Revenue Performance - Revenue for the six months ended June 30, 2023, was RM 181,905 thousand, a slight increase from RM 179,709 thousand in the same period of 2022, representing a growth of 1.3%[19] - Total customer contract revenue for the six months ended June 30, 2023, was 181,905 thousand MYR, compared to 179,709 thousand MYR for the same period in 2022, representing an increase of approximately 1.3%[60] - The total revenue from external customers in Malaysia was 105,668 thousand MYR for the six months ended June 30, 2023, up from 102,953 thousand MYR in the same period of 2022, reflecting a growth of approximately 2.1%[60] - The company recorded revenue of approximately 181,905,000 MYR for the six months ended June 30, 2023, an increase of about 1.2% compared to 179,709,000 MYR for the same period in 2022[155] Profitability - Gross profit decreased to RM 37,249 thousand, down from RM 45,225 thousand year-over-year, reflecting a decline of 17.9%[19] - The company reported a net profit of RM 16,628 thousand for the six months ended June 30, 2023, compared to RM 21,810 thousand in the prior year, a decrease of 23.5%[20] - The basic and diluted earnings per share for the period were 0.81 sen, down from 1.06 sen in the same period last year, a decrease of 23.6%[20] - The company reported a net profit of 16,628 thousand MYR for the six months ended June 30, 2023, compared to 18,697 thousand MYR in the same period of 2022, indicating a decline in profitability[58] Expenses and Costs - Financial expenses for the period were RM 5,640 thousand, up from RM 3,914 thousand in the previous year, indicating a rise of 43.9%[19] - The company reported administrative and other operating expenses of 18,167 thousand MYR for the six months ended June 30, 2023, compared to 12,863 thousand MYR in the previous period, indicating a significant increase in operational costs[39] - The company incurred financial expenses of 3,914 thousand MYR for the six months ended June 30, 2023, compared to 2,765 thousand MYR in the previous period, indicating an increase in financing costs[39] - The cost of goods sold for the six months ended June 30, 2023, totaled approximately 144,656,000 MYR, an increase of about 7.6% from the previous year[135] Assets and Liabilities - Total assets as of June 30, 2023, amounted to RM 217,575 thousand, an increase from RM 194,998 thousand as of December 31, 2022, representing a growth of 11.5%[3] - Current liabilities increased to RM 117,986 thousand from RM 94,476 thousand, marking a rise of 24.9%[4] - The company's total equity rose to RM 330,459 thousand as of June 30, 2023, compared to RM 308,313 thousand at the end of 2022, an increase of 7.2%[22] - The company's total lease liabilities amounted to approximately 106,323,000 MYR as of June 30, 2023, compared to 105,637,000 MYR at the end of 2022[139] Operational Highlights - The logistics center and related services segment generated a gross profit of 9,835 thousand MYR, while the fourth-party logistics segment contributed 3,066 thousand MYR for the six months ended June 30, 2023[38] - Revenue from logistics center and related services increased by approximately 15.5% to about 42,453,000 MYR for the six months ended June 30, 2023, compared to 36,762,000 MYR for the same period last year[108] - Revenue from integrated freight forwarding services decreased significantly by approximately 26.7% to about 41,387,000 MYR, primarily due to reduced freight forwarding activity[109] - The company has launched a new warehouse named "Freight Village 5" and a new multimodal terminal concept, which are expected to provide stable revenue sources[113] Employee and Tax Information - As of June 30, 2023, the company employed approximately 901 staff, an increase from about 621 staff a year earlier, with employee costs amounting to approximately 25,305,000 MYR[119] - The company’s income tax expense for the six months ended June 30, 2023, was 2,069 thousand MYR, down from 2,398 thousand MYR in the same period of 2022, a decrease of approximately 13.7%[95] Future Outlook - The company aims to enhance resilience in the current economic climate and is focusing on sustainable development through automation and AI collaboration with universities[137][156] - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its performance in the future[26]
鹰辉物流(01442) - 2023 - 中期业绩