Our revenues and gross profit continued to grow, and gross profit margin continued to improve for the nine months ended 31 December 2021. We delivered strong growth of 36.3% in Adjusted Net Profit after excluding the effect of acquisition-related expenses and government subsidy under the Anti-Epidemic Fund. Since 8 October 2021, the performance of ServiceOne International Holdings Limited (“S1IHL”) has been consolidated into our financial statements.
Expert Systems Holdings Limited third quarterly results for the nine months ended 31 December 2021.
Read the detail results announcement here: https://www.expertsystems.com.hk/wp-content/uploads/2022/02/20220209-3QResultsAnnouncement_Feb22.pdf
Highlights:
- Revenue for the nine months ended 31 December 2021 (the “Reporting Period”) increased by approximately 12.9% from that for the nine months ended 31 December 2020 (the “Corresponding Period”) to approximately HK$441.8 million.
- Gross profit for the Reporting Period increased by approximately 40.5% from the Corresponding Period to approximately HK$71.6 million.
- Profit for the period attributable to owners of the Company for the Reporting Period dropped by approximately 21.6% to approximately HK$12.5 million as compared to the Corresponding Period. Excluding the legal and professional fees of HK$3.1 million for the very substantial acquisition (the Acquisition as defined in Note 4 under Notes to the Condensed Consolidated Financial Statements) recognised for the Reporting Period and the government subsidy of HK$4.5 million from the Employment Support Scheme under the Anti-Epidemic Fund recognised for the Corresponding Period, the adjusted profit attributable to owners of the Company for the Reporting Period amounted to HK$15.6 million (the Corresponding Period: HK$11.5 million (adjusted)), representing an increase of approximately 36.3% as compared with that of the Corresponding Period.
- Basic earnings per share decreased by approximately 21.6% from approximately HK1.99 cents for the Corresponding Period to approximately HK1.56 cents for the Reporting Period.