Business Daily Media

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

SINGAPORE - Media OutReach - 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
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.

About Accrelist Ltd. (亚联盛控股公司)

Listed on the Catalist board of the SGX-ST, Accrelist Ltd. (the "Company" or "Accrelist" together with its subsidiaries, the "Group") seeks to create long-term value for our shareholders and business partners by unlocking and adding value to the companies we invest in. The Group continues to actively pursue new opportunities with a growing focus on medical aesthetics.

The Group's wholly owned subsidiary corporations include the Accrelist Medical Aesthetics group of companies, branded as A.M Aesthetics, and A.M Skincare Pte. Ltd. ("A.M Skincare").

A.M Aesthetics operates a chain of registered medical aesthetics clinics in Singapore and Malaysia which use state-of-the-art equipment and clinically proven solutions to deliver a wide range of highly reliable and effective treatments. A.M Skincare is principally involved in the retail sale of pharmaceutical and medical goods. It develops and distributes its own original design manufacturer clinical skincare products ("ODM") with support from South Korean dermatologists alongside other non-ODM products.

In addition, Accrelist holds a 53.31% controlling stake in Jubilee Industries Holdings Ltd. ("Jubilee"), a one-stop service provider with two main business segments:

  • Mechanical Business Unit ("MBU") which is engaged primarily in precision plastic injection moulding and mould design and fabrication services; and
  • Electronics Business Unit ("EBU") which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span across Malaysia and Indonesia. Jubilee's products are sold to customers in Singapore, Malaysia, Indonesia, Vietnam, India, the People's Republic of China, the United States and various European countries.

For more information, please visit

About A.M Aesthetics
Having been the Executive Chairman and Managing Director of Accrelist Ltd., Dr. Terence Tea established "A.M. Aesthetics" in 2018. A.M Aesthetics is a team of experienced professionals dedicated to offering their clients trustworthy cosmetic dermatology and skin laser treatments. They have strategically placed outlets in different areas of Singapore and Malaysia.

News from Asia

Beijing E-Town's Themed Exhibition Area Shines at the 2024 Beijing International Fair for Trade in Services

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - On September 12, the 2024 China International Fair for Trade in Services officially kicked off. The Beijing Economic-Technological De...

2024 High-Quality Development Promotion Conference Held: Beijing E-Town Extends Global Invitation for Open Collaboration

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - On September 13, the 2024 High-Quality Development Promotion Conference, themed "Invest in E-Town, Create the Future," took place. Be...

Beijing E-Town Shines at Cultural Tourism Exhibition with Cutting-Edge Technology

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - At the recent 2024 China International Fair for Trade in Services, the "Cultural Tourism Services" exhibition booth of the Beijing Ec...

Beijing E-Town Completes the City's First Negative List Filing for Cross-Border Data Transfers

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - The 2024 China International Fair for Trade in Services is currently underway in Beijing. On September 13, Beijing Economic-Technolog...

SUNRATE signs MOU with Singapore-Thai Chamber of Commerce

Joint Effort Aims to Accelerate Growth and Expansion of Thai Companies in Singapore SINGAPORE - Media OutReach Newswire - 19 September 2024 - SUNRATE, an intelligent global payment and treasury ma...

Mira Coral Bay: Branded Property in Ras AI Khaimah (UAE) Reimagined By Mira Developments and Marjan

Located in the heart of Ras Al Khaimah, Mira Coral Bay marks a new chapter in the emirate's luxury lifestyle segment The project of significant investment stands out for its expan...

China's First Han Dynasty Digital Art Exhibition Debuts at the 2024 China International Fair for Trade in Services Fair

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - On September 12, the first day of the 2024 China International Fair for Trade in Services, the nation's first Han Dynasty cultural di...

Victoria Dockside in Hong Kong Draws Incredible Crowds with the Globally Acclaimed "100% Doraemon & Friends" Exhibition, Stimulating Hong Kong’s Economy and Retail Vitality

“Cultural Commerce” experience at K11 MUSEA fuels 10% surge in tourist spending HONG KONG SAR - Media OutReach Newswire - 12 August 2024 - Victoria Dockside, K11 Art and Cultural District in Hong ...

AIA Hong Kong Proudly Partners with Coldplay for the Music Of The Spheres World Tour

HONG KONG SAR - Media OutReach Newswire - 19 September 2024 - AIA is excited to announce its partnership with Coldplay for the highly anticipated Music Of The Spheres World Tour in Hong Kong, set ...

K11 MUSEA Defies Market Trends, Doubling 7 Luxury Brands’ Footprint with Expansion to More Than 30,000 Square Feet

HONG KONG SAR - Media OutReach Newswire - 19 September 2024 - Victoria Dockside, K11 Art and Cultural District ushers in a new era of luxury. Several of the world's most prestigious luxury brands...


Start your own business with Shopify


Why Pinterest Should Be Part of Your Marketing Strategy

Pinterest is a growing social media platform that can deliver significant traffic to your website and new followers to your brand. With it’s steady gr...

Business Training

Customer service is essential in any company

When you think of customer service; many of us picture retail, hospitality or fast food restaurants preaching “service”. However customer service ...

Business Training

Stylish Drain Designs to Suit Any Application

Drain design is a significant part of any drainage system, inside or outside the house. Beyond channelling water from your shower drain or bathroo...

Property

AI vs. the ‘snowball effect’: Navigating Superannuation compliance

Over the past decade, Australia's workplace environment has undergone significant improvements, particularly in safety, with a strong focus on pro...

Business Training

Keys to Small Business Success

Are you an entrepreneur with your heart set on small business success? Do you have an idea for a business? Are you unsure of how you can get start...

Business Training

ClickFunnels Review: The Best Way to Create a Sales Funnel

The Ultimate Guide to ClickFunnels: What is it and How to Use it Whether you run a small business or are in charge of marketing for a large cor...

Business Training