Financial Performance - For the quarter ended December 31, 2023, the company reported revenue of $36.36 million, an increase of 5.06% compared to $34.62 million in the same quarter of 2022[5]. - The cost of goods sold for the quarter was $27.04 million, up from $21.62 million in the previous year, resulting in a gross profit of $9.32 million, down 28.92% from $12.99 million[5]. - The company recorded a net loss of $1.23 million for the quarter, compared to a profit of $0.67 million in the same quarter of 2022, reflecting a significant decline in profitability[6]. - Operating loss for the quarter was $0.90 million, compared to an operating profit of $1.66 million in the same quarter of the previous year[5]. - The company reported total comprehensive income of $1.37 million for the quarter, down from $8.02 million in the same quarter of 2022[6]. - Basic and diluted loss per share for the quarter was $0.07, compared to earnings per share of $0.05 in the same quarter of 2022[5]. - Other income for the quarter was $1.52 million, slightly down from $1.73 million in the same quarter of the previous year[5]. - The company experienced a significant increase in financing costs, which rose to $0.36 million from $0.27 million year-over-year[5]. - The company reported a foreign exchange gain of $2.72 million for the quarter, compared to a gain of $7.35 million in the same quarter of 2022[6]. - Revenue for the nine months ended December 31, 2023, was $113,845 thousand, an increase of 12.5% compared to $101,284 thousand in 2022[8]. - Gross profit decreased to $28,951 thousand, down 24.0% from $38,114 thousand in the same period last year[8]. - Operating loss for the nine months was $5,413 thousand, compared to an operating profit of $4,077 thousand in 2022[8]. - Net loss attributable to the owners of the company was $6,024 thousand, compared to a profit of $1,879 thousand in the previous year[8]. - Total comprehensive loss for the nine months was $12,337 thousand, compared to a loss of $4,262 thousand in 2022[9]. - The company reported a net loss of $6.024 million for the third quarter of 2023, compared to a profit of $1.879 million in the same period last year[17]. - The company reported a pre-tax loss of $1,261,000 for the quarter, compared to a profit of $1,382,000 in the same quarter last year[39]. - The group recorded a pre-tax loss of $6,393,000 for the nine months, compared to a pre-tax profit of $3,537,000 in the same period last year[64]. Cash Flow and Financial Position - Cash and cash equivalents as of December 31, 2023, were $56,074 thousand, down from $61,524 thousand as of March 31, 2023[11]. - Inventory decreased to $8,480 thousand from $11,145 thousand as of March 31, 2023, indicating a reduction of 23.9%[11]. - Total assets as of December 31, 2023, were $120,510 thousand, compared to $126,757 thousand as of March 31, 2023[11]. - The company reported a financing cost of $963 thousand, an increase from $533 thousand in the previous year[8]. - As of December 31, 2023, the total equity attributable to the owners of the company is $137.696 million, a decrease from $152.564 million as of March 31, 2023, representing a decline of approximately 9.7%[13]. - The retained earnings as of December 31, 2023, stand at $192.295 million, down from $200.850 million as of March 31, 2023, indicating a decrease of about 2.8%[19]. - The company's total assets per share attributable to owners decreased from $9.09 to $8.25, reflecting a decline of approximately 9.2%[13]. - The non-controlling interests in equity increased from $(750) thousand to $(1,467) thousand, indicating a worsening position for minority shareholders[19]. - The company’s other reserves have worsened, moving from $(123.915) million to $(129.511) million, a decline of approximately 4.7%[19]. - The total liabilities decreased from $158.685 million to $143.053 million, a reduction of approximately 9.8%[19]. - The company’s lease liabilities decreased from $359 thousand to $159 thousand, indicating a reduction of approximately 55.7%[19]. - The company’s financial position reflects a significant impact from currency translation differences, with a loss of $(5.159) million recorded in other comprehensive income[17]. - The total comprehensive loss for the period was $56,626 thousand, which includes a loss of $27,650 thousand for the quarter[21]. - The company's cash and cash equivalents decreased by $19,049 thousand for the nine months ended December 31, 2023, compared to an increase of $30,257 thousand in the same period of 2022[23]. - The company reported a decrease in revenue from operating activities, with cash outflows of $16,157 thousand for the nine months ended December 31, 2023, compared to inflows of $34,658 thousand in the same period of 2022[23]. - The company’s interest paid increased to $4,420 thousand for the nine months ended December 31, 2023, from $2,446 thousand in the same period of 2022[23]. - The company’s cash flow from financing activities resulted in a net cash outflow of $12,558 thousand for the nine months ended December 31, 2023, compared to $12,682 thousand in the same period of 2022[23]. - The group experienced a negative currency impact of approximately $1,956,000 on revenue due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[64]. - As of December 31, 2023, the group's total borrowings amounted to $21,169,000, all secured[74]. Dividends and Shareholder Returns - The company declared an interim dividend of $2.531 million for the 2022/2023 fiscal year, consistent with previous periods[17]. - The group declared an interim dividend of $0.15 per share, totaling $2,531,000, paid on July 7, 2023[34]. - The company paid dividends totaling $11,618 thousand for the 2022/2023 interim period, consistent with the previous year[23]. - The board announced no dividend distribution for the review quarter, consistent with the previous year[77]. Operational Insights - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[6]. - The group’s operations may be influenced by seasonal factors, particularly around major holidays and events, affecting advertising and travel revenues[30]. - The company experienced negative currency impacts of approximately $463,000 and $34,000 on revenue and pre-tax loss, respectively, due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[59]. - The travel segment's revenue increased by 262.7% year-on-year to $9,431,000 in Q3, driven by positive customer feedback on luxury tours to mainland China[62]. - The group anticipates continued growth in the travel segment, contributing significantly to sales performance despite a challenging operating environment[67]. Segment Performance - For the quarter ending December 31, 2023, total revenue was $36,363,000, with $26,932,000 from publishing and printing and $9,431,000 from travel-related services[38]. - Advertising revenue for the quarter was $17,418,000, a decrease from $20,857,000 in the same quarter last year[39]. - The publishing and printing segment in Malaysia generated $16,092,000 in revenue, while the North American segment contributed $1,676,000[38]. - Sales of newspapers, magazines, books, and digital content for the nine months ended December 31, 2023, amounted to $30,018 thousand, down from $34,484 thousand in 2022, indicating a decline of 12.83%[44]. - Advertising revenue for the nine months ended December 31, 2023, was $51,921 thousand, compared to $59,198 thousand in 2022, a decrease of 12.23%[44]. - Travel and related services revenue for the nine months ended December 31, 2023, was $31,906 thousand, significantly up from $7,602 thousand in 2022, marking an increase of 319.78%[44]. - The publishing and printing segment's revenue decreased by 15.9% to $26,932,000 from $32,018,000 in the same quarter last year, resulting in a pre-tax loss of $1,491,000[60]. - The Malaysian segment's revenue fell by 19.5% to $16,092,000, leading to a pre-tax profit decline of 82.3% to $411,000 from $2,327,000 in the same quarter last year[60]. - The Hong Kong and Taiwan segment's revenue decreased by 9.3% to $9,164,000, resulting in a quarterly loss of $997,000, compared to a break-even performance in the same quarter last year[60]. - The North American segment's revenue declined by 13.4% to $1,676,000, with a pre-tax loss widening from $798,000 to $905,000[61].
世界华文媒体(00685) - 2024 Q3 - 季度业绩