A.M Aesthetics: One of The Largest SGX-Listed Aesthetic Company Generated Revenue of S$6.6 million in HY2023, a 24.5% Increase Compared to HY2022
Written by A.M Aesthetics (Subsidiaries of Accrelist Ltd.)
SINGAPORE -
Media OutReach[1] - 23 February 2023 - A.M Aesthetics is a one-stop aesthetic clinic and one of the largest SGX listed aesthetic clinic (subsidiaries of Accrelist Ltd) that provides a broad range of facial treatments and aesthetic medicine for Asian skin conditions. In the six months financial period ended 30 September 2022 ("HY2023"), the revenue increased by 24.5%, or S$1.3 million, from $5.3 million when compared to corresponding period ("HY2022"). The increase was largely due to the expansion of the current medical aesthetic outlets to larger units with enhanced marketing and previously launched two aesthetic clinic outlets in Singapore. Gross profit margins have also improved by 26.4%, from 50.8% to 77.2% in HY2022 and HY2023, respectively.
A.M Aesthetics latest outlet at Clarke Quay Central
Since its inception, A.M. Aesthetics has been on a quest to empower individuals to take charge of how they feel and look, and is dedicated to delivering beauty treatments that promote confidence. A.M. Aesthetics treats a wide range of skin issues under one roof, from acne to dull skin, pigmentation to skin sagging. Whatever your aesthetic goals are, they provide specialised and personalised treatments for you.
Dr. Terence Tea, founder of A.M Aesthetics and Executive Chairman and Managing Director of Accrelist Ltd.
When asked about recent developments, Dr. Terence Tea, founder of A.M Aesthetics, said, "I believe that along with doctors' individual skills and expertise in aesthetics, our advanced technology at A.M Aesthetics is efficient in giving our patients a boost in skin youthfulness and a perk in confidence. It gives them a better outlook on life and makes them look forward to waking up feeling younger every morning."Dr. Terence Tea has been awarded Pingat Bakti Masyarakat by the PMO and Top Leading Entrepreneur 2022/2023 by Vision Media Group.
Thanks to Dr. Terence Tea's hard work and determination, A.M Aesthetics has expanded to two more outlets in Orchard Central and Clarke Quay Central since September 2022, with an upcoming outlet in Northpoint City and VivoCity, where a brand new 2.0 lifestyle and aesthetic concept is being introduced in these outlets.
In addition to its nine Singapore locations and one Malaysia location, the company through a collaboration with a renowned doctor, providing training and recommending the most cutting-edge aesthetic equipment and skincare products.
Currently, work is underway for new outlets at AM Thailand BKK, AM Malaysia Bangsar, and more. Also, A.M Aesthetics won the "Best Rejuvenating Aesthetic Treatment" award under L'Officiel Singapore's Spa Awards 2022 for the A.M Aesthetics' Sylfirm X Ultimate Edition and Daily Vanity Beauty Treatment Awards 2022 (Reader's Choice) for their Rejuran Treatment and Q-Switch Treatment.
Hashtag: #amaesthetics #amaestheticssg
The issuer is solely responsible for the content of this announcement.
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