Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 87

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 87
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 gross profit margin decreased from 16.0% in FY2022 to 11.9% in FY2023 which was mainly due to discount given to new customers with an aim to capture new business and increase market share. Net profit of this segment remained stable at approximately $0.2 million in FY2022 and FY2023 despite the significant surge in segment revenue because more general and administrative expenses incurred in the expansion of talent pool to cater for the rapid expansion of this business segment. Corporate and unallocated expenses increased by $63,604 or 103.7% in FY2023 mainly because of the increase in general and administrative expenses of $53,418 arising from relocation of the Group to larger office during the year. Impact of COVID-19 on our business The outbreak of COVID -19affected both the business and the labor aspects of the employment market. On the business front, businesses experienced depressed performance, which disrupted recruitment and expansion plans of many organizations, therefore affecting the Group’s operations. At the same time, pandemic -relatedlockdowns restricted labor mobility. As most of the pandemic restrictions in Hong Kong were eased in early 2023, we believe that Hong Kong’s economy is poised for recovery and a return to normalcy. Consequently, we do not expect material impact of COVID -19on our business operations. 50 Key factors affecting operating results We believe the following key factors may affect our results of operations: Economic conditions in Hong Kong Majority of our operations is located in Hong Kong. Accordingly, our business, prospects, financial condition and results of operations may be influenced to a significant degree by political, economic and social conditions in China generally and by continued economic growth in Hong Kong. Ability of our Group to stay competitive in the human resources solution services market The sustainability of our revenue and net income will depend upon our ability to remain competitive in the human resources solution services market and to provide high quality services on a consistent basis. Ability of our Group to accurately predict our clients’ future needs Our revenue is derived from different types of clients, including, individual clients and institutional clients including accounting and professional firms, Hong Kong listed companies, nursing homes, logistics companies and warehouses. The needs of each of our clients for services may vary significantly from time to time. It is difficult to accurately predict our clients’ future needs due to factors such as the experience and expertise of required personnel, staffing levels and workload dynamics, all of which significantly impact service demand. There is no assurance that the demand for our Group’s services from our clients may be maintained