Financial Performance - For the six months ended June 30, 2022, the group's unaudited profit was approximately SGD 7.8 million, a decrease of about SGD 2.5 million or 24.3% compared to SGD 10.3 million for the same period in 2021[5]. - The unaudited loss for the six months ended June 30, 2022, was approximately SGD 0.9 million, compared to a profit of SGD 0.2 million for the same period in 2021[5]. - Basic and diluted loss per share for the six months ended June 30, 2022, was SGD 0.19, while for the same period in 2021, it was a profit of SGD 0.07 per share[5]. - The company reported a total comprehensive loss of SGD 1,008 thousand for the six months ended June 30, 2022, compared to a total comprehensive income of SGD 283 thousand for the same period in 2021[8]. - The company reported a loss for the period of SGD 938,000 compared to a profit of SGD 219,000 in the previous year[38]. - The overall gross profit decreased by approximately SGD 1.9 million or 76.0%, falling to approximately SGD 0.6 million for the six months ended June 30, 2022, from approximately SGD 2.5 million for the same period last year[94]. - The overall gross profit margin dropped from approximately 24.3% for the six months ended June 30, 2021, to about 7.7% for the same period in 2022[94]. Revenue and Expenses - The total revenue for the six months ended June 30, 2022, was SGD 7,781 thousand, down from SGD 10,308 thousand in the same period of 2021[8]. - For the six months ended June 30, 2022, total revenue was SGD 7,781,000, a decrease of 24.8% from SGD 10,308,000 for the same period in 2021[38]. - The cost of goods sold for the same period was SGD 3,762,000, down from SGD 4,057,000, reflecting a reduction of 7.3%[39]. - Employee benefits expenses decreased to SGD 2,464,000 from SGD 2,984,000, a decline of 17.4%[41]. - The total employee cost for the six months ended June 30, 2022, was approximately SGD 2.5 million, compared to SGD 3.0 million for the same period in 2021[105]. - Administrative expenses decreased by approximately SGD 0.5 million or 27.8%, from approximately SGD 1.8 million for the six months ended June 30, 2021, to about SGD 1.3 million for the same period in 2022[95]. Assets and Liabilities - The total assets as of June 30, 2022, were SGD 20,283 thousand, a decrease from SGD 20,909 thousand as of December 31, 2021[10]. - The total liabilities as of June 30, 2022, were SGD 8,920 thousand, down from SGD 10,160 thousand as of December 31, 2021[12]. - The equity attributable to the company's equity holders as of June 30, 2022, was SGD 10,752 thousand, compared to SGD 10,100 thousand as of December 31, 2021[12]. - The total lease liabilities decreased to SGD 2,409,000 as of June 30, 2022, from SGD 3,042,000 as of December 31, 2021, indicating a reduction of 20.8%[62]. - Trade payables as of June 30, 2022, amounted to SGD 1,351 million, up 21.2% from SGD 1,115 million as of December 31, 2021[80]. Cash Flow - For the six months ended June 30, 2022, the operating cash flow before tax loss was SGD (926) thousand, compared to a profit of SGD 343 thousand in the same period of 2021, representing a significant decline[18]. - The net cash generated from operating activities for the six months ended June 30, 2022, was SGD 2,034 thousand, down from SGD 2,859 thousand in the previous year, indicating a decrease of approximately 29%[18]. - The cash and cash equivalents at the end of the period increased to SGD 6,267 thousand from SGD 6,108 thousand year-over-year, reflecting a growth of about 2.6%[21]. - The financing activities net cash inflow for the six months ended June 30, 2022, was SGD 374 thousand, a recovery from a net cash outflow of SGD (1,082) thousand in the same period of 2021[21]. Shareholder Information - The board of directors did not recommend the payment of dividends for the six months ended June 30, 2022[5]. - The group did not recommend any interim dividend for the six months ended June 30, 2022[106]. - The weighted average number of ordinary shares issued (basic) increased to 483,996,000 shares in 2022 from 460,000,000 shares in 2021, representing a growth of 5.2%[56]. - The company issued 92 million new shares on June 16, 2022, raising SGD 1,622 million at a price of SGD 0.10 per share[77]. - The net proceeds from the share issuance, after deducting listing expenses, amounted to approximately SGD 6.0 million[114]. Risk and Compliance - The company continues to face financial risks including market risk, credit risk, and liquidity risk, which are consistent with the previous fiscal year[28]. - The company has not reported any significant changes in its credit risk exposure, with no collateral held against trade receivables as of the reporting date[75]. - The company has complied with the corporate governance code, except for the provision that the roles of chairman and CEO should be separated, which is currently not the case[137]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial information for the six months ended June 30, 2022, and found it compliant with applicable accounting standards[140]. Future Outlook - The company plans to focus on cost management and operational efficiency to improve future performance[40]. - The company has not recognized any impairment provisions for receivables as of the reporting date, indicating a stable credit risk environment[75]. - The company has established a trading code for directors in accordance with GEM Listing Rules, and all directors confirmed compliance with these standards for the six months ended June 30, 2022[138].
官酝控股(08513) - 2022 - 中期财报