Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 86

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 86
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 182,908 |   |

49 Professional solution services Segment revenue was generated from services performed directly by our in -houseemployees who are accounting and finance experts. Segment revenue increased significantly by approximately $1.1 million from $0.9 million for FY2022 to $2.0 million for FY2023 or 112.5% which was mainly attributable to the increase in revenue contributed by Certified Public Accountant firms of approximately $0.9 million that engaged our professional team for the provision of audit work under their instruction. Segment gross profit also increased significantly with the gross profit margin increased from 35.9% in FY2022 to 59.9% in FY2023. The significant increase in segment gross profit margin in FY2023 was mainly due to the comparatively smaller increase in cost of revenue by approximately $0.2 million or 32.9% arising from increase in staff headcount and incentive payment. The significant increase in segment revenue coupled with the relatively rigid salaries of the professional team resulted in a turnaround of segment results from net loss in FY2022 to net profit in FY2023. Nursing solution services Segment revenue was generated from service fee for sourcing and placement of independent contractors from our talent pool who are registered nurses and/or healthcare workers specializing in provision of healthcare services to social service organizations, nursing homes and individual clients. Segment revenue decreased by approximately $0.2 million or 8.5% in FY2023 which was mainly attributable to termination of double pay for nursing professionals in FY2022 offered by some nursing home clients in respect of incentive scheme during COVID pandemic. Since our service fee was determined with reference to the salaries of the independent contractors being placed, segment revenue also decreased slightly in FY2023 following the termination of double pay arrangement of some of our customers. Segment gross profit margin remained stable at 13.2% in FY2022 and 15.6% in FY2023. Net profit also remained stable at the level of around $0.2 million in both financial years. Logistics and other solution services Segment revenue was generated from service fee for sourcing and placement of independent contractors from our talent pool who are blue collar workers. Segment revenue increased by approximately $0.6 million or 47.2% in FY2023 which was mainly attributable to the rapid expansion of this segment during the year in particular the new engagement with customers in the logistics and warehousing industry which is labour intensive and relies heavily on staffing solution services. Segment gross profit also increased with the increase in segment revenue while the