Financial Performance - The company's unaudited revenue for the six months ended January 31, 2024, was approximately SGD 7,491,000, a decrease of about SGD 2,688,000 compared to SGD 10,178,861 for the same period in 2023[7]. - The unaudited loss for the six months ended January 31, 2024, was approximately SGD 760,000, compared to a loss of about SGD 32,000 for the same period in 2023[7]. - Gross profit for the six months ended January 31, 2024, was SGD 1,723,141, down from SGD 2,217,487 in the previous year, representing a decrease of approximately 22.4%[8]. - Total revenue for the six months ended January 31, 2024, was SGD 7,491,023, down from SGD 10,178,861 in the same period of 2023, representing a decrease of approximately 26.4%[23]. - Revenue from manpower outsourcing was SGD 7,472,003 for the six months ended January 31, 2024, compared to SGD 10,103,592 in the previous year, indicating a decline of about 26.1%[23]. - The company reported a net loss attributable to owners of the company of SGD 760,370 for the six months ended January 31, 2024, compared to SGD 31,560 for the same period in 2023[10]. - The company's total comprehensive loss for the period was SGD 716,319, compared to a total comprehensive loss of SGD 109,880 for the same period in 2023[12]. - The group recorded a loss of approximately 760,000 SGD for the six months ended January 31, 2024, due to the combined effects of the aforementioned factors[47]. Assets and Liabilities - Total assets less current liabilities as of January 31, 2024, were SGD 3,079,047, down from SGD 3,805,595 as of July 31, 2023[11]. - Current assets as of January 31, 2024, totaled SGD 4,420,315, a decrease from SGD 4,706,574 as of July 31, 2023[11]. - The company's total equity as of January 31, 2024, was SGD 3,066,487, down from SGD 3,782,806 as of July 31, 2023[11]. - The company's total equity decreased from SGD 3,782,806 as of August 1, 2023, to SGD 3,066,487 as of January 31, 2024, reflecting a decline of approximately 19%[12]. - The company’s total liabilities decreased from 2,179,480 SGD in the previous year to 1,394,183 SGD as of January 31, 2024[37]. Cash Flow - Operating cash flow for the six months ended January 31, 2024, was a net outflow of SGD 400,666, compared to a net inflow of SGD 445,377 in the same period of 2023[13]. - The company generated a net cash inflow from investing activities of SGD 1,031,077 for the six months ended January 31, 2024, contrasting with a net outflow of SGD 24,213 in the previous year[13]. - The company’s financing activities generated a net cash inflow of SGD 992 for the six months ended January 31, 2024, compared to SGD 95,882 in the previous year[13]. - Cash and cash equivalents increased by approximately 665,000 SGD or 42.66%, from about 1,559,000 SGD as of July 31, 2023, to approximately 2,224,000 SGD as of January 31, 2024, mainly due to proceeds from the issuance of unsecured bonds[49]. Dividends and Shareholder Information - The board of directors does not recommend the payment of an interim dividend for the six months ended January 31, 2024[7]. - The company has not declared an interim dividend for the six months ending January 31, 2024[68]. - The average number of issued shares weighted for the six months ended January 31, 2024, was 72,000,000, unchanged from the previous year[32]. - The company plans to issue up to 144,000,000 rights shares at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 14,400,000 before expenses[69]. Employee and Operational Information - As of January 31, 2024, the group employed a total of 96 employees, down from 142 employees in 2023[48]. - The company plans to deepen cooperation with existing clients and explore new business opportunities to expand market share and enhance competitiveness[55]. Governance and Compliance - Following the appointment of Mr. Zhou Zhaohe as an independent non-executive director and chairman of the audit committee on March 8, 2024, the company has complied with GEM Listing Rules[64]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the six months ending January 31, 2024[71]. - The company has maintained a governance structure that does not separate the roles of chairman and CEO, which the board believes enhances operational efficiency[62]. - The company has a sufficient number of independent non-executive directors to meet the requirements of the GEM Listing Rules[65]. - There were no significant transactions or contracts involving directors with substantial interests during the reporting period[66]. - The company has not reported any major events after the six months ending January 31, 2024, up to the report date[70].
星亚控股(08293) - 2024 - 中期业绩