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New Century Healthcare Reports Revenue Decline Amidst Market Normalization

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New Century Healthcare Reports Revenue Decline Amidst Market Normalization

New Century Healthcare Holding Co. Ltd. ( (HK:1518) ) just unveiled an update.

New Century Healthcare Holding Co. Ltd. reported a decline in revenue and profit for the year ended December 31, 2024, primarily due to a decrease in demand for pediatric internal medicine services as the market returned to normal levels following a surge in pediatric infections in 2023. Despite the financial downturn, the company announced a final dividend of HK$0.0221 per share, subject to shareholder approval, reflecting its commitment to returning value to its shareholders.

More about New Century Healthcare Holding Co. Ltd.

New Century Healthcare Holding Co. Ltd. operates in the healthcare industry, focusing on providing pediatric internal medicine services. The company is known for its medical services catering to both outpatients and inpatients, with a significant market focus on pediatric healthcare.

YTD Price Performance: 20.0%

Average Trading Volume: 216,635

Technical Sentiment Signal: Sell

Current Market Cap: HK$585.7M

Find detailed analytics on 1518 stock on TipRanks’ Stock Analysis page.

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