Hygeia Healthcare Reports Revenue Growth Amidst Profit Decline

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Hygeia Healthcare Reports Revenue Growth Amidst Profit Decline

The latest update is out from Hygeia Healthcare Holdings Co., Ltd. ( (HK:6078) ).

Hygeia Healthcare Holdings Co., Ltd. reported a 9.1% increase in revenue to RMB4,446.1 million for the year ending December 31, 2024, despite a 12.6% drop in net profit to RMB598.3 million. The company also repurchased over 11 million shares, with plans to cancel the remaining shares, and opted not to declare a final dividend for the year. The release highlights the use of non-IFRS measures to provide a clearer view of financial performance, although these measures have limitations and are not standardized across companies.

More about Hygeia Healthcare Holdings Co., Ltd.

Hygeia Healthcare Holdings Co., Ltd. operates in the healthcare industry, focusing on providing medical services and healthcare management. The company is involved in the operation of hospitals and healthcare facilities, primarily in China, and aims to enhance healthcare accessibility and quality for its patients.

YTD Price Performance: -1.40%

Average Trading Volume: 7,443,073

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.68B

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