PGHL Primega Group Holdings Ltd

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2025

 

Commission File Number: 001-42181

 

Primega Group Holdings Limited

 

Room 2912, 29/F., New Tech Plaza

34 Tai Yau Street

San Po Kong

Kowloon, Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

Interim Results

 

The unaudited financial results for the six months ended September 30, 2024 is furnished as Exhibit 99.1 to this Form 6-K.

 

Exhibit Index

 

Exhibit No.		Description
99.1		Primega Group Holdings Limited Reports Unaudited Financial Results for The Six Months Ended September 30, 2024

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	PRIMEGA GROUP HOLDINGS LIMITED
	By:	/s/ Kan Chi Wai
	Name:	Kan Chi Wai
	Title:	Chief Executive Officer and Director

 

Date: February 24, 2025

 

 

Exhibit 99.1

 

PRIMEGA GROUP HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 

		For the period ended 30 Sept
		2023 (unaudited)				2024 (unaudited)
		USD				USD
Revenue			5,871,375				9,573,479
Revenue - related company			-				-
			5,871,375				9,573,479
Cost of sales			(3,965,734	)			(7,714,821	)
Cost of sales - related company			(527,237	)			(450,340	)
			(4,492,971	)			(8,165,161	)
Gross profit			1,378,404				1,408,318
Operating expenses:
General and administrative expenses			(668,635	)			(784,754	)
Total operating expenses			(668,635	)			(784,754	)
Income from operations			709,769				623,564
Other income/(expense)			64,971				(125,426	)
Interest expense			(98,227	)			(93,880	)
Income before tax expense			676,513				404,258
Income tax expense			(90,249	)			(77,792	)
Net income			586,264				326,466

 

 

PRIMEGA GROUP HOLDINGS LIMITED

CONSOLIDATED BALANCE SHEET

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 

		As of March 31,				As of Sept 30,
		2024				2024
						(unaudited)
		USD				USD
Assets
Current assets:
Cash and cash equivalents			489,435				855,466
Accounts receivable, net			4,911,202				6,461,772
Accounts receivable, net - related company			392,686				179,818
Prepayment, deposits and other receivable			873,819				2,551,617
Deferred costs			1,102,393				-
Total current assets			7,769,535				10,048,673
Property, plant and equipment			315,895				239,021
Right-of-use assets – Finance lease			4,764,246				3,968,190
Right-of-use assets – Operating lease			85,634				76,433
Retention receivable (Non-current)			432,629				484,183
Total non-current assets			5,598,404				4,767,827
TOTAL ASSETS			13,367,939				14,816,500
Liabilities
Current liabilities:
Borrowings			94,435				95,169
Finance lease liabilities – current			775,042				748,135
Finance lease liabilities – current - related company			437,982				378,262
Operating lease liabilities – current			79,958				65,354
Contract liabilities			836,911				1,221,526
Accounts payable, accruals, and other current
liabilities			2,292,108				969,297
Accounts payable - related company			279,498				356,363
Amount due to a related company			156,248				156,248
Amount due to a director			196,906				327,675
Income tax payable			369,667				424,065
Total current liabilities			5,518,755				4,742,094
Non-current liabilities
Borrowings			949,684				903,135
Finance lease liabilities - non-current			1,492,062				1,091,061
Finance lease liabilities - non-current - related company			679,369				582,912
Operating lease – non-current			27,099				14,115
Deferred tax liabilities			411,174				419,231
Total non-current liabilities			3,559,388				3,010,454
TOTAL LIABILITIES			9,078,143				7,752,548
Shareholders’ equity
Ordinary shares			1,125				1,200
Additional paid in capital			1,282				2,448,897
Retained earnings			4,287,389				4,613,855
Total shareholders’ equity			4,289,796				7,063,952
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			13,367,939				14,816,500

 

 

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