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EQS-News News vom 17.08.2016

Tempus (6880 HK) Announces 2016 Interim Results


EQS-News / 17/08/2016 / 12:10 UTC+8

[Press Release]
/
TEMPUS HOLDINGS LIMITED
騰邦控股有限公司
(Stock Code:6880)

Tempus Announces 2016 Interim Results
Synchronous Development in Both Health & Wellness Business and Cross-border Business,
to Cooperate with the Diversified Development of the Group

PERFORMANCE HIGHLIGHTS

Revenue was approximately HK$253.5 million, representing an increase of 22.1% as compared to approximately HK$207.6 million for the six months ended 30 September 2015;
Gross profit was approximately HK$153.9 million, representing an increase of 14.3% as compared to approximately HK$134.6 million for the six months ended 30 September 2015;
Profit for the period was approximately HK$4.9 million, representing a decrease of 12.5% as compared to approximately HK$5.6 million for the six months ended 30 September 2015;
The Board has resolved not to declare an interim dividend for the six months ended 30 June 2016.
 

(Hong Kong, 16 August 2016) Tempus Holdings Limited ("Tempus" or the "Company"; Stock Code: 6880.HK), announces the unaudited condensed interim financial results of the Company and its subsidiaries (collectively referred as the "Group") for the six months ended 30 June 2016 (the "Reporting Period") together with the comparative figures for the six months ended 30 September 2015.

During the Reporting Period, the Group's revenue was approximately HK$253.5 million, with 86.1% derived from health and wellness business, and 13.9% from cross-border business, which commenced in the first half of 2016. The increase in revenue was mainly due to the additional revenue of approximately HK$35.2 million from the newly commenced cross-border trading business. The gross profit was approximately HK$153.9 million and the gross profit margin was 60.7%. The profit for the Reporting Period was approximately HK$4.9 million, mainly due to less corporate and international sales which have higher net profit margin compared with traditional sales channels.

Star Product Remains Top Sales and New Products Launched to Meet the Market Demand
During the Reporting Period, the segment revenue from health and wellness business was approximately HK$218.3 million. The segment gross profit margin was approximately 69.9%, representing an increase of 5.1 percentage point as compared to gross profit margin for the six months ended 30 September 2015. The increase was mainly due to the change of sales portfolio, inter alia, an increase of retails sales, which has a higher gross profit margin as compared to the decrease of corporate and international sales which has a lower gross profit margin.

During the Reporting Period, the Group has newly developed and launched two key new products: the "II-Zone Luxe", an exquisite leisure massage chair and the "Row Bike", an innovative fitness equipment enabling rowing, horse riding and cycling exercises at the same time. Both the "II-Zone Luxe" and the "Row Bike" will be the key products in the second half of 2016. The key new product last year, "ii Zone", remained the top selling product during the Reporting Period, accounting for approximately 36.3% of the total sales of the Group's health and wellness business.

Commence Cross-border Business & Actively Identify Appropriate Investment or Acquisition Opportunities
During the Reporting Period, the Group has commenced international trading of certain well-known branded milk powder as a starting point of its cross-border business development. The trading volume for the two months ended 30 June 2016 was approximately HK$35.2 million and the average gross profit margin was approximately 3.5%. It is expected that the trading volume and scope of product categories will be further increased in the second half of 2016. The Group will continue to actively develop and identify appropriate investment or acquisition opportunities throughout the area of the cross-border business.

Develop Diversified Sales Channels to Expand Geographical Market Coverage
During the Reporting Period, the Group continues developing its diversified sales channels and expanding its geographical market coverage. Currently, the sales channels of the Group's OTO business include (i) traditional sales channels including retail stores and consignment counters, accounting for approximately 72.2% of the segment revenue (six months ended 30 September 2015: 57.7%); and (ii) proactive sales channels including corporate sales, international sales, roadshow counters and Internet sales, accounting for approximately 27.8% of the segment revenue (six months ended 30 September 2015: 42.3%). During the Reporting Period, the Group operated 26 retail outlets in Hong Kong and Macau, while the number of retail outlets in the Mainland China had increased to 120. The Group will continue to expand its retail network in Mainland China and focus on the development of Internet sales business.
Outlook
The management of the Group concluded, "Despite the slowdown of China's economic growth, the weakening retail market in Hong Kong and the increased capital market volatility, which had been undermining the consumers' sentiment and buying power, we are still confident in the Group's future development. We will continue actively seeking appropriate investment and merger and acquisition opportunities, especially in health and wellness and cross-border business sectors so as to enrich the embedded value of the Group. Vigorously supported by Tempus Group, the controlling shareholder, we will strengthen the business cooperation with other business arms in Tempus Group to strive for the breakthrough in Internet sales and corporate sales channels in the mainland China."

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About Tempus Holdings Limited
Tempus Holdings Limited (6880.HK), member of the Tempus Group, was listed on the mainboard of HKEx in 2011. As Tempus Group's key overseas capital operation platform, the Company keeps streamlining its products and services to facilitate sustainable growth of businesses and assets size through on-shore and off-shore resources sharing, synergy generation and business ecosystem consolidation. Tempus has been selected as a constituent of the MSCI Hong Kong Micro Cap Index.

The "OTO" brand under Tempus Holdings, founded in 1986, is the market leader of health and wellness products. OTO has more than 30 years' experience in brand management and research and development. Its design and R&D team works closely with the partners from Japan and Korea to create series of innovative products in the area of relaxation, fitness, therapeutics and diagnostic. OTO has established comprehensive sales network in the PRC, Hong Kong, Macau, Singapore and Malaysia. With sound international reputation, OTO products also reach North America, Oceania, Europe and Latin America through export.

For more details, please visit: http://www.tempushold.com/hk

This press release is distributed by Financial PR (HK) Limited on behalf of Tempus Holdings Limited. For further information, please refer to contact:

Financial PR (HK) Limited:
Mr. James Lo Email: jameslo@financialpr.hk
Mr. Alex Wang Email: alexwang@financialpr.hk
Tel (852) 2610 0846
Fax (852) 2610 0842





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Document title: Tempus (6880 HK) Announces 2016 Interim Results




17/08/2016 Dissemination of a Press Release, transmitted by EQS Group.
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