BRIEF: Beauty Farm forecasts 35% first-half profit rise
Beauty and health services company Beauty Farm Medical and Health Industry Inc. (2373.HK) announced on Monday that it expects to report revenue of 1.45 billion yuan ($202 million) or more for the first half of the year, up 27% or more year-on-year. It expects to report a net profit of about 170 million yuan, up 35%.
The company credited the profit growth to continued efficiencies from its high-margin “Dual Beauty + Dual Wellness” business model, which improved its revenue structure and gross margin. Meanwhile, the company’s “organic growth + external expansion” dual-engine strategy has expanded its business scale and increased its market share.
Beauty Farm’s stock opened 1.3% higher on Monday and closed at HK$29.55 by the midday break, down 0.84%. The stock is up 65% this year.
By Lee Shih Ta
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