OrbusNeich Medical Group Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

OrbusNeich Medical Group Holdings (HKG:6929) Full Year 2024 Results

Key Financial Results

• Revenue: US$164.1m (up 6.6% from FY 2023).
• Net income: US$39.7m (down 12% from FY 2023).
• Profit margin: 24% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.048 (down from US$0.054 in FY 2023).

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

OrbusNeich Medical Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are up 1.4% 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 OrbusNeich Medical Group Holdings' balance sheet and an in-depth analysis of the company's financial position.

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