ETS GROUP(08031) Earnings Summary
Bullish Points:
1. The company's profit attributable to owners increased by about 193% compared to the same period in 2022.
2. Earnings per share for the six months ended June 30, 2023, increased compared to the same period in 2022.
3. Total employee benefit expenses decreased compared to the same period in 2022.
4. Depreciation and amortization expenses decreased compared to the same period in 2022.
5. Income tax expense decreased compared to the same period in 2022.
6. Trade and other receivables decreased compared to December 31, 2022.
7. Trade and other payables decreased compared to December 31, 2022.
8. Gross profit margin increased from 15.6% in 2022 to 22.6% in 2023.
9. Outsourced inbound customer contact services revenue increased by 10.8% compared to 2022.
10. Staffing services revenue increased by 1% compared to 2022, with a gross profit margin increase from 8.3% to 9.5%.
11. Gross profit margin for financial services increased significantly due to the recovery of expected credit loss provisions for financial assets.
12. Other income increased mainly due to the recovery of expected credit loss provisions for financial assets.
Bearish Points:
1. The company's total revenue decreased by about 9.8% compared to the same period in 2022.
2. No interim dividend is proposed for the six months ended June 30, 2023.
3. The local economy faces challenges due to increasing labor costs and interest rates.
4. Customer contact center equipment management services revenue decreased by 22% compared to 2022, with a gross profit margin decrease from 27.7% to 23%.
5. Financial services revenue decreased compared to the same period in 2022.
6. Revenue from other services related to the company's customer contact center system decreased compared to the same period in 2022.
7. Gross profit margin for other services decreased compared to the same period in 2022, due to reduced demand for other services.
In summary, ETS Group has shown improvements in profit attributable to owners, earnings per share, and gross profit margins in certain areas. However, the company faces challenges in revenue growth, local economic conditions, and decreased demand for some services. The management remains optimistic about the growth of the local business environment and expects performance to improve in the remaining months of the year. For more information, you can read the original text of ETS Group's financial report: https://static.tigerbbs.com/009d575573ec48d5915299db732560bb
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