Yonghe Medical Group (HKG:2279) expects a maximum net loss of 246.2 million yuan for 2024, at least 55% narrower compared with a loss of 546.7 million yuan in 2023, a Tuesday bourse filing said.
The hair-related healthcare services company attributed the expected decrease to a growth in gross profit and gross profit margin due to improved operational efficiency, a reduction in marketing, general and administrative expenses, and improved customer conversion.
The company said it will report annual results by the end of March 2025.
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