AK Medical Holdings Full Year 2023 Earnings: Misses Expectations

AK Medical Holdings (HKG:1789) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.09b (up 4.0% from FY 2022).
• Net income: CN¥182.1m (down 11% from FY 2022).
• Profit margin: 17% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.16 (down from CN¥0.18 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AK Medical Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are down 6.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of AK Medical Holdings' balance sheet and an in-depth analysis of the company's financial position.

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