MediNet Group Limited has issued a positive profit alert, indicating an expected profit before taxation of no more than HK$8.1 million for the year ending 31 March 2025. This marks a significant turnaround from the previous year's loss before taxation of approximately HK$8.0 million. The improvement is primarily attributed to a gain of around HK$12.8 million from the disposal of a subsidiary and a substantial reduction in medical and dental supply costs by approximately HK$3.5 million, resulting from effective cost control measures. The board advises shareholders and potential investors to exercise caution when dealing in the company's shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medinet Group Ltd. published the original content used to generate this news brief on June 16, 2025, and is solely responsible for the information contained therein.