DJ EQS-News: Union Medical Healthcare announces record resilient interim sales volume of no less than HK$900 million for FY2020/21
EQS-News / 15/10/2020 / 10:01 UTC+8
[FOR IMMEDIATE RELEASE]
Union Medical Healthcare announces record resilient interim sales volume of
no less than HK$900 million for FY2020/21
(15 October 2020, Hong Kong) Union Medical Healthcare Limited ("Union
Medical Healthcare" or the "Company", which together with its subsidiaries
is referred to as the "Group", SEHK stock code: 2138), the largest
nonhospital medical group in Hong Kong*, is pleased to announce that based
on the latest assessment by the Board with reference to the preliminary
unaudited sales information of the Group for the six months ended 30
September 2020 currently available, the Group expects to record sales volume
of no less than HK$900 million for the period, representing a year-on-year
decrease of no more than 16%. In particular, the Group recorded a sales
volume of no less than HK$460 million for the three months ended 30 June
2020 and no less than HK$440 million for the three months ended 30 September
2020. The Group also recorded a year-on-year increase of no less than 30% in
sales volume in the clinics and service centers located in Mainland China
and a year-on-year increase of no less than 25% in sales volume of medical
service offered for the six months ended 30 September 2020.
The Group also announces that its unaudited sales volume during the National
Day Golden Week Holiday
from 1 to 10 October 2020 recorded a year-on-year increase of no less than
15%, mainly due to the increase in medical service offering despite the
overall passenger traffic from Mainland China visiting Hong Kong during the
Golden Week declined by nearly 100% for the same period last year.
Although the adverse economic conditions from the outbreak of COVID-19 with
restrictions on cross-border passenger travelling and social distancing in
Hong Kong, the Group was able to redirect its proactive client engagement
and promotional campaigns to boost sales in Mainland China and local
spending, and complete acquisitions of certain medical establishment. The
Group's number of customer visits in clinics and service centers located in
Hong Kong and Mainland China increased by over 5% and 25% respectively
during the six months ended 30 September 2020. While the overall financial
position of the Group remains healthy, the Group expects to record a decline
in net profit for the six months ended 30 September 2020.
- End -
About Union Medical Healthcare Limited
Union Medical Healthcare is Hong Kong's largest non-hospital medical service
provider*, leveraging its core businesses of preventive and precision
medicine, and committed to developing medical artificial intelligence by
integrating its multi-disciplinary medical services. The move, which is
supported by the Group's high-end branding and quality customer services, is
aimed at offering customers safe and effective medical services with
professionalism.
The Group principally engages in the provision of one-stop medical and
health care services in Greater Chin a. The Group provides a full range of
services and products under its well-known brands, including those of its
one-stop aesthetic medical solutions provider DR REBORN which has ranked
first in Hong Kong by sales for years, primary care clinics jointly
established with Tencent Doctorwork, chiropractic services centre SPINE
Central, health management centre re:HEALTH, a vaccine centre Hong Kong
Professional Vaccine HKPV, a comprehensive dental centre UMH DENTAL CARE, a
diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, a
day procedure centre HKMED, a specialty clinic SPECIALISTS CENTRAL, Hong
Kong International Cardiology Center and a professional hair care center
HAIR FOREST.
*According to the independent research conducted by Frost and Sullivan in
terms of revenue in 2018 and 2019
File: Union Medical Healthcare announces record resilient interim sales
volume of no less than HK$900 million for FY2020/21 [1]
15/10/2020 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
October 14, 2020 22:02 ET (02:02 GMT)
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