How Hong Kong-based services boosted Water Oasis' year-end results

Beauty services contribution surged to 68.2%.

According to a release on HKEx, the strong performance from the Group’s Hong Kong beauty services segment resulted in a noticeable change in the Group’s overall business mix by year-end.

Contributions from beauty services rose from 51.5% in 2012 to 68.2% at 30th September, 2013. This shift in business mix was largely responsible for a rise in the Group’s gross profit margin, from 80.7% for 2012 to 88.6% for the year under review.

Basic earnings per share for the year amounted to 4.5 HK cents. The Group remains financially healthy with strong liquidity. Its bank balances and cash as at 30th September, 2013 amounted to approximately HK$184.7 million, and the debt-equity ratio was approximately 11.4%. The Board of Directors has recommended a final dividend of 1.5 HK cents per share, bringing the full-year dividend to 4.0 HK cents per share (2012: 8.5 HK cents).

At 30th September, 2013, the Group was operating three high-end spas under the name of the Oasis Spa, the contribution from which rose by approximately 13% over last year. Its specialist Oasis Medical Centre performed even better, posting an increase of approximately 20% over last year’s results; this was achieved from a total of five Oasis Medical Centres across Hong Kong.