Company: CLIK
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003127
Chunk: 92

Company: Click Holdings Ltd.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 92
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 required our Group to provide auditing professionals to perform audit work under their instruction. Cost of revenue Cost of revenue consists primarily of direct labor costs and overhead costs. Our cost of revenue increased by approximately $0.6 million, or 17.8% in FY2023 as compared with FY2022. The increase in cost of revenue was in line with the increase in revenue. Gross profit Our gross profit increased by approximately $0.9 million, or 113.1%, from $0.8 million for the year ended December 31, 2022 to $1.7 million for the year ended December 31, 2023. Profit margin increased from approximately 19.2% in FY2022 and 30.1% in FY2023. The significant increase in gross profit margin in FY2023 was mainly attributable to an increase in the provision of professional solution services which generally carry higher margins because such services are provided by our in -houseemployees and their salaries, which are a core part of our cost of revenue, remained relatively stable.

53 General and administrative expenses General and administrative expenses were approximately 13.7% and 14.6% of total sales in FY2023 and FY2022 respectively. General and administrative expenses are mainly management and office salaries and employee benefits, depreciation of office furniture and equipment, staff salaries, transportation and entertainment, audit fees, bank charges and other office expenses incurred by JFY Corporate and Click Services. The increase in general and administrative expenses by approximately $0.2 million, or 27.4%, was mainly attributable to increase in staff salaries of $0.2 million. Selling and marketing expenses Selling and marketing expenses were approximately 0.4% and 0.7% of total sales in FY2023 and FY2022 respectively. Selling and marketing expenses are mainly advertising expense for online marketing campaigns. The decrease in selling and marketing expenses by approximately $9,601 or 31.2% was mainly attributable to less online marketing advertisements placed in FY2023. Total other (expense) income Government subsidies Our government subsidies mainly were subsidies received from Hong Kong government as relief measures against COVID -19during the years ended December 31, 2023 and 2022. The government subsidies decreased by $9,794, or 34.4%, from $28,462 for the year ended December 31, 2022 to $18,668 for the year ended December 31, 2023. Net interest expenses Our finance expense mainly comprised interest