Financial Performance - The audited revenue for the year ended December 31, 2023, was approximately SGD 66.5 million, an increase of about SGD 3.1 million or 4.9% compared to SGD 63.4 million for the year ended December 31, 2022[5]. - The audited profit after tax for the year ended December 31, 2023, was approximately SGD 0.5 million, a significant increase of about SGD 2.1 million or 129.7% from a loss of SGD 1.6 million for the year ended December 31, 2022[5]. - Basic and diluted earnings per share for the year ended December 31, 2023, were SGD 0.0002, compared to a loss of SGD 0.0008 per share for the year ended December 31, 2022[5]. - Total revenue for the year ended December 31, 2023, was approximately 66.5 million SGD, an increase of about 4.9% compared to approximately 63.4 million SGD for the year ended December 31, 2022[45]. - Cost of sales for the year ended December 31, 2023, was approximately 57.5 million SGD, an increase of about 5.0% from approximately 54.8 million SGD for the year ended December 31, 2022[46]. - Gross profit increased from approximately 8.6 million SGD for the year ended December 31, 2022, to approximately 9.0 million SGD for the year ended December 31, 2023, with a slight decrease in gross margin from 13.6% to 13.5%[47]. - The company confirmed government grants totaling approximately 0.6 million SGD for the year ended December 31, 2023, down from 2.9 million SGD in 2022[47]. - Other income increased from approximately SGD 121,000 for the year ended December 31, 2022, to approximately SGD 406,000 for the year ended December 31, 2023, mainly due to increased interest income from longer-term fixed bank deposits[50]. - Net profit for the year ended December 31, 2023, was approximately SGD 0.5 million, a 129.7% increase compared to a net loss of SGD 1.6 million for the year ended December 31, 2022[53]. Dividends - The board has proposed a final dividend of SGD 0.0015 per share for the year ended December 31, 2023[5]. - The board proposed a final dividend of 0.0015 SGD per ordinary share for the year ending December 31, 2023, subject to shareholder approval[36]. - The board proposed a final dividend of SGD 0.0015 per share for the year ended December 31, 2023, compared to SGD 0.001 per share for 2022[54]. Assets and Liabilities - Total assets as of December 31, 2023, were SGD 44.475 million, a decrease from SGD 46.871 million as of December 31, 2022[10]. - Total liabilities as of December 31, 2023, were SGD 14.381 million, down from SGD 15.274 million as of December 31, 2022[12]. - The net current assets as of December 31, 2023, were SGD 28.196 million, compared to SGD 31.695 million as of December 31, 2022[12]. - As of December 31, 2023, the group's current assets were approximately SGD 39.9 million, with a current ratio of 3.4, down from 3.9 as of December 31, 2022[55]. - The net cash position as of December 31, 2023, indicated that cash and cash equivalents exceeded bank borrowings, making the net debt-to-equity ratio not applicable[55]. Expenses - Administrative expenses decreased to SGD 8.644 million in 2023 from SGD 10.005 million in 2022[6]. - Total employee benefits expenses rose to 44,158 thousand SGD in 2023, compared to 38,280 thousand SGD in 2022, reflecting an increase of approximately 15.4%[30]. - Employee benefits expenses, including directors' remuneration, increased to 44.2 million SGD in 2023 from 38.3 million SGD in 2022[9]. - Financial costs decreased to 203 thousand SGD in 2023 from 275 thousand SGD in 2022, a reduction of approximately 26.18%[32]. - The group’s tax expense for 2023 was 77 thousand SGD, down from 228 thousand SGD in 2022, indicating a decrease of about 66.3%[32]. Revenue Sources - Revenue from cleaning services was 66,454 thousand SGD in 2023, up from 63,182 thousand SGD in 2022, indicating a growth of about 4.27%[24]. - The group’s revenue from Thailand increased significantly to 7,678 thousand SGD in 2023 from 3,133 thousand SGD in 2022, representing a growth of approximately 145.5%[25]. - Interest income increased significantly to 366 thousand SGD in 2023 from 37 thousand SGD in 2022, marking a growth of over 890%[27]. Employment - The group employed 2,609 employees as of December 31, 2023, an increase from 1,904 employees as of December 31, 2022[66]. Compliance and Governance - The company has established an audit committee in compliance with listing rules, consisting of three independent non-executive directors[71]. - The annual performance for the year ended December 31, 2023, was prepared in accordance with International Financial Reporting Standards[72]. - The company's auditor confirmed that the consolidated financial statements for the year ended December 31, 2023, are consistent with the reported figures[73]. - The company has maintained the required public float as per listing rules[75]. Future Outlook - The company aims to enhance productivity through investments in technology and training despite increasing competition in the environmental services industry in Singapore[44]. - The group expects that the application of new accounting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[22]. Miscellaneous - There were no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2023[60]. - The group currently has no significant contingent liabilities as of December 31, 2023[57]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries for the year ended December 31, 2023[74]. - The total net proceeds from the company's listing amounted to approximately SGD 11.8 million, with various allocations planned for future expenditures[64]. - The 2024 Annual General Meeting is scheduled for May 30, 2024[78]. - The company will suspend the transfer of shares from May 27, 2024, to May 30, 2024, to determine eligibility for voting at the AGM[79]. - The annual performance announcement will be published on the Stock Exchange and the company's website[80]. - The report period refers to the year ended December 31, 2023[84]. - The company was listed on the main board of the Stock Exchange on July 3, 2020[85].
HYGIEIA GROUP(01650) - 2023 - 年度业绩