Navigation Links
SOKO Fitness & Spa Group Announces Record Financial Results for Fiscal Year; Sets Conference Call to Discuss Results
Date:9/1/2009

HARBIN, China, Sept. 1 /PRNewswire-Asia-FirstCall/ -- SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF), a leading operator of fitness centers and beauty salons and spas in Northeast China, today announced record financial results for the fiscal year ended May 31, 2009.

    Fiscal 2009 highlights:
    -- Revenue increased 40% year-over-year to $19.6 million
    -- Net profit increased 36% year-over-year to $7.0 million
    -- Gross margin was 66%, compared to 64% in the prior year period
    -- Operating income increased 31% year-over-year to $7.1 million
    -- Fitness membership increased 30% year-over-year to 13,000
    -- Beauty salon & spa customers increased 95% year-over-year to 19,500

Results of Operations

Compared to fiscal year 2008, beauty and spa revenues increased by 29.35%. The increase was driven by the increasing number of clients and the opening of new facilities. Fitness and yoga revenues increased by 98.70%. These results were driven by marketing efforts to an increase in memberships, and the acquisition of Yoga Wave and increased revenues associated with add-on services provided to members. Other revenues, which consist of beauty school tuition and related student costs, increased by 79.25%, driven by the increasing number of students and new courses.

SOKO achieved gross profits of $12.98 million for the year ended May 31, 2009, compared to $8.95 million for the previous year, an increase of 45% or approximately $4.03 million. As a percentage of revenues, gross profit margin was 66% for fiscal 2009 compared to 64% in fiscal 2008. The margin improvement was mainly driven by the shift from lower margin services and product sales to higher margin services during the year.

Operating expenses increased 66.9% year over year. The increase in operating expenses was attributable to the increase in amortization of leasehold impr
'/>"/>

