Miricor (HKEX:1827) achieves turnaround despite revenue dip

Miricor Enterprises Holdings Limited (HKEX:1827) announced its annual results for the year ended March 31, 2025, reporting a revenue of HKD403.2 million, down 18.4% from HKD494.3 million in FY2024. Despite the revenue decrease, the group achieved a significant turnaround, posting a net profit attributable to owners of HKD10.6 million, compared to a net loss of HKD12.6 million in the previous year. Basic earnings per share amounted to HKD2.65 cents. The Board did not recommend a dividend. The company attributed the improved performance to enhanced operational efficiency and cost control. The Medical Aesthetics business remained stable while Skincare retail experienced periodic adjustment. As of March 31, 2025, the Group's cash and cash equivalents stood at HKD182.3 million, and interest-bearing bank borrowings amounted to HKD5.9 million.