Kindstar Globalgene Technology to Swing to 2024 Loss

MT Newswires Live

2025/03/19

Kindstar Globalgene Technology (HKG:9960) expects to record a loss of between 55 million yuan and 65 million yuan for the year 2024, compared with a profit of 36.4 million yuan a year prior, a Wednesday filing with the Hong Kong bourse said.

The clinical testing company attributed the loss mainly to high credit-impaired losses, a loss from the fair value change on fund investments needing to be recognized, and an effect on its operating leverage and scale effect due to a slowdown in demand and market changes.

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