MicroPort CardioFlow Medtech First Half 2024 Earnings: CN¥0.024 loss per share (vs CN¥0.076 loss in 1H 2023)

MicroPort CardioFlow Medtech (HKG:2160) First Half 2024 Results

Key Financial Results

• Revenue: CN¥223.1m (up 27% from 1H 2023).
• Net loss: CN¥56.5m (loss narrowed by 69% from 1H 2023).
• CN¥0.024 loss per share (improved from CN¥0.076 loss in 1H 2023).

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

MicroPort CardioFlow Medtech Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 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 up 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on MicroPort CardioFlow Medtech's balance sheet health.

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