News

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23/12/2009
FINANCIAL HIGHLIGHTS - For the six months ended 30 September 2009: The Group recorded revenue of HK$301,298,000, representing an increase of 51.9% as compared with the corresponding period in 2008. The Group recorded a profit of HK$42,765,000 (2008: loss of HK$267,141,000). As at 30 September 2009: The Group had a current ratio (defined as total current assets divided by total current liabilities) of 2.8 and a gearing ratio (defined as total bank and other borrowings divided by equity attributable to equity holders of the Company) of 3.8%. The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2009 (2008: Nil).

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24/07/2009
FINANCIAL HIGHLIGHTS - For the year ended 31st March, 2009: The Group recorded revenue of HK$342,212,000, representing an increase of 1.0% as compared with prior year. The Group recorded a loss of HK$644,047,000 (2008: profit of HK$260,990,000). The reasons for such significant loss are mainly due to (1) share of loss of a jointly controlled entity; (2) loss on early redemption of convertible bonds; (3) other expenses mainly including loss on fair value changes on held-for-trading investments, impairment loss recognized in respect of available-for-sale investments, interests in associates and goodwill arising on acquisition of subsidiaries and medical and dental practices; and (4) share-based payment expenses. The Board wishes to emphasise that most of the factors causing the significant loss described above are non-cash in nature and will not have any cash flow impact on the Group. The Board is of the view that the financial position of the Group is solid and with a substantial net cash position, the Group is well positioned to expand and meet the challenges ahead. The Group’ s segment resul t s recorded a prof i t of HK$37,821,000 (2008: HK$48,224,000) after excluding the non-operating and unallocated corporate income and expenses. The Board does not recommend the payment of any dividend. As at 31st March, 2009: the Group held cash and bank balances of HK$484,549,000 (2008: HK$178,375,000). the Group had no outstanding bank and other borrowings, gearing ratio (defined as total bank borrowings divided by total shareholders’ equity) was recorded nil (2008: 10.3%).

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09/04/2009
On 9 April 2009, National Charm (an indirectly wholly-owned subsidiary of Town Health), Fair Jade (an indirectly wholly-owned subsidiary of HK Health Check) and the JV Partner entered into the Shareholders’ Agreement in relation to, among other matters, the investment and management of the JV Company. The JV Company is formed to be engaged in the business of holding and management of the Property. The transaction contemplated by the Shareholders’ Agreement constitutes a discloseable transaction for each of Town Health and HK Health Check under Chapter 14 of the Listing Rules.

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30/12/2008
FINANCIAL HIGHLIGHTS - For the six months ended 30 September 2008 The Group recorded revenue of approximately HK$198,358,000, representing an increase of 17.19% as compared with the corresponding period in 2007. Due to the loss arising from (1) fair value changes on convertible bonds held by wholly owned subsidiaries and a jointly controlled entity of the Group and (2) sharebased payments on the option granted to Ping An Trust, loss attributable to equity holders of the Company for the six months ended 30 September 2008 amounted to approximately HK$272,609,000. The accounting loss arising from the fair value changes on convertible bonds and the share-based payments on the option granted to Ping An Trust as mentioned above do not have any cash flow or financial burden to the Group. The Group recorded a profit of approximately HK$40,375,000 (2007: HK$39,688,000) after excluding non-operating income and expenses such as (loss)/gain on fair value changes on held for trading investments, gain on disposal of associates, (loss)/gain on disposal of subsidiaries, share of results of associates, share of result of a jointly controlled entity, (loss)/gain on fair value changes in convertible bonds and sharebased payments. The Group had a current ratio (defined as total current assets divided by total current liabilities) of 3.6 and a gearing ratio (defined as total bank borrowings divided by total shareholders’ equity) of 14.6%. The Group recorded a net asset value of approximately HK$1,067,507,000. The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2008 (2007: Nil).

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11/08/2008
FINANCIAL HIGHLIGHTS - For the three months ended 30 June 2008 The Group recorded a turnover of approximately HK$119,170,000, representing an increase of 33.1% as compared with the corresponding period in 2007. Profit attributable to equity holders of the Company amounted to approximately HK$34,060,000 (2007: approximately HK$42,090,000). The decrease is mainly due to that there was a gain on fair value changes on held-for-trading investments of approximately HK$14,454,000 as recorded in 2007 but not in 2008. Operating profit before tax excluding other extraordinary and non-core items amounted to approximately HK$41,616,000, representing an increase of 43.8% as compared with the corresponding period in 2007 (2007: approximately HK$28,935,000) (Other extraordinary and non-core items include other income, gain on disposal of an associate, loss on disposal of subsidiaries and share of results of associates). The Board does not recommend the payment of any dividend for the three months ended 30 June 2008 (2007: Nil).

