Eu Yan Sang International, the global integrated healthcare company with a strong foundation in Traditional Chinese Medicine (TCM),
reported a 55% increase in its net profit to $8.5 million for its third quarter ended 31 March 2013 (3QFY2013) from a year ago.
The group’s 3QFY2013 revenue grew 13% to $101.2 million. Revenue for the retail segment increased by 13% to $83.5 million largely due to the improved sales in Malaysia and Hong Kong brought about by the Chinese New Year festive sales. Wholesale revenue increased 11% to $12.4 million with the inclusion of Healthy Life Group’s wholesale business in Australia. Clinic revenue was maintained at a similar level to last year’s third quarter.
In line with revenue growth, 3QFY2013 gross profit grew 12% to S$48.9 million, as gross margin remained stable at 48%.
Eu Yan Sang added that Healthy Life Group recorded its fourth consecutive quarter-on-quarter sales growth since it was acquired by the group, with 3QFY2013 sales at A$7.2 million ($9 million). The q-o-q sales growth came because the group increased the company-operated stores and reduced the franchised stores.
The Edge
