------------- -------------
Other comprehensive income
Foreign currency translation
loss, net of taxes 7 *
Total comprehensive income 1,958 1,334
------------- -------------
Net income per share
attributable to ordinary
shareholders
Basic and diluted $ 0.08 $ 0.05
============= =============
Weighted average number of
ordinary shares used in
computing net income per
share
Basic and diluted** 23,250,000 24,500,625
============= =============
* Denotes amount less than US$1,000.
** Retrospectively restated for the effect of a 2,325-for-1 share subdivision.
DAVIS COMMODITIES LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS
(Amount in thousands, except for share and per share
data, or otherwise noted)
For the six-month period ended
June 30,
2023 2024
----------------- ------------
US$'000 US$'000
Net income 1,951 1,334
Adjustments:
Depreciation and
amortization 30 48
Unrealized loss/(gain) on
derivative contract at fair
value 3 (59)
Reversal of impairment loss -- (314)
Interest expense 15 86
Interest expense on finance
lease * 2
Interest expense on lease
liability -- 2
Interest income (43) (181)
1,956 918
Changes in operating assets:
Decrease in inventories 1,698 385
(Increase)/decrease of
accounts and other
receivables (15,987) 1,330
(Increase) in deferred
offering costs (209) --
Increase/(decrease) in
accounts and other
payables, and accruals 12,816 (1,979)
(Decrease) in income tax
payable (224) (428)
Increase in operating lease
liabilities 1 --
Cash provided by operating
activities 51 226
---------------- ------------
Interest received 43 --
Purchase of property, plant and
equipment (299) (5)
Cash (used in)/provided by
investing activities (256) (5)
---------------- ------------
Amount due to related parties 114 --
Proceeds from finance lease 144 --
Repayment of bank borrowings (67) (104)
Interest paid (15) (48)
Principal payment of finance
lease (2) (14)
Principal payment of lease
liabilities -- (18)
Payment of interest on finance
lease * (2)
Payment of interest on lease
liabilities -- (2)
Cash provided by/(used in)
financing activities 174 (188)
---------------- ------------
Net change in cash and cash
equivalents (31) 33
Cash and cash equivalents as of
beginning of the period 2,540 1,330
Cash and cash equivalents as of
the end of the period 2,509 1,363
---------------- ------------
Supplementary Cash Flows
Information
Cash paid for taxes (601) (719)
================ ============
Operating lease asset obtained 150 --
in exchange for operating
lease obligations
================ ============
* Denotes amount less than US$1,000
(END) Dow Jones Newswires
November 13, 2024 02:39 ET (07:39 GMT)
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