Perfect Medical Health Management Limited announced its interim results for the six months ended September 30, 2024. During this period, revenue decreased by 13.6% year-on-year to HKD 620.3 million, primarily due to reduced demand in hong kong and mainland china, coupled with increased outbound travel affecting local retail consumer spending. The medical beauty business remains the main source of revenue, contributing 73.3% of total sales. The average consumer spending per medical beauty service customer dropped by 36.6% year-on-year to HKD 17,243, reflecting a shift towards more cost-effective options. The group implemented strict cost control measures to manage profit margins. Employee benefit expenses decreased by 8.6% year-on-year to HKD 217.6 million, marketing expenses reduced by 9.6% to HKD 77.2 million, and rental-related expenses decreased...Show More

Perfect Medical Health Management Limited announced its interim results for the six months ended September 30, 2024. During this period, revenue decreased by 13.6% year-on-year to HKD 620.3 million, primarily due to reduced demand in hong kong and mainland china, coupled with increased outbound travel affecting local retail consumer spending. The medical beauty business remains the main source of revenue, contributing 73.3% of total sales. The average consumer spending per medical beauty service customer dropped by 36.6% year-on-year to HKD 17,243, reflecting a shift towards more cost-effective options. The group implemented strict cost control measures to manage profit margins. Employee benefit expenses decreased by 8.6% year-on-year to HKD 217.6 million, marketing expenses reduced by 9.6% to HKD 77.2 million, and rental-related expenses decreased by 8.4% to HKD 76.2 million. EBITDA declined by 19.9% year-on-year to HKD 193.9 million, with an EBITDA margin of 31.3%. The profit attributable to equity holders of the company was HKD 140.8 million, a 15.4% year-on-year decline, with a net profit margin of 22.7%. The board of directors proposed an interim dividend of HKD 0.112 per share and a special dividend of HKD 0.01 per share. Looking ahead, the group will continue to optimize its service portfolio, expand market share, and focus on improving operational efficiency while maintaining cautious cost management to ensure stable profit margins. The group also plans to establish VIP lounges in major centers to attract affluent clients and will integrate ai-driven customer service tools into its operations to enhance the customer experience.