Perfect Medical Announces Interim Results for FY2022/23

HONG KONG, Nov 23, 2022 - (ACN Newswire via SEAPRWire.com) - Perfect Medical Health Management Limited (the "Company" , Stock Code: 1830.HK), one of the largest aesthetic medical operators in the world, together with its subsidiaries (collectively referred to as the "Group"), is pleased to announce its interim results for the six months ended 30 September 2022.RESULTS HIGHLIGHTS-- The Group's revenue decreased by 16.6% to HK$668.3 million, impacted by Covid-19 pandemic causing suspension of 20 days in Hong Kong, 39 days in Macau, as well a business disruption for an average of 14 days, 23 days, 63 days and 19 days across Guangzhou, Shenzhen, Shanghai and Beijing respectively.-- The second quarter marked a 52.1% growth in revenue quarter-on-quarter in Hong Kong following the ease of Covid-19 pandemic.-- The Group's EBITDA decreased by 25.5% to HK$229.7 million.-- The Group's net profit decreased by 30.4% to HK$150.7 million, representing the net profit margin of 22.5%. Basic earnings per share was HK12.1 cents.-- The Board recommends the payment of an interim dividend of HK13.0 cents per share, representing a dividend payout ratio of 107.4%.-- The Group operated a total of 307,000 square feet in Hong Kong, China, Australia and Singapore, with an addition of three shops in Hong Kong, Guangzhou and Beijing during the period.For the period under review, the Group's performance has been impacted by the slower consumption trend in Hong Kong and the return of the pandemic in China. The Group's revenue decreased by 16.6% to HK$668.3 million (FY2022 interim: HK$801.6 million). At EBITDA level, the Group decreased by 25.5% to HK$229.7 million (FY2022 interim: HK$308.2 million). During the period, the Group has taken a prudent approach in our business expansion, enhancing operating efficiency, business mobility and adaptability in the forefront to better protect the assets and profitability of the Company. Profit attributable to equity holders of the Company was HK$150.7 million, dropped 30.4% year-on-year (FY2022 interim: HK$216.4 million), representing a net profit margin of 22.5% for the period (FY2022 interim: 27.0%). Basic earnings per share was HK12.1 cents (FY2022 interim: HK17.7 cents).As of September 2022, the Group operated a total of 307,000 square feet in Hong Kong, China and overseas. Hong Kong OperationRevenue from Hong Kong operation decreased by 21.5% to HK$492.4 million (FY2022 interim: HK$627.5 million), owing partly to the suspension of business on 1 April 2022 to 20 April 2022 as well as the slower recovery in the first quarter when we resumed our business operation. Following the ease of pandemic, second quarter in Hong Kong marked a 52.1% growth in revenue quarter-on-quarter. As of 30 September 2022, the Group has a well established network of service centres in Hong Kong covering a total of 189,000 square feet. During the period, the Group has opened an additional service centre in Yuen Long to capture additional demand in the surrounding areas. With the gradual resumption of business in last few months, we witnessed a progressive improvement in customer spending and shop utilisation in the aesthetic medical business. Continual effort were made through the combination of online and offline marketing to reach out to existing and new customers.As for the medical business, our current scope comprises a range of complementary services including hair growth treatment, pain treatment, health screening service and others, which allows the Company to enjoy additional revenue stream from the existing customers through cross-selling and further reinforces the Group's image as a one-stop shop for your beauty and medical in Hong Kong.Regions outside Hong KongRevenue from regions outside Hong Kong increased by 1.0% to HK$175.9 million (FY2022 interim: HK$174.1 million), impacted substantially by the suspension of business in China and Macau but compensated by the encouraging performance in both Singapore and Australia. As of 30 September 2022, the Group has an extensive network in China, Macau, Sydney, Melbourne and Singapore, covering a gross service area of approximately 118,000 square feet.For the period under review, our business in China continued to record decent profit amid the difficult circumstance. Currently, the Group focuses on the first tier cities including Beijing, Shanghai, Guangzhou and Shenzhen to maintain superior branding in the industry. During the period, the Group has opened two shops in strategic locations in Guangzhou and Beijing to strengthen our presence. ProspectsDr. Au-Yeung Kong, the executive director, chairman and chief executive officer of Perfect Medical, said that "as a home-grown enterprise which has been established for more than 19 years, the Group is confident on the long term prospect of our aesthetic medical and medical service business model. In future, the Group will expand both organically and inorganically to offer additional and complementary services to our customers.While the pandemic fluctuation is going to be short-term, the Company will be cautiously expanding our geographical coverage and replicating our success in mainland China and overseas in the coming years, taking advantage on our efficient business model.Looking ahead, the Company will increase the proportion of medical services and proceed with its international business expansion, with a view to becoming a truly multinational medical group."For further information of the Group's FY2022/23 interim results, please refer to the Company's Interim Results Announcement on the Hong Kong Stock Exchange website at: https://www1.hkexnews.hk/listedco/listconews/sehk/2022/1123/2022112300240_c.pdfAbout Perfect Medical Health Management LimitedPerfect Medical Health Management Limited is a multinational aesthetic medical corporate and one of the largest aesthetic medical operators in the world established in 2003. The Group focuses primarily on non-invasive aesthetic medical services and medical services in Hong Kong, China, Macau, Australia and Singapore with a total service area spanning approximately 307,000 square feet. Our operation offers a broad spectrum of professional services with assurance of utmost safety and efficacy. The Company was included as a constituent stock of the MSCI Hong Kong Small Cap Index on 27 May 2021, demonstrating the confidence from the capital market and recognising the investment value of the Company. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Samaiden Group Posts 182% Jump in Full-Year Revenue ACN Newswire

