Commentary:

Highlight of 2024/2025 interim report:

EC Healthcare's 2024 half-yearly report, for the six months ended September 30, 2024, shows a revenue of HK$2,063 million, down 2.8 % year-on-year, but with improved profitability.

EBITDA increased by 18.8% to HK$248 million, and net profit was HK$40.3 million, with earnings per share up 100% to 1.2 HK cents.

The company declared an interim dividend of 1.0 HK cents per share.

The interim report indicates a revenue of HK$2,063 million for the period, reflecting a 2.8% decrease compared to the previous year. Despite this, profitability saw significant growth, with EBITDA rising 18.8% to HK$248 million and a net profit of HK$40.3 million. The EBITDA margin improved to 12.0%, up by 2.2 percentage points year-on-year, showcasing enhanced operational efficiency.

Some other highlights:

Net profit margin improved to 2.0% from 1.0% YoY.

Medical Services: HK$1,264,266,000 (61.3% of total, down 3.7% YoY) .

Aesthetic Medical, Beauty and Wellness: HK$629,762,000 (30.5% of total, down 5.4% YoY) .

Veterinary and Other Services: HK$168,869,000 (8.2% of total, up 18.9% YoY) .

The "Management Discussion and Analysis" section attributes the overall revenue decline to macroeconomic challenges and weakened consumption in Hong Kong and Mainland China, with varying impacts across segments. The Veterinary and Other Services segment saw growth, offsetting some declines in medical and aesthetic services.

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