybeinfluencedbyseasonalfactors,particularlyaroundmajorholidaysandevents,affectingadvertisingandtravelrevenues[30].−Thecompanyexperiencednegativecurrencyimpactsofapproximately463,000 and 34,000onrevenueandpre−taxloss,respectively,duetotheweakeningoftheMalaysianRinggitandCanadianDollaragainsttheUSDollar[59].−Thetravelsegment′srevenueincreasedby262.79,431,000 in Q3, driven by positive customer feedback on luxury tours to mainland China[62]. - The group anticipates continued growth in the travel segment, contributing significantly to sales performance despite a challenging operating environment[67]. Segment Performance - For the quarter ending December 31, 2023, total revenue was 36,363,000,with26,932,000 from publishing and printing and 9,431,000fromtravel−relatedservices[38].−Advertisingrevenueforthequarterwas17,418,000, a decrease from 20,857,000inthesamequarterlastyear[39].−ThepublishingandprintingsegmentinMalaysiagenerated16,092,000 in revenue, while the North American segment contributed 1,676,000[38].−Salesofnewspapers,magazines,books,anddigitalcontentfortheninemonthsendedDecember31,2023,amountedto30,018 thousand, down from 34,484thousandin2022,indicatingadeclineof12.8351,921 thousand, compared to 59,198thousandin2022,adecreaseof12.2331,906 thousand, significantly up from 7,602thousandin2022,markinganincreaseof319.7826,932,000 from 32,018,000inthesamequarterlastyear,resultinginapre−taxlossof1,491,000[60]. - The Malaysian segment's revenue fell by 19.5% to 16,092,000,leadingtoapre−taxprofitdeclineof82.3411,000 from 2,327,000inthesamequarterlastyear[60].−TheHongKongandTaiwansegment′srevenuedecreasedby9.39,164,000, resulting in a quarterly loss of 997,000,comparedtoabreak−evenperformanceinthesamequarterlastyear[60].−TheNorthAmericansegment′srevenuedeclinedby13.41,676,000, with a pre-tax loss widening from 798,000to905,000[61].