Samaiden Group Posts 182% Jump in Full-Year Revenue

PETALING JAYA, Malaysia, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants today announced that for the fourth quarter ended 30 June 2022 (4Q FY2022), revenue increased 113.35% to RM53.68 million compared with RM25.16 million recorded in 4Q FY2021.Group Managing Director of Samaiden, Ir. Chow Pui HeeSamaiden registered profit before tax (PBT) of RM4.78 million for 4Q FY2022, which is an increase of 104.27% compared with RM2.34 million in 4Q FY2021 while profit after tax (PAT) recorded an increase of 95.43% to RM3.42 million compared with RM1.75 million in the corresponding quarter of the previous financial year.For the full year ended 30 June 2022 (FY2022), Samaiden registered revenue of RM150.72 million, which is an increase of 182.0% compared with RM53.44 million recorded in FY2021. Samaiden recorded a 103.73% gain in PBT to RM16.40 million in FY2022 compared with RM8.05 million while PAT increased 101.52% to RM11.93 million in FY2022 compared with RM5.92 million in the corresponding period of the previous financial year.EPCC services contributed more than 95% of Samaiden's total revenue for the year. Its other businesses are environmental consultancy and operation and maintenance.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "Our performance for FY2022 can be largely attributed to the increase in the number of EPCC projects and the contract value of these projects. We will continue to seek opportunities to secure more EPCC projects given government initiatives in encouraging sustainable energy sources as well as private sector adoption of RE as part of their Environmental, Social and Governance (ESG) initiatives." "These opportunities cover solar PV systems and also solar and non-solar power plants where we can leverage on our core competency and experience in providing end-to-end services. Beyond the domestic market, we are also seeking opportunities in Southeast Asia where ESG initiatives are also picking up. We announced in August 2022 to incorporate a joint venture company pursuant to the partnership with Aneka Jaringan Holdings Berhad to penetrate the RE market in Indonesia. This latest announcement is in addition to the setting up of a company in Vietnam in 2021 for potential solar projects.""We are cautiously optimistic for FY2023 as we also look to expand our presence through collaborating with our major shareholder, Chudenko Corporation, for projects in Malaysia and the region that will be beneficial for both parties. We are also encouraged by the recent government announcement approving the allocation of 1,200 MW of solar power as well as a new option for businesses to procure RE through the virtual power purchase agreement, which will start in the fourth quarter of 2022 through a quota of 600MW."Samaiden has an outstanding orderbook of RM358.0 million as of 30 June 2022 that will contribute positively to our financial performance over the next three years. About Samaiden Group BerhadSamaiden Group Berhad, through its subsidiary is a renewable energy (RE) specialist incorporated in 2013, principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants. Samaiden Group's other activities include the provision of RE and environmental consulting services, as well as operation and maintenance (O&M) services. For more information, visit samaiden.com.my. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Binasat Posts 55.0% Increase in FY2022 Revenue to RM83.51 Million ACN Newswire

