Core Viewpoint - Premium Catering (Holdings) Limited reported a significant decline in revenue and an increase in net loss for the six-month period ended December 31, 2024, compared to the same period in 2023, primarily due to reduced demand for budget prepared meals and increased operational costs [1][4][16]. Revenue - Total revenue decreased by approximately S$0.6 million or 21.1% to S$2.2 million for the six-month period ended December 31, 2024, down from S$2.8 million in 2023 [4][3]. - The decline in revenue was attributed to a S$0.3 million decrease in budget prepared meals and a S$0.3 million decrease from food stall operations, partially offset by a S$0.04 million increase in buffet catering services [4][5]. Cost of Revenue - Cost of revenue for the six-month period ended December 31, 2024, was approximately S$1.6 million, down from S$2.2 million in 2023, indicating a reduction in raw material and direct wage costs [6]. Gross Profit and Margin - Gross profit remained relatively stable at S$0.63 million for both periods, but the gross profit margin improved to approximately 28.3% in 2024 from 22.4% in 2023, despite increased raw material prices [8]. Operating Expenses - General and administrative expenses surged to approximately S$2.1 million in 2024 from S$1.0 million in 2023, primarily due to post-IPO costs, including consulting and advisory services [9][10]. - Total operating expenses increased significantly by 101.8% to S$2.1 million in 2024, compared to S$1.0 million in 2023 [3][9]. Net Loss - The net loss for the six-month period ended December 31, 2024, was approximately S$1.4 million, a substantial increase from S$0.5 million in 2023, reflecting the combined impact of reduced revenue and increased operating expenses [16]. Company Overview - Premium Catering (Holdings) Limited specializes in Halal food catering, primarily serving foreign construction workers in Singapore, and has over 11 years of experience in the industry [17]. - The company has diversified its services to include buffet catering and operates food stalls, adapting to changes in market demand post-COVID-19 [5][17].