IVD Medical Holding (HKG:1931) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥3.16b (up 2.4% from FY 2023).
- Net income: CN¥260.4m (up 9.3% from FY 2023).
- Profit margin: 8.2% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.17.
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Distribution Business segment contributing a total revenue of CN¥2.95b (93% of total revenue). Notably, cost of sales worth CN¥2.41b amounted to 76% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥183.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1931's revenue and expenses shape its earnings.
IVD Medical Holding shares are down 4.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for IVD Medical Holding that you need to be mindful of.
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