Binasat Posts 55.0% Increase in FY2022 Revenue to RM83.51 Million

KUALA LUMPUR, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Binasat Communications Berhad, an all-round solution provider of network engineering and services, today reported revenue of RM83.51 million for the full-year ended 30 June 2022 (FY2022), a 55.08% increase compared with RM53.85 million for the corresponding period of the last financial year (FY2021) mainly attributable to higher revenue from civil mechanical and engineering works, recurring teleport services and revenue from transmission and distribution network facility services and engineering, procurement, construction and commissioning (EPCC) of solar farm facilities.Binasat Communications' office in Technology Park Malaysia, Bukit Jalil, Kuala LumpurFor the period under review, Binasat recorded a 50.74% gain in GP to RM18.22 million compared with the preceding year corresponding period on higher revenue from transmission and distribution network facility services and EPCC of solar farm facilities.Binasat registered 63.53% increase in PBT for FY2022 compared with RM12.09 million in FY2021 mainly due to increase in GP and additional rental income of RM0.39 million The Group's PAT gained 123.27% to RM5.41 million compared with RM2.42 million.The Group recorded RM14.96 million for the fourth quarter ended 30 June 2022 (4Q FY2022), a 15.20% decrease compared with RM17.64 million recorded in the corresponding quarter of the previous year (4Q FY2021) mainly attributable to lower revenue from civil infrastructure and fiber optic cabling works.Binasat registered a 52.54% gain in gross profit (GP) to RM4.51 million in 4Q FY2022 compared with RM2.95 million in 4Q FY2021 on a reduction in the number of mobile network maintenance services sites although fixed costs continued to be incurred resulting in lower gross margin. Binasat's profit before tax (PBT) increased 145.72% to RM2.44 million compared with RM0.99 million in the same quarter of the previous year while profit after tax (PAT) gained 254.31% to RM1.55 million compared with RM0.40 million.Executive Director cum Chief Executive Officer, Zulamran Bin Hamat, said, "We believe that with the reopening and gradual recovery of the economy, more telecommunications and satellite services will be needed by businesses and organisations. We are now focused on expanding satellite operations by targeting the maritime and oil and gas industries as these industries increasingly adopt the VSAT system.""The Group intends to leverage on its Approved Supplier & Partner status with Ericsson (Malaysia) Sdn Bhd and Huawei Malaysia to win projects as Digital Nasional Berhad has announced a partnership with Ericsson for the national digital infrastructure initiative while Huawei is assisting major mobile network operators to upgrade their 4G network capacity.""We are optimistic for the economic outlook as the Group is also participating in Phase 1 of the Point of Presence (PoP) fiber infrastructure project and we have tendered for Phase 2 of the PoP project. Both phases have a combined value of RM8.0 billion and have to be completed in three years. At the same time, we are also participating in the construction of 5G towers in Kuala Lumpur."Binasat Communications Berhad: 195 [BURSA: BINACOM], https://www.binacom.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hypebeast Ltd. (0150.HK) ended the financial year with another all-time high in revenue and profitability ACN Newswire

Hypebeast Ltd. (0150.HK) ended the financial year with another all-time high in revenue and profitability

