trending Market Intelligence /marketintelligence/en/news-insights/trending/gYejWamofHfZek5gB5Gsaw2 content esgSubNav
In This List

Modern Beauty Salon Holdings fiscal H2 profit falls YOY

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Blog

Customer Success: a $200 million market poised for dramatic growth

Blog

Unlocking the Full Potential of Earnings Transcripts


Modern Beauty Salon Holdings fiscal H2 profit falls YOY

Modern Beauty Salon Holdings Ltd said its normalized net income for the fiscal second half ended March 31 came to 2 Hong Kong cents per share, a decline of 33.1% from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$16.0 million, a decrease of 33.1% from HK$24.0 million in the year-earlier period.

Total revenue fell year over year to HK$415.6 million from HK$434.8 million, and total operating expenses decreased year over year to HK$373.0 million from HK$378.0 million.

Reported net income increased 27.0% year over year to HK$23.5 million, or 2 cents per share, from HK$18.5 million, or 2 cents per share.

For the year, the company's normalized net income totaled 6 cents per share, an increase from 5 cents per share in the prior year.

Normalized net income was HK$53.5 million, a gain from HK$51.1 million in the prior year.

Full-year total revenue amounted to HK$874.2 million, compared with HK$868.8 million in the prior year, and total operating expenses totaled HK$753.8 million, compared with HK$751.3 million in the year-earlier period.

The company said reported net income grew 25.1% on an annual basis to HK$69.2 million, or 7 cents per share, in the full year, from HK$55.3 million, or 6 cents per share.