C-Mer Eye Care's H1 revenue rises, net profit flat
C-Mer Eye Care's H1 revenue rises, net profit flat
Overview
Eye care provider's revenue rose 8.5% yr/yr for six months ended June
Net profit attributable to equity holders increased 0.2% yr/yr
Adjusted profit for the period declined, net profit margin fell to 5.6%
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
MAINLAND CHINA EYE DEMAND – Ophthalmic-services revenue rose 3.0% to HK$631.4 mln, primarily driven by increased demand in Mainland China
SHENZHEN DENTAL BRAND – Dental-services revenue rose 19.0% to HK$282.5 mln, mainly due to stronger brand recognition for Shenzhen CKJ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$1.02 bln |
|
H1 Net Income Attributable |
| HK$50.02 mln |
|
Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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