Eu Yan Sang - SGX
Traditional Chinese medicine retailer Eu Yan Sang said its net profit rose 30 per cent to S$25 million in the year ended June 30.
The company said revenue rose nine per cent S$266 million, marking the 11th consecutive year of record sales.
Eu Yan Sang attributed the gain to growth in its retail businesses and clinics.
The opening of new stores helped, with 26 retail outlets and four new clinics added in its core markets of Hong Kong, Malaysia and Singapore.
The group added that all its three markets registered growth.
Its largest market, Hong Kong, saw a 14 per cent increase in revenue, while Singapore climbed 13 per cent.
Malaysia's revenue rose 10 per cent.
Eu Yan Sang said it aims to expand further in China and Southeast Asia.
This includes plans to open up to 10 retail stores in China.
Eu Yan Sang group chief executive officer Richard Eu said economies in Asia head weathered the recent months of volatility, and consumer demand is likely to remain buoyant.
"As long as economies here don't get too affected, we'll still continue to see growth," he said.
"In the last global financial crisis in 2008-2009, that's what happened. Although there was bad news everywhere, Asia was able to see relatively less shock and that helped us."
CNA
The company said revenue rose nine per cent S$266 million, marking the 11th consecutive year of record sales.
Eu Yan Sang attributed the gain to growth in its retail businesses and clinics.
The opening of new stores helped, with 26 retail outlets and four new clinics added in its core markets of Hong Kong, Malaysia and Singapore.
The group added that all its three markets registered growth.
Its largest market, Hong Kong, saw a 14 per cent increase in revenue, while Singapore climbed 13 per cent.
Malaysia's revenue rose 10 per cent.
Eu Yan Sang said it aims to expand further in China and Southeast Asia.
This includes plans to open up to 10 retail stores in China.
Eu Yan Sang group chief executive officer Richard Eu said economies in Asia head weathered the recent months of volatility, and consumer demand is likely to remain buoyant.
"As long as economies here don't get too affected, we'll still continue to see growth," he said.
"In the last global financial crisis in 2008-2009, that's what happened. Although there was bad news everywhere, Asia was able to see relatively less shock and that helped us."
CNA
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