EC HEALTHCARE announced its interim results for the six months ending September 30, 2024. During the period, revenue decreased by 2.8% to 2.063 billion HKD, mainly affected by the macroeconomic environment. Net profit surged by 88.1% to 40.3 million HKD, with basic earnings per share at 1.2 HKD cents. Revenue from Veterinary Services decreased by 3.7% to 1.264 billion HKD, while revenue from aesthetic medical and wellness services fell by 5.4% to 0.63 billion HKD. Revenue from veterinary and Other services grew by 18.9% to 0.169 billion HKD.The group actively responds to market challenges and has implemented various measures to enhance operational efficiency. This includes optimizing the operation of new service points, controlling headquarters costs, and managing interest expenses. At the same time, it strengthens B2B, B2I, and B2G business opportunities to enhance the connectivity...Show More

EC HEALTHCARE announced its interim results for the six months ending September 30, 2024. During the period, revenue decreased by 2.8% to 2.063 billion HKD, mainly affected by the macroeconomic environment. Net profit surged by 88.1% to 40.3 million HKD, with basic earnings per share at 1.2 HKD cents. Revenue from Veterinary Services decreased by 3.7% to 1.264 billion HKD, while revenue from aesthetic medical and wellness services fell by 5.4% to 0.63 billion HKD. Revenue from veterinary and Other services grew by 18.9% to 0.169 billion HKD.The group actively responds to market challenges and has implemented various measures to enhance operational efficiency. This includes optimizing the operation of new service points, controlling headquarters costs, and managing interest expenses. At the same time, it strengthens B2B, B2I, and B2G business opportunities to enhance the connectivity of the service network. The group also prudently manages operational funds, undertaking significant cost restructuring, including employee reductions and optimizing leases.Looking ahead, the group remains cautiously optimistic about the Hong Kong healthcare market. It will focus on three major areas to achieve profit growth: Business development, operational excellence, and digital transformation. The group will utilize a platform approach to create relevant products, enhance talent productivity and Asset utilization, and strengthen digital capabilities. At the same time, it will continue to seek strategic merger and acquisition opportunities, optimize the asset portfolio, and create long-term value for Shareholders.