OrbusNeich Medical Group Holdings Limited (HK:6929) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
OrbusNeich Medical Group Holdings Limited has issued a profit warning, anticipating a decline in profit and adjusted profit of over 20% for the six months ended June 30, 2024, compared to the same period in 2023. The expected decrease is attributed to reduced sales in the United States and China, increased operating expenses from newly acquired subsidiaries, and diminished government grants for R&D in the PRC. The company advises shareholders and investors to exercise caution when dealing in its securities.
For further insights into HK:6929 stock, check out TipRanks’ Stock Analysis page.