MediNet Group Full Year 2024 Earnings: HK$0.19 loss per share (vs HK$0.60 loss in FY 2023)

MediNet Group (HKG:8161) Full Year 2024 Results

Key Financial Results

• Revenue: HK$116.2m (up 5.3% from FY 2023).
• Net loss: HK$8.08m (loss narrowed by 68% from FY 2023).
• HK$0.19 loss per share (improved from HK$0.60 loss in FY 2023).

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

The primary driver behind last 12 months revenue was the Medical Business segment contributing a total revenue of HK$71.7m (62% of total revenue). Notably, cost of sales worth HK$96.9m amounted to 83% of total revenue thereby underscoring the impact on earnings.Explore how 8161's revenue and expenses shape its earnings.

MediNet Group's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with MediNet Group, and understanding them should be part of your investment process.

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