SOURCE SOKO Fitness & Spa Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Help Your Favorite Senior Fight Alzheimers in Thanksgiving Contest: Win $2,500 Brain Fitness System
2. Heartline(R) Fitness Systems Named to Inc. 5000 list for Third Consecutive Year
3. Expresso Fitness(R) Announces $6M Series D Funding
4. HealthFitness Named Lead Integrator for MillerCoors Health Improvement Program
5. Planet Fitness Soars to Inc. 500
6. Perfect Fitness Ranks No. 1 of Consumer Product Companies on 2009 Inc. 500 List, Ranks No. 4 Overall
7. New Survey Reveals Health-Related Fitness as Primary Focus of Middle and High School Physical Education Programs
8. Frank Sepes New Fitness as a Lifestyle Collection Sells Out Within 3 Hours of Airtime During First-Ever HSN Debut
9. Brain Fitness Reduces Risk of Onset of Depressive Symptoms
10. Bally Total Fitness Flexes Fundraising Muscle to Fight ALS
11. Health Fitness to Report Second Quarter 2009 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2015)... ... August 31, 2015 , ... Jvion, the ... latest predictive use case focused on helping hospital perform under the Center for ... hospital payments are adjusted based on performance across four domains related to care ...
(Date:8/31/2015)... ... August 31, 2015 , ... ITC Global Translations ... information for specific translation services within the medical and pharmaceutical industries. These are ... of successful work. , ITC Global Translations specializes in professional translation services for ...
(Date:8/31/2015)... CA (PRWEB) , ... August 31, 2015 , ... When it comes to undergoing a ... the top of the head. Adding more volume to the hair on top of ... for patients who have a good amount of donor hair on other areas of their ...
(Date:8/31/2015)... ... 31, 2015 , ... Wound Care Advantage, a leader in ... to Hyperbaric Medicine Course. The next UHMS approved 40-hour Introduction to Hyperbaric Medicine ... Long Beach, CA. The meeting is open for registration from physicians, clinicians and ...
(Date:8/31/2015)... ... 31, 2015 , ... The 2015 New York Regional ... family members, medical professionals, and researchers, covering a variety of topics related to ... collaborative effort between the Mesothelioma Applied Research Foundation and Memorial Sloan ...
Breaking Medicine News(10 mins):Health News:Jvion Releases Value-Based Purchasing Predictive Use Case 2Health News:GoMarketing Announces Major Updates to ITC Global Translations Website http://www.ITCGlobalTranslations.com 2Health News:GoMarketing Announces Major Updates to ITC Global Translations Website http://www.ITCGlobalTranslations.com 3Health News:Body Hair Transplants to Help Achieve a Full Head of Hair 2Health News:Registration Opens for Wound Care Advantage’s Second UHMS Approved 40-Hour Introduction to Hyperbaric Medicine Course 2Health News:Registration Opens for Wound Care Advantage’s Second UHMS Approved 40-Hour Introduction to Hyperbaric Medicine Course 3Health News:Registration Opens for Wound Care Advantage’s Second UHMS Approved 40-Hour Introduction to Hyperbaric Medicine Course 4Health News:New York Experts on Mesothelioma Come Together at Memorial Sloan Kettering Cancer Center 2Health News:New York Experts on Mesothelioma Come Together at Memorial Sloan Kettering Cancer Center 3
... woman,s bone density, according to a study published online July ... by Group Health Research Institute (GHRI) scientists. Impacts on ... pill,s hormone dose, and did not appear until about two ... researchers to focus on 14- to 18-year-old teenagers, and to ...
... By Serena Gordon HealthDay Reporter , MONDAY, ... that a drug initially designed to raise levels of ... with type 2 diabetes: it lowered their blood sugar. ... is that this particular medication, torcetrapib, also has a ...
... Alzheimer,s disease cases could potentially be prevented through lifestyle ... according to a study led by Deborah Barnes, PhD, ... Medical Center. Analyzing data from studies around the ... that worldwide, the biggest modifiable risk factors for Alzheimer,s ...
... (WFA) announced,today preliminary findings in two major studies involving ... Westies. Findings in these and other studies of ... human conditions like Inflammatory Bowel Disease (IBD). The ... Canine Health Foundation (CHF). In one study, researchers ...
... NY, July 18, 2011) A Columbia University ... science into real-life treatments for patients received $38.9 million from ... the next five years. The Irving Institute for Clinical ... receive renewed funding, in recognition of their successes during the ...
... Reporter , MONDAY, July 18 (HealthDay News) -- A large, ... raise the risk of cancer. Among approximately 91,000 adults ... researchers report there was no significant difference in cancer risk ... After an average of five years of follow-up among nearly ...
Cached Medicine News:Health News:Gradual bone reduction seen in some pill users 2Health News:Controversial Cholesterol Drug Might Lower Blood Sugar Levels in Diabetics 2Health News:Controversial Cholesterol Drug Might Lower Blood Sugar Levels in Diabetics 3Health News:Over half of Alzheimer's cases may be preventable, say researchers 2Health News:IBD, LCPD health research in 'Westie' dogs may hold answers to similar human diseases 2Health News:Columbia University Medical Center receives $38.9 million to help translate science into treatment 2Health News:Statins Don't Seem to Raise Cancer Risk 2
(Date:8/31/2015)... 31, 2015  Asterias Biotherapeutics, Inc. (NYSE MKT: ... field of regenerative medicine, today announced that the ... Chicago -based Rush University Medical Center in ... escalating doses of AST-OPC1 (oligodendrocyte progenitor cells) in ... cervical spinal cord injury (SCI). This represents the ...
(Date:8/31/2015)... 2015   BioLife Solutions , Inc. (NASDAQ: ... marketer of proprietary clinical grade cell and tissue ... media and a related cloud hosted ... smart shippers ("BioLife" or the "Company"), today ... biopharmaceutical company focused on developing and commercializing novel ...
(Date:8/28/2015)... , Aug. 28, 2015  With the heroin ... reaching deadlier heights, Jacksonville -based Lakeview ... Hemphill is helping to explain why fentanyl is ... approximately 40 to 50 times more potent than pharmaceutical ... users as heroin, the risk of death skyrockets. ...
Breaking Medicine Technology:Asterias Biotherapeutics Concludes Recruitment of Initial Safety Cohort of the SCiStar Phase 1/2a Dose-Escalation Clinical Trial of AST-OPC1 for Complete Cervical Spinal Cord Injury 2Asterias Biotherapeutics Concludes Recruitment of Initial Safety Cohort of the SCiStar Phase 1/2a Dose-Escalation Clinical Trial of AST-OPC1 for Complete Cervical Spinal Cord Injury 3Asterias Biotherapeutics Concludes Recruitment of Initial Safety Cohort of the SCiStar Phase 1/2a Dose-Escalation Clinical Trial of AST-OPC1 for Complete Cervical Spinal Cord Injury 4Asterias Biotherapeutics Concludes Recruitment of Initial Safety Cohort of the SCiStar Phase 1/2a Dose-Escalation Clinical Trial of AST-OPC1 for Complete Cervical Spinal Cord Injury 5Asterias Biotherapeutics Concludes Recruitment of Initial Safety Cohort of the SCiStar Phase 1/2a Dose-Escalation Clinical Trial of AST-OPC1 for Complete Cervical Spinal Cord Injury 6BioLife Solutions Customer TiGenix Phase 3 Clinical Trial Meets Primary Endpoint 2BioLife Solutions Customer TiGenix Phase 3 Clinical Trial Meets Primary Endpoint 3BioLife Solutions Customer TiGenix Phase 3 Clinical Trial Meets Primary Endpoint 4BioLife Solutions Customer TiGenix Phase 3 Clinical Trial Meets Primary Endpoint 5Lakeview Health's Dr. Philip Hemphill Explains Why Heroin Addicts Are Now Dying of Fentanyl Overdoses 2
... (OTCQX: DATA), a technology and services company focused on global ... its Vice President of Research and Development, Chris Wilke, has ... 2009 Society for Clinical Data Management (SCDM) Annual Conference which ... Mr. Wilke will be discussing Is 100% EDC Realistic? ...
... ThermalTherapeutic Systems, Inc., developers of a highly ... today the completion of $2.75 Million Series A ... funding by the Pittsburgh Life Sciences Greenhouse, and ... investments by the Pittsburgh Life Sciences Greenhouse and ...
Cached Medicine Technology:DATATRAK to Present at 2009 SCDM Annual Conference 2DATATRAK to Present at 2009 SCDM Annual Conference 3ThermalTherapeutic Systems Completes $2.75 Million Series A Financing With Originate Ventures 2
The Natural Selection family of specialty allografts is spinal concepts response to surgeon requests for spinal allograft devices to eliminate the need for painful autograft harvesting....
Transcranial vascular DWL doppler....
Transcranial vascular DWL doppler....
... Neurocare is a full-featured physiologic testing system offered ... contains many of the features of our flagship ... economical price. , ,The smaller size of the ... environment, the physician's office, a mobile service or ...
Medicine Products: