OPTIMAX 0222 OPTIMAX HOLDINGS BERHADs' net profit surged more than two-fold to RM4.59mil in Q2
Chief executive officer Sandy Tan said the continued improvement in the company’s financial results came on the back of the resumption of social and economic activities in Malaysia.
KUALA LUMPUR: Optimax Holdings Bhd's net profit surged more than two-fold to RM4.59 million in the second quarter (Q2) ended June 30, 2022, from the RM2.03 million recorded in the same quarter a year ago.
Revenue in Q2 increased 53.4 per cent to RM27.65 million from RM18.03 million.
Chief executive officer Sandy Tan said the continued improvement in the company's financial results came on the back of the resumption of social and economic activities in Malaysia.
"With the relaxation of Covid-19 restrictions since the latter part of 2021, we have seen a steady increase in the number of patients going for various eye surgeries and procedures at our clinics, including those who had earlier postponed their refractive and cataract surgeries due the various movement control orders.
"This growth was further fuelled by our intense marketing effort to reach out to customers with the on-going promotions for our eye-specialist services, which included giving out free vouchers and discounts through online platforms.
"In addition, effective cost-control measures had resulted in lower expenses, which helped lift our quarterly earnings," she said in a statement today.
Optimax's net profit for the six-month period more than doubled to RM7.17 million from RM3.31 million, while revenue increased 56.5 per cent to RM50.91 million from RM32.52 million.
Tan said the strong year-to-date financial performance is well-timed to complement its plan to transfer Optimax listing to the main market of Bursa Malaysia from ACE market.
"We are happy to have received the overwhelming support of our shareholders through the passing of the special resolution on this matter at our Annual General Meeting on June 23, 2022.
"The transfer to the main market, which is expected to materialise in Q4 FY22, will mark another significant milestone in the achievement of Optimax after our listing on the ACE market on August 18, 2020," she said.
Tan said moving forward, the company is optimistic that the prospects for Optimax would remain favourable, especially with the performance of some of its branches now back at pre-Covid-19 levels.
"Nevertheless, we remain vigilant of the prevailing risks associated with the resurgence of Covid-19 infection, inflation and supply chain disruptions, and ready to respond and mitigate any potential downside.
"Longer-term wise, we are confident that the demand for eye-specialist services would continue to be on an uptrend due to the ageing demographic in Malaysia, which will drive demand for non-elective treatments, as well as rising consumer affluence, which will drive discretionary spending on elective procedures to correct vision problems or for cosmetic reasons," she added.
https://www.nst.com.my/business/2022/08/823832/optimax-holdings-net-profit-surged-more-two-fold-rm459mil-q2
Singapore Investment
-
-
How to Spot a Bubble1 hour ago
-
-
-
-
App of the Year 2024: yuu App13 hours ago
-
-
-
-
Property Tax reduced by 16.2% for 202516 hours ago
-
-
-
Santa Claus Rally 202417 hours ago
-
2024 Review, 2025 Preview And Bob19 hours ago
-
-
-
-
-
-
-
The AAA Framework(Alex Hormozi)1 day ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Quick Update, Some Links/News3 days ago
-
-
-
-
-
-
Time Flies – End of Year 20245 days ago
-
-
-
-
-
Money lesson1 week ago
-
-
Finance Investment Movement 521 week ago
-
-
-
-
Random thoughts: Sickness...1 week ago
-
-
-
-
-
-
-
-
-
-
-
19th Year Blog Anniversary2 weeks ago
-
-
A contrarian’s wet dream?3 weeks ago
-
Reflections for year 20243 weeks ago
-
Nov 2024 Portfolio3 weeks ago
-
-
My Palantir Regret3 weeks ago
-
-
-
-
Portfolio Summary for November 20243 weeks ago
-
Portfolio (Nov 30, 2024)3 weeks ago
-
-
-
-
-
-
-
-
-
-
Tesla vs OCBC and UOB5 weeks ago
-
SRS -> Endowus5 weeks ago
-
-
-
-
Union Square Residences2 months ago
-
-
-
-
-
-
-
-
Summary of September 20242 months ago
-
Tax Relief for Topping Up Spouse CPF: Guide2 months ago
-
-
China boom?2 months ago
-
-
-
STI ETF3 months ago
-
-
-
-
-
Unibet Casino Bonus Codes 20243 months ago
-
DBS Home Loan3 months ago
-
-
-
MSC: Mission Critical distributor3 months ago
-
500k Milestone!4 months ago
-
-
-
-
-
-
-
-
Monthly IBKR Update – June 20245 months ago
-
-
-
-
-
-
-
Breakthroughs in portfolio :)7 months ago
-
-
-
-
Feb 2024 Expenditure9 months ago
-
-
APAC Markets: First Trends in 202410 months ago
-
-
-
-
Year 2023 DIYQuant Portfolio Performance Report11 months ago
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
Investing is Easy2 years ago
-
-
-
-
-
-
-
-
What is Overemployment2 years ago
-
Terra Hill Condo (former Flynn Park)2 years ago
-
Alibaba VS Tencent: The Battle Royale2 years ago
-
-
-
-
-
-
-
-
-
-
-
-
Home
OPTIMAX
OPTIMAX 0222 OPTIMAX HOLDINGS BERHADs' net profit surged more than two-fold to RM4.59mil in Q2