OrbusNeich Medical Group Holdings (HKG:6929) Full Year 2024 Results
Key Financial Results
- Revenue: US$164.1m (up 6.6% from FY 2023).
- Net income: US$39.7m (down 12% from FY 2023).
- Profit margin: 24% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.048 (down from US$0.054 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OrbusNeich Medical Group Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 2.9%.
Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Medical Equipment industry in Hong Kong.
Performance of the Hong Kong Medical Equipment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - OrbusNeich Medical Group Holdings has 1 warning sign we think you should be aware of.
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