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01/08/2008
On 9 July 2008, an application was made by the Company to the Stock Exchange for the transfer of listing from GEM to the Main Board. The Company has applied for the listing of, and permission to deal in, (i) the 17,545,515,724 Shares in issue; (ii) 230,000,000 Shares which may fall to be issued pursuant to the exercise of the outstanding options which were granted under the GEM Share Option Scheme; and (iii) 3,393,583,143 new Shares which may fall to be issued pursuant to the rights attaching to the call option granted by the Company to Rising Step under the Call Option Agreement, on the Main Board by way of transfer of the listing from GEM to the Main Board. The approval-in-principle for the Transfer was granted by the Stock Exchange on 1 August 2008.
The last day of dealings in the Shares on GEM is 11 August 2008. Dealings in the Shares on the Main Board (Stock code: 3886) will commence at 9:30 a.m. on 12 August 2008.

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09/07/2008
The Board is pleased to announce that the Company has submitted a formal application form to the Stock Exchange on 9 July 2008 for the proposed transfer of listing of the Shares from GEM to the Main Board of the Stock Exchange.

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22/06/2008
Town Health recorded a revenue from continuing operations of approximately for the year ended 31st march 2008 was HK$338,823,000, representing an increase of 43% as compared with piror year. Town Health recorded a profit attributable to equity holders of approximately for the year ended 31st march 2008 was HK$253,714,000, representing an increase of 18% as compared with piror year.

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03/04/2008
Town Health announces that (i) Town Health, Guangdong Town Health (as the agent of the Company) and Ping An Trust Co. entered into the Framework Agreement; and (ii) Town Health entered into the Call Option Agreement with Ping An Trust Co.

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14/02/2008
Town Health recorded a turnover of approximately for the nine months ended 31st December 2007 was HK$286,504,000, representing an increase of 47.1% as compared with the corresponding period in 2006. Profit attributable to equity holders of the Company amounted to approximately for the nine months ended 31 December 2007 was HK$107,219,000, representing an increase of approximately 57.9% as compared with the corresponding period in 2006.

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05/02/2008
Town Health announces that the Acquisition Agreement dated 24 September 2007 entered into between the Vendors and Asiatop of certain interests in Nu/Hart Hair Clinics located in Altanta, Chicago, New York, Philadelphia and Pittsburg in the USA and in Dubai, Manila, Puerto Rico and Hong Kong has been terminated.

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13/11/2007
The Group recorded a turnover of approximately for the six months ended 30 September 2007 was HK$189,486,000, representing an increase of 49% as compared with the corresponding period in 2006. Profit attributable to equity holders of the Company amounted to approximately for the six months ended 30 September 2007 was HK$95,214,000, representing a increase of 63% as compared with the corresponding period in 2006.

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07/11/2007
Town Health announces that Dr. Hui has been appointed as the executive Director, such appointment to take immediate effect.

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07/08/2007
The Group recorded a turnover of approximately HK$100,221,000 for the three months ended 30 June 2007(2006: approximately HK$56,640,000), representing an increase of approximately 77% as compared with the corresponding period in prior year.

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26/07/2007
Town Health announces that it has entered into a sale and purchase agreement on 23 July, 2007 in relation to the acquisition of 100% equity interest in the Jolly Park Limited, comprising 21 medical clinics for a cash consideration of HK$48,319,534.25

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29/06/2007
Town Health Announces Annual Results For The 12 Months Ended 31 March 2007, Net Profit Surged 9.7 Times To HK$214,850,183, Turnover Increased 19.2% to HK$275,627,568

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17/05/2007
Town Health Spurts Beyond The Medical and Healthcare Industry In Asia, Possible Acquisition of US Nu/Hart Hair Clinics Group With Approximately HK$40 Million To Develop Men’s Healthcare Services, To Capture The Booming Life-Style Related Healthcare Industry Worldwide

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27/04/2007
Town Health Establishes Joint Venture With Hua Xia Healthcare (SEHK: 8143) To Dedicate The Investment And Management Of Dental Chain In The PRC

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23/03/2007
Hong Kong Health Check & Laboratory Holdings Company Limited has signed a lease agreement with the Link for operating the first satellite health check centre in Tze Wan Shan

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28/02/2007
Hong Kong Health Check & Medical Diagnostic Centre invited Ms. Sheh Si Man, Charmaine, a famous star of Hong Kong, to be the spokesperson of the centre.

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31/01/2007
Hong Kong Health Check & Medical Diagnostic Centre has signed a service agreement with China Health Care Travel Service Ltd. for promoting “Health Tourism” in China.

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23/12/2006
Hong Kong Health Check & Medical Diagnostic Centre started trial run on December 2006

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30/11/2006
Ms. Choi Ka Yee, Crystal, was appointed as the Chairman of the company

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21/08/2006
Town Health Dental Centre was opened to the public on 21 August 2006.

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29/06/2006
Press Release
Town Health Reported Turnover Surge of 28.76%

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17/05/2006
Dental Opening
A one-stop comprehensive dental clinic was opened in July 2006

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12/05/2006
Appointment
Ms. Choi Ka Yee, Crystal, has been appointed as an Executive Director & Vice-Chairman of the Company.
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01/05/2006
HKHCC Opening
The biggest health check centre is going to open in September 2006.

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28/02/2006
Announcement
(Lapse of the placement of tranche 2 bonds)

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14/02/2006
Results Announcement
Quarterly results from the nine month ended 31 st December 2005.