Eu Yan Sang International, the healthcare company with core businesses in Traditional Chinese Medicine (TCM) and integrative healthcare, says net profit for the period ended 31 March 2010 (3QFY2010) doubled to $7.6 million from $3.8 million in 3QFY2009.

The higher net profit came on the back of the 11% increase in revenue to $75.2 million in 3QFY2010 from $67.6 million in 3QFY2009 and generally lower expenses. Lower effective tax rates also helped to boost the net profit towards a one-fold year-on-year increase.

Retail revenue surged 15% to $62.9 million. Wholesale revenue dipped 6% to $8.3 million because the Group focused on Lunar New Year sales during the quarter. Clinic revenue also saw a slight drop of 5% to $3.5 million.

In geographical and local currency terms, Malaysia led the pack with a jump of 28% increase in 3QFY2010 revenue, in particular contributions from hamper sales. Sales in Hong Kong and Singapore also posted gains of 10% and 9% respectively. The strong sales in these three core countries in the quarter reflects the effectiveness of the Group’s pre-Lunar New Year promotions.

Net cash provided by operating activities of $10.7 million in 3QFY2010 increased cash and cash equivalent to $35.9 million, a net increase of $8.6 million compared to the previous quarter.