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The latest update is out from Wai Yuen Tong Medicine Holdings Limited ( (HK:0897) ).
Wai Yuen Tong Medicine Holdings Limited has announced a positive profit alert, indicating a financial turnaround from a loss of approximately HK$15.4 million in the previous year to a projected profit of up to HK$15.0 million for the financial year ending March 31, 2025. This improvement is attributed to reductions in impairment loss on property, plant, and equipment, fair value loss of investment properties, and finance costs, despite an increase in marketing expenses. The final results are pending confirmation by independent auditors, and stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Wai Yuen Tong Medicine Holdings Limited
Wai Yuen Tong Medicine Holdings Limited is a company incorporated in Bermuda, primarily engaged in the pharmaceutical industry. The company focuses on the production and sale of traditional Chinese medicine products and health supplements, serving a market that values holistic and natural health solutions.
Average Trading Volume: 451,964
Technical Sentiment Signal: Buy
Current Market Cap: HK$388.2M
See more insights into 0897 stock on TipRanks’ Stock Analysis page.