HONG KONG, Jun 29, 2022 - (ACN Newswire via SEAPRWire.com) - Hypebeast Limited (Stock Code: 0150.HK) is the global leading platform for contemporary culture and lifestyle, and a premier destination for editorially-driven commerce and news. The Board of Directors of Hypebeast Limited has announced the Group's annual results for the year ended 31 March 2022 ("FY2022"). -- Revenue amounted to HK$895.6 million in FY2022, up from HK$674.2 million in FY2021, representing an increase of HK$221.4 million or 32.8%.-- Gross profit margin rose by 11.7 percentage points from 49.6% in FY2021 to 61.3% in FY2022. -- The Group delivered net profit of HK$100.2 million for FY2022, a 41.9% increase compared to FY2021. The increase translated to an improvement of net profit margin by 0.7 percentage points, resulting in an increase from 10.5% in FY2021 to 11.2% in FY2022.-- Total value in signed contracts for the Media Segment increased by 31.7% during FY2022 as compared to the prior year.-- 12-month average website monthly unique visitors (number of user who requests web pages across Hypebeast, Hypebae and Popbee platforms in a month) amounted to 16.4 million, representing a 5.1% increase over FY2021, and aggregated social media following (total number of followers on all third-party social media platforms, including but not limited to Facebook, Instagram, Twitter) increased from 26.1 million as at 31 March 2021 to 32.4 million as at 31 March 2022.The Group recorded strong revenue growth in FY2022 and reported another all-time high in revenue and profitability. Revenue amounted to HK$895.6 million in FY2022, up from HK$674.2 million in FY2021, representing an increase of HK$221.4 million or 32.8%. Gross profit margin rose by 11.7 percentage points from 49.6% in FY2021 to 61.3% in FY2022. The Group delivered net profit of HK$100.2 million for FY2022, a 41.9% increase compared to FY2021. The increase translated to an improvement of net profit margin by 0.7 percentage points, resulting in an increase from 10.5% in FY2021 to 11.2% in FY2022.Demand for the Group's media and agency services remained strong, with total value in signed contracts for the Media Segment having increased by 31.7% during FY2022 as compared to the prior year. As COVID-19 pandemic's intensity wanes and pandemic-related restrictions continue to ease, the Group's events production and offline partnerships under the Media Segment have surpassed pre-COVID-19 and FY2019 levels. The Group noted increasing demand for offline campaigns and activations as global marketing spend continues to expand. 12-month average website monthly unique visitors (number of user who requests web pages across Hypebeast, Hypebae and Popbee platforms in a month) amounted to 16.4 million, representing a 5.1% increase over FY2021, and aggregated social media following (total number of followers on all third-party social media platforms, including but not limited to Facebook, Instagram, Twitter) increased from 26.1 million as at 31 March 2021 to 32.4 million as at 31 March 2022. The Group aims to attract and reach a wider user-customer base through its development of new editorial properties, such as Hypegolf that focuses on golf and lifestyle, Hypeart on art and artists, and Hypemoon on Web 3.0 projects and technologies. The Group continues to explore similar opportunities by establishing various online and offline channels and touchpoints in order to drive the Group's brand awareness and increase engagement with new and existing users and customers. The HBX physical retail shop located in Central, Hong Kong remains a strong marketing window and attraction point for customers to participate in the Hypebeast ecosystem offline. In addition, the Group's U.S. flagship store opened in June 2022 (subsequent to the reporting financial year), spanning seven floors, housing the U.S. East Coast office, the HBX New York flagship store, a Hypebeans cafee, as well as event spaces. The New York flagship store will support execution and accelerate growth of our strong North American customer base and serve as a focused point of marketing for the E-Commerce and Retail Segment. Kevin Ma, Executive Director, Chairman, and CEO of Hypebeast, said: "We have recorded yet another all-time high in revenue and profitability, showing the strategic choices made both before and during the unprecedented COVID-19 context have paid off. The FY2022 result is the best demonstration of how the Group is geographically and strategically well-positioned to continue to capture further growth opportunities. Despite today's uncertainties, we are ambitious and will continue to focus on building and strengthening all facets of Hypebeast through market expansion, category diversification, and offering an omnichannel experience through our e-commerce platform and physical stores, in particular the newly opened HBX New York flagship store."A breakdown of this year's financial highlight is as follows:FY2022 HK$'000 FY2021 HK$'000Revenue 895,632 674,212Gross Profit 549,313 334,127Gross Profit Margin 61.3% 49.6%Selling and marketing expenses (160,391) (112,791)Administration and operating expenses (202,650) (125,005)Professional fees related to the Merger (30,185) -EBITDA (Note) 174,252 122,596Net profit 100,167 70,584Net profit margin 11.2% 10.5%Earnings per share- Basic (HK cent) 4.88 3.47- Diluted (HK cent) 4.87 3.45Note: Earnings before interest, tax, depreciation and amortization ("EBITDA") is calculated as profit before tax + interest expense + depreciation + amortization expense.For further details on the Annual Results performance, visit the Group's corporate website to view the full results announcement.https://hypebeast.ltd/investorsFor investor inquiries, please contact:investors@hypebeast.com For more information, please contact:media@hypebeast.com Strategic Financial Relations LimitedVicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hkIvy Chan Tel: (852) 2864 4890 Email: ivy.chan@sprg.com.hkWebsite: https://www.sprg.asia/ About Hypebeast Ltd. (Stock Code: 0150.HK)Hypebeast is a leading global platform for contemporary culture and lifestyle, and a premier destination for editorially-driven commerce and content. Founded in 2005, it became a publicly listed media company in 2016 and today boasts a global readership across North America, Asia Pacific, Europe and more. The Group has expanded its publishing brands to a wider scope in recent years, encompassing Hypebeast and its multiple content distribution platforms, e-commerce and physical store HBX, and agency Hypemaker. For more information, please visit www.hypebeast.ltd. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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