New Century Healthcare (HKG:1518) expects to have recorded an attributable profit of between 35 million yuan and 50 million yuan in 2024, down from 84.2 million yuan a year prior, a Monday filing by the healthcare provider with the Hong Kong bourse said.
The company attributed the anticipated profit slump to a sharp drop in demand for its pediatric internal medicine services in 2024.
In 2023, New Century Healthcare said it experienced a surge in patient volume driven by a widespread outbreak of pediatric infections. However, this momentum has not been sustained last year.
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.