Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 11 August 2017, 10:08 HKT/SGT
Share:
Miricor Announces FY2017/2018 First Quarterly Results
Profit Soared 38% to HK$6.9 Million;
Strategically Expands and Broadens Customer Base to Fuel Sustainable Growth

HONG KONG, Aug 11, 2017 - (ACN Newswire) - Miricor Enterprises Holdings Limited ("Miricor" or the "Group", stock code: 8358), a medical aesthetic service provider in Hong Kong, has today announced its unaudited first quarter financial results for FY2017/2018.

Despite the tough operating environment, the Group has successfully advanced its competitive strengths and leveraged its solid customer base in the new financial year. For the three months ended 30 June 2017 (the "Period Under Review"), profit surged to HK$6.9 million, increasing by 38%, when compared with the corresponding period of 2016. Revenue for the Period Under Review amounted to approximately HK$30.1 million, strongly increasing by 25.4%, when compared with the corresponding period of 2016. The increase was primarily attributable to the introduction of two new facial and body treatments and the active promotional campaigns mounted on various social media platforms, which evidently improved consumer awareness of the "CosMax" brand, enabling the Group to secure notably more new customers.

During the Period Under Review, treatment services brought in a revenue of HK$26.8 million, increasing by approximately 23.5% compared with the corresponding period of 2016. The sector remained as the top contributor, representing 89.0% of the Group's total revenue.

The demand for medical aesthetic services has increased in recent years, since the market is expanding and there are growing consumer acceptance and affordability of such services. Consumers are expected to further seek quality and prestigious medical aesthetic services. To capture the opportunity created by rising customer demand and facilitate continuous growth of its business, the Group strives to provide quality service and with a capability above the industry standard. It has expanded the operation scale of its Causeway Bay centre by leasing an additional floor of space in the same building. The Group is determined to further penetrate the market through leveraging its current high customer loyalty and reaching out to new clients. This strategic initiative is intended to drive the sustainable growth of the Group in the long term.

Looking to the future, the Group is also continuing with the plan to set up the new center in Tsim Sha Tsui and will continue to broaden its treatment services and product offerings. It will continuously upgrade existing services, including sourcing advanced and prominent treatment devices, as well as introducing new skin care products and brands. Besides, the Group is committed to ensuring employee professionalism and excellence and is dedicated to attracting and retaining experienced employees by providing them with training and professional development opportunities and assistance. Based on its commitment and sound reputation, the Group is positive about the prospects for its future development in the long term.

About Miricor Enterprises Holdings Limited (Stock Code: 8358)
Miricor Enterprises Holdings Limited is a medical aesthetic service provider in Hong Kong. It operates two medical aesthetics centres in the prime locations of Causeway Bay and Central under its brand "CosMax." Miricor offers a broad range of non-surgical medical aesthetic services and skin care products to clients with an aim to improve clients' skin condition as well as to enhance their physical appearance. It provides solutions that are tailored for clients' individual needs and treatments are performed by its doctors and/or trained therapists. Miricor has been added as a constituent stock of Morgan Stanley Capital International ("MSCI") Hong Kong Micro Cap Index in June 2017. For more information about Miricor, please visit: www.miricor.com.

Media enquiries:
Strategic Financial Relations Limited
Vicky Lee (852) 2864 4834 vicky.lee@sprg.com.hk
Rachel Wong (852) 2864 4873 rachel.wong@sprg.com.hk
Beverly Chiu (852) 2114 4329 beverly.chiu@sprg.com.hk
Fax: (852) 2527 1196
Website: www.sprg.com.hk



Aug 11, 2017 10:08 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
CITIC Telecom CPC Subsidiary Launches Specialized Cloud Data Center in Beijing  
Aug 17, 2017 12:28 HKT/SGT
Group Lease PCL (SET:GL) Q2 Profits Hit New High  
Aug 17, 2017 11:30 HKT/SGT
Kingston Financial Group Included in Hang Seng Composite LargeCap & MidCap Index  
Aug 17, 2017 10:12 HKT/SGT
China SCE Achieves Growth in Revenue and Profit   
Aug 17, 2017 07:00 HKT/SGT
Four HKTDC Lifestyle Fairs Open Tomorrow  
Aug 16, 2017 20:00 HKT/SGT
TTI Delivers Record 2017 First Half Results  
Aug 16, 2017 19:36 HKT/SGT
DASTA to Promote the Sukhothai, Si Satchanalai and Kamphaeng Phet region as a Hub for Asian Cultural Tourism  
Aug 16, 2017 17:00 HKT/SGT
The 'Dawn of Happiness' at World Heritage Site 574 - Sukhothai, Si Satchanalai and Kamphaeng Phet  
Aug 16, 2017 16:45 HKT/SGT
Mr. Kan Kin Kwong, Chairman and CEO of Perfect Group, becomes the President of the Hong Kong Gold & Silver Ornament Workers and Merchants General Union   
Aug 16, 2017 10:43 HKT/SGT
Champion REIT Announces 2017 Interim Results   
Aug 15, 2017 19:29 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: