Financial Performance - The group's revenue for the six months ended March 31, 2019, increased by 4.0% to approximately HKD 381.3 million, compared to HKD 366.5 million for the same period last year[5]. - Profit for the period was HKD 55 million, down from HKD 60.4 million in the previous year, impacted by increased capital expenditure and depreciation costs[5]. - Profit before tax for the same period was HKD 67,020,000, down 8.4% from HKD 73,434,000 in 2018[30]. - Net profit for the period was HKD 55,033,000, a decrease of 8.8% compared to HKD 60,360,000 in the previous year[30]. - Total comprehensive income for the period was HKD 55,717,000, down from HKD 61,805,000 in 2018[33]. - Basic and diluted earnings per share increased to HKD 8.1 cents from HKD 7.9 cents[30]. - The company reported a net profit of HKD 55,094,000 for the period, down from HKD 60,529,000 in 2018, reflecting a decline of about 9.4%[89]. Revenue Breakdown - Revenue for the six months ended March 31, 2019, was HKD 381,283,000, an increase of 4.99% from HKD 366,462,000 in 2018[30]. - Retail segment revenue was HKD 74,699,000, down from HKD 81,871,000 in 2018, a decrease of about 8.0%[78]. - Service segment revenue increased to HKD 306,584,000 from HKD 284,591,000, reflecting a growth of approximately 7.7%[78]. Cost and Expenses - Employee costs rose by 7.8%, accounting for 43.2% of revenue, primarily due to hiring for new stores and improving service quality[8]. - Advertising expenses decreased by 21.7%, representing only 1.9% of revenue, indicating effective market penetration[8]. - Total tax expense for the period was HKD 11,987,000, compared to HKD 13,074,000 in 2018, a decrease of approximately 8.3%[84]. - The company paid dividends amounting to HKD 37,430,000 during the period, compared to HKD 30,618,000 in the previous year, marking a 22.3% increase in dividend payouts[41]. Assets and Liabilities - Non-current assets amounted to HKD 404,088,000 as of March 31, 2019, compared to HKD 402,536,000 as of September 30, 2018[35]. - Current assets increased to HKD 581,094,000 from HKD 535,920,000 in the previous period[35]. - Total liabilities increased to HKD 679,697,000 from HKD 624,215,000[35]. - Total equity attributable to owners of the company was HKD 281,823,000, slightly up from HKD 281,707,000[35]. Cash Flow - The net cash generated from operating activities for the six months ended March 31, 2019, was HKD 92,853,000, compared to HKD 90,727,000 for the same period in 2018, reflecting a growth of 2.3%[41]. - The net cash used in investing activities was HKD (13,147,000) for the six months ended March 31, 2019, compared to HKD (12,083,000) in 2018, indicating an increase in investment outflows[41]. - The net cash used in financing activities totaled HKD (38,368,000) for the six months ended March 31, 2019, up from HKD (30,604,000) in the previous year, representing a 25.5% increase[41]. - The cash and cash equivalents at the end of the period amounted to HKD 419,056,000, down from HKD 452,676,000 at the end of the previous year, reflecting a decrease of 7.4%[41]. Operational Highlights - The beauty services segment continued to grow, with service and retail sales composition at 80.4% and 19.6%, respectively, compared to 77.7% and 22.3% last year[8]. - The group launched new technologies and treatments, including the i-Skinix treatment series and advanced V-liner equipment, enhancing service offerings[13]. - The self-owned brand Glycel recorded double-digit growth, driven by retail sales and Skinspa services, with store expansion contributing to this performance[14]. - The group operates 9 Glycel Skinspas, 15 beauty centers, and 6 medical beauty centers, maintaining the number of stores since March 2018[13]. Strategic Initiatives - The group plans to launch new Glycel products and promotional activities in the coming year, capitalizing on the strong performance of the brand[15]. - The group plans to open new Erno Laszlo and Glycel stores in the newly renovated shopping mall in Shatin before Christmas 2019[17]. - The online brand O~KO!beauty continued to grow moderately, with plans to enhance this e-commerce channel for long-term potential[17]. - The acquisition of a 70% stake in Water Juicery for HKD 1,050,000 is expected to create synergies with the group’s existing customer base[19]. Compliance and Governance - The Audit Committee is responsible for reviewing the group's financial data and monitoring the financial reporting system, risk management, and internal control systems[125]. - The company has established a Remuneration Committee to recommend remuneration policies for executive directors and senior management, ensuring transparency in the process[126]. - The Nomination Committee is responsible for reviewing the board's structure and diversity at least annually[129]. - The company has no other directors or senior management with interests in shares or bonds as of March 31, 2019, apart from those disclosed[134].
奥思集团(01161) - 2019 - 中期财报