Summary by Futu AI
Modern Dental Group Limited (the 'Company') announces its interim financial report for the six months ended 30 June 2024. The Group is a global leading supplier of dental prosthetic devices, focusing on providing customized dentures. During the reporting period, despite the challenging macroeconomic environment, the Group has successfully seized market opportunities and demonstrated its ability to outperform its competitors through multidimensional strategies and a comprehensive product portfolio. The revenue is approximately HKD 1,701,831,000, an increase of 6.3% compared to the same period last year. The gross margin is approximately 53.7%, slightly lower than the 54.2% in the same period last year. The net profit for the period is approximately HKD 214,355,000, an increase of 1.9% compared to the same period last year. The Group declares an interim dividend of HKD 0.08 per ordinary share. During the reporting period, the Group continues to invest in digital transformation and has established production facilities in Vietnam and Dongguan to improve market positioning and production capacity.