MicroPort NeuroScientific (HKG:2172), formerly MicroPort NeuroTech, expects a profit of 236 million yuan to 270 million yuan for the year ended Dec. 31, representing an increase of 75% to 100% compared with the previous year, according to a Sunday filing with the Hong Kong bourse.
The company attributed the expected increase in profit to higher revenue due to increased hospital coverage and overseas revenue and the implementation of supply chain improvements and cost-saving measures boosting its operating efficiency.
The company's shares were up over 4% at the close of trade.
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