Mediwelcome Reports Reduced Semi-Annual Losses

Mediwelcome Healthcare Management & Technology Inc. (HK:2159) has released an update.

Mediwelcome Healthcare Management & Technology Inc. reported a decrease in loss to RMB 22,929,000 for the six months ended June 30, 2024, compared to RMB 38,045,000 in the same period the previous year, indicating a slight financial improvement. Revenue decreased slightly, but a significant reduction in selling, administrative, and R&D expenses contributed to the reduced overall loss. The basic and diluted losses per share also improved from RMB 18.60 to RMB 11.60.

For further insights into HK:2159 stock, check out TipRanks’ Stock Analysis page.