EC HEALTHCARE (02138) announces profit increase. It is expected that the mid-term profit after tax will increase by not less than 60% year-on-year.

EC HEALTHCARE (02138) announced that it is expected to achieve the following financial results for the six months ending September 30, 2024: (i) an increase of at least 7% in profit before interest, taxes, depreciation of own properties, and amortization of factory and equipment, compared to approximately HK$208.7 million for the same period ending September 30, 2023; and (ii) an increase of at least 60% in net profit after tax, compared to approximately HK$21.4 million for the same period ending September 30, 2023. The Board believes that the main reasons for the increase in net profit and profit before interest, taxes, depreciation, and amortization are: (i) improved operational efficiency of newly established service points for the fiscal years ending March 31, 2024, and March 31, 2023; (ii) optimization of costs in rent and employee expenses at the headquarters; and (iii) a decrease in net interest expense (i.e. interest expense minus interest income).