EPS HEALTH TECH (03860) announces expected mid-term net profit of approximately HK$16 million, turning losses into gains year-on-year.

17:19 18/11/2024

EPS Health Technology (03860) announced that the group is expected to record a... for the six months ending September 30, 2024.

EPS Health Tech (03860) announced that the group is expected to achieve unaudited net profit of approximately HK$16 million for the six-month period ending on September 30, 2024, compared to an unaudited net loss of approximately HK$8.7 million for the six-month period ending on September 30, 2023. The expected improvement is mainly attributed to (i) fair value gains on bills of exchange generated by non-controlling interests; (ii) an increase in profits from the healthcare products business; and (iii) a reduction in administrative and research and development expenses due to cost-saving measures implemented by the group.

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