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3309 — C-Mer Medical Holdings News Story

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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


Reuters Recommended Reads

  • Aug 24 - China's Shanghai INT Medical Instruments H1 revenue jumps on acquisitions

  • Aug 24 - China's Peijia Medical H1 revenue jumps on transcatheter valve therapeutics growth

  • Aug 24 - Sinopharm interim revenue edges down on softness in pharmaceutical distribution business


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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