Financial Report Analysis: Gallant Venture Ltd.
Company Overview
Gallant Venture Ltd. is a Singapore-based company with its core business operations not explicitly stated in the report. However, based on the provided financial information, we can infer that the company is involved in various business segments, including property development, investment properties, and associate companies.
Business Description
The company’s core business operations seem to be focused on property development, investment properties, and associate companies. The geographic footprint of the company appears to be primarily in Singapore, with operations also in other countries, given the mention of PT IMAS, an associate company.
Industry Position and Competitors
The report does not provide detailed information about the company’s position within the industry, its competitors, and market share. However, based on the financial information provided, we can infer that the company operates in a competitive market with various players.
Revenue Streams and Customer Base
The company’s revenue streams include:
Revenue: $190,915,000 (audited) vs. $190,876,000 (unaudited)
Gross profit: $74,876,000 (audited) vs. $74,971,000 (unaudited)
The customer base and supply chain information are not explicitly stated in the report.
Financial Statement Analysis
Income Statement
Revenue: $190,915,000 (audited) vs. $190,876,000 (unaudited)
Gross profit: $74,876,000 (audited) vs. $74,971,000 (unaudited)
Loss before taxation: $(32,400,000) (audited) vs. $(43,144,000) (unaudited)
Loss after taxation: $(46,514,000) (audited) vs. $(57,192,000) (unaudited)
Balance Sheet
Total assets: Not explicitly stated, but we can infer that the company has significant assets, including property, plant, and equipment ($150,472,000), investment properties ($136,291,000), and associates ($371,464,000).
Total liabilities: Not explicitly stated, but we can infer that the company has significant liabilities, including lease liabilities ($1,821,000 and $4,564,000), trade and other payables ($129,406,000), and contract liabilities ($15,819,000).
Cash Flow Statement
Net cash used in operating activities: $(39,399,000) (audited) vs. $(37,821,000) (unaudited)
Net cash used in investing activities: $(81,695,000) (audited) vs. $(80,676,000) (unaudited)
Net cash generated from financing activities: $128,249,000 (audited) vs. $125,652,000 (unaudited)
Key Findings and Risks
The company’s loss after taxation decreased by $10,678,000 from $(57,192,000) to $(46,514,000).
The company’s total comprehensive loss for the year decreased by $11,536,000 from $(70,872,000) to $(59,336,000).
The company’s accumulated losses decreased by $10,678,000 from $(1,348,707,000) to $(1,338,029,000).
Dividend and Earnings
No dividend information is provided in the report.
Recommendation
Based on the analysis of the financial report, we recommend that investors HOLD the stock if they are currently holding it, as the company’s loss after taxation and total comprehensive loss for the year have decreased.
If investors are currently not holding the stock, we recommend CAUTIOUS BUY, considering the company’s efforts to improve its profitability and the decrease in losses.
Disclaimer
The recommendation is based solely on the information provided in the financial report and may not reflect the current market situation or future prospects. Investors should conduct their own research and consider multiple sources before making any investment decisions.
Date of Report and Financial Year
The report is dated 10 April 2025 and is for the financial year ended 31 December 2024.
Special Activity or Action
The company is taking steps to improve its profitability, including adjustments to its financial statements and reclassification of certain expenses. However, no specific plans are mentioned in the report.
Net Profit Growth or Decline
The company’s loss after taxation decreased by $10,678,000 from $(57,192,000) to $(46,514,000), indicating a net profit growth of 18.66% (or a decline in loss).
Financial Highlights
- Revenue: \$190,915,000 (audited) vs. \$190,876,000 (unaudited)
- Gross Profit: \$74,876,000 (audited) vs. \$74,971,000 (unaudited)
- Loss After Taxation: \$(46,514,000) (audited) vs. \$(57,192,000) (unaudited)
Investment Recommendation
If you are currently holding this stock, we recommend HOLD.
If you are currently not holding this stock, we recommend CAUTIOUS BUY.
Disclaimer: This recommendation is based solely on the information provided in the financial report and may not reflect the current market situation or future prospects. Investors should conduct their own research and consider multiple sources before making any investment decisions.
