Accrelist achieved profit before tax of S$0.9 million (EBITDA S$5.7 million) as compared to a loss before tax of S$0.4 million (EBITDA S$3 million) in FY2018.
Jubilee’s profit before tax soared to S$3.5 million (EBITDA S$4.7 million) from S$0.9 million (EBITDA S$2.7 million) in FY2018.
Accrelist completed the acquisition of Refresh Laser Clinic group of companies on 1 October 2018 and the companies are now known as Accrelist Medical Aesthetics group of companies. This acquisition brought about a net profit before tax of S$1.1 million for FY2019.
Accrelist subsidiary, Jubilee completed the acquisition of Honfoong Plastic Industries Pte Ltd on 31 July 2018. This acquisition increased the total number of machines to 118, allowing for greater loading.

2019