Modern Healthcare Technology Expects Return to Profit in Fiscal H1; Shares Gain 3%
MT Newswires Live
Nov 24
Modern Healthcare Technology (HKG:0919) expects to post a profit of at least HK$5 million for the six months ended Sept. 30, reversing a loss of about HK$16 million a year earlier, according to a Sunday Hong Kong bourse filing.
Shares of the firm were up nearly 3% in Monday morning trade.
The improvement was primarily attributed to leaner operations and reduced labor costs, according to the filing.
Modern Healthcare is finalizing its results, which are due by the end of November.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.