Perfect Shape anticipates huge profit increase

Hong Kong-listed slimming and beauty parlour chain Perfect Shape (PRC) Holdings Ltd., which also operates in Macau, told the Stock Exchange yesterday that the company expected to record a ‘significant increase’ in consolidated net profit for the year ended March 31. The company says the expected profit increase is mainly due to increased average spend per customer and expansion of the service centres network that has broadened the company’s customer base. In the financial year ended March, Perfect Shape has mainly expanded its service centres in its home market of Hong Kong. On April 8, outside the financial year, Perfect Shape opened one more medical beauty service centre in Macau – a move that the company said was to capture the ‘huge market demand’ in the territory. The beauty parlour chain registered its interim revenue at HK$324.6 million (US$41.8 million) for the financial year 2014/15, in which the revenue derived from Hong Kong and Macau markets surged 82 per cent to HK$166.2 million. The increased customers’ spending on ‘high technology’ beauty service has boosted the interim revenue, while the company’s interim net profit has also risen by nearly 69 per cent to HK$71.2 million, Perfect Shape said in its interim report.