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Yestar Healthcare Projects Significant Profit Turnaround for FY2024

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Yestar Healthcare Projects Significant Profit Turnaround for FY2024

The latest announcement is out from Yestar Healthcare Holdings Co Ltd ( (HK:2393) ).

Yestar Healthcare Holdings Co Ltd has announced a positive profit alert, expecting to report a consolidated net profit of at least RMB880 million for the fiscal year 2024, a significant turnaround from the previous year’s net loss of approximately RMB1.3 million. This improvement is attributed to gains from the redemption of senior notes, reduced finance costs, and a reversal of impairment loss on financial assets, although partially offset by increased impairment losses on other assets. The final audited results will be released on March 28, 2025.

More about Yestar Healthcare Holdings Co Ltd

Yestar Healthcare Holdings Co Ltd is a company incorporated in the Cayman Islands, operating in the healthcare industry. It focuses on providing healthcare-related products and services, with a market presence that includes various subsidiaries.

YTD Price Performance: 20.0%

Average Trading Volume: 1,403,090

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$177.1M

Learn more about 2393 stock on TipRanks’ Stock Analysis page.

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