Financial Performance - Revenue for the year ended June 30, 2023, was HKD 207,219,000, compared to HKD 85,525,000 for the previous year, representing a significant increase[1] - The company reported a profit before tax of HKD 21,101,000, recovering from a loss of HKD 263,158,000 in the previous year[1] - Net profit attributable to shareholders for the year was HKD 18,282,000, compared to a loss of HKD 256,391,000 in the prior year[1] - Basic earnings per share for the current year was HKD 1.34, a recovery from a loss of HKD 18.73 per share in the previous year[1] - The group's revenue for the fiscal year ending June 30, 2023, was approximately HKD 207.2 million, representing a significant increase of 142.3% from the previous year[126] - Gross profit for the fiscal year was approximately HKD 136.6 million, with a gross profit margin of 65.9%, up from 25.7% in the previous year[126] - The group recorded a net profit of approximately HKD 18.3 million for the fiscal year, a turnaround from a loss of approximately HKD 256.4 million in the previous year[130] - The group recorded a net other income of HKD 11,938,000 for the year ended June 30, 2023, compared to HKD 4,641,000 in the previous year, indicating improved financial performance[196] Assets and Liabilities - Total assets increased to HKD 1,206,959,000 from HKD 1,195,898,000 year-over-year[6] - As of June 30, 2023, total assets amounted to HKD 1,874,776,000, a decrease from HKD 1,883,777,000 in 2022[24] - The group's total liability was HKD 678,878,000, with the gaming segment accounting for HKD 158,231,000[35] - The group's net asset value was HKD 38,737,000 as of June 30, 2023, down from HKD 40,075,000 in the previous year[24] - The company's non-current assets, including property, plant, and equipment, decreased to HKD 141,409,000 from HKD 162,453,000 year-over-year[98] - The company's current liabilities totaled HKD 470,092,000, slightly up from HKD 467,608,000 in the previous year[98] - The asset-to-liability ratio is approximately 24.7%, a slight decrease from 25.3% on June 30, 2022[183] Dividends and Shareholder Returns - The company did not recommend the payment of a final dividend for the year ended June 30, 2023[1] - The company does not recommend the payment of a final dividend for the year ending June 30, 2023, compared to no dividend in 2022[75] Operational Focus and Future Outlook - The company is focused on expanding its hotel operations and gaming activities in the Philippines and Macau[22] - Future outlook remains positive with expectations of continued revenue growth and market expansion[22] - The group maintains a cautious optimism regarding the outlook for the Philippine tourism and gaming industry, focusing on current operations and potential business opportunities[138] Revenue Segmentation - The group's revenue from external sources reached HKD 207,219,000, with the gaming segment contributing HKD 133,542,000[47] - Revenue from gaming operations was approximately HKD 133.5 million for 2023, a 152.4% increase from the previous year, accounting for 64.4% of total revenue[132] - Hotel operations generated revenue of approximately HKD 73.7 million, a 126.1% increase from the previous year, with an occupancy rate rising from about 47% to approximately 84%[135] Expenses and Financial Management - The group incurred total administrative expenses of HKD 97,024,000 for the year ended June 30, 2023, compared to HKD 77,259,000 in the previous year, reflecting an increase in operational costs[196] - Financial expenses decreased by approximately 10.2% to HKD 26.5 million, primarily due to the full repayment of bank loans[130] - The group's general and administrative expenses increased by approximately 25.5% to about HKD 97,000,000, with employee costs at HKD 32,200,000 (up 1.9%) and public utility expenses at HKD 16,900,000 (up 53.6%)[142] Tax and Legal Matters - The company has not made any tax provisions for the year due to a lack of taxable profits in its Philippine operations[55] - The company anticipates potential liabilities related to tax disputes amounting to approximately HKD 184,900,000, which may require resource allocation[57] - The company believes it has strong legal grounds to contest tax disputes, including claims from the year 2015[90] Market Conditions and Risks - The company continues to face significant risks and uncertainties related to economic growth, market competition, and changes in legal and regulatory environments[184] - The group is exposed to currency risks due to its assets and liabilities being primarily denominated in HKD, USD, and EUR[189] - The group has not encountered any significant non-compliance issues with relevant laws and regulations affecting its business operations as of June 30, 2023[185] Investment and Development Plans - The group plans to invest a total of not less than USD 1,000,000,000 (approximately HKD 7,820,000,000) and not more than USD 1,200,000,000 (approximately HKD 9,380,000,000) for the development of a casino and integrated resort in Manila[176] - The group is adjusting its potential acquisition and development plans for new hotel sites to align with the overall development plan under the temporary license agreement[181] - The group has accumulated knowledge in casino operations and management, which will be transferred to the license holder for casino operations[148] Miscellaneous Income and Other Financial Metrics - Interest income increased significantly to HKD 10,206,000 in 2023 from HKD 4,038,000 in 2022, representing a growth of 152.5%[39] - The group recorded miscellaneous income of HKD 1,732,000, up from HKD 603,000 in the previous year[39] - The group reported a loss from associates of HKD 1,058,000 for the year ended June 30, 2023, an improvement from a loss of HKD 6,445,000 in the previous year[196]
国际娱乐(一万)(01009) - 2023 - 年度业绩