Annica Holdings Limited: Financial Report Analysis
Net Profit Growth: 967,000 SGD (from loss of 893,000 SGD to profit of 74,000 SGD)
Business Description
Annica Holdings Limited is a Singapore-incorporated company with a presence in the technology and electronics industry. The company’s core business operations involve the design, development, and distribution of electronic products.
Industry Position and Competitors
The company operates in a competitive industry with various players. However, the report does not provide detailed information on the company’s market share or its position within the industry.
Revenue Streams and Customer Base
The company’s revenue streams come from the sales of electronic products. The report does not provide detailed information on the customer base or supply chain.
Financial Statement Analysis
Income Statement
Revenue: 12,627,000 SGD (Audited) vs. 12,621,000 SGD (Unaudited)
Gross Profit: 5,282,000 SGD (Audited) vs. 5,294,000 SGD (Unaudited)
Net Profit: 74,000 SGD (Audited) vs. loss of 893,000 SGD (Unaudited)
The company’s net profit growth is significant, with a turnaround from a loss to a profit.
Balance Sheet
Total Assets: 10,410,000 SGD (Audited) vs. 9,403,000 SGD (Unaudited)
Total Liabilities: 8,295,000 SGD (Audited) vs. 8,256,000 SGD (Unaudited)
Net Assets: 2,115,000 SGD (Audited) vs. 1,147,000 SGD (Unaudited)
Cash Flow Statement
Net Cash Used in Operating Activities: 310,000 SGD (Audited) vs. 318,000 SGD (Unaudited)
Net Cash Used in Investing Activities: 150,000 SGD (Audited) vs. 149,000 SGD (Unaudited)
Net Cash Used in Financing Activities: 862,000 SGD (Audited) vs. 863,000 SGD (Unaudited)
Key Findings and Risks
The company’s net profit growth is significant, with a turnaround from a loss to a profit.
The company’s revenue streams are primarily from the sales of electronic products.
The company has a significant amount of trade and other receivables, which may pose a risk if not collected.
The company has a significant amount of borrowings, which may pose a risk if not serviced properly.
Important Information for Investor Action
No dividend is proposed.
The company’s earnings have increased significantly, with a net profit growth of 967,000 SGD.
Special Activity or Action
The company has taken steps to improve its profitability, including the recovery of bad debt of 2,040,000 SGD and the provision of impairment on property, plant, and equipment of 1,040,000 SGD.
Recommendation
For current investors: Hold the stock, as the company’s net profit growth is significant, and the turnaround from a loss to a profit is a positive sign.
For potential investors: Buy the stock, as the company’s growth prospects seem promising, and the valuation may be attractive.
Disclaimer
The recommendation is based solely on the information provided in the report and should not be considered as investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
Date of Report: 11 April 2025 Financial Year: 31 December 2024
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