Summary by Moomoo AI
Modern Dental Group Limited announced its interim performance for the six months ended June 30, 2024. Despite macroeconomic challenges, the group achieved revenue growth through multidimensional strategies and a comprehensive product portfolio. The revenue for the period was approximately 1.7 billion Hong Kong dollars, an increase of 6.3% year-on-year; gross profit was approximately 0.914 billion Hong Kong dollars, a 5.4% increase; EBITDA was approximately 0.376 billion Hong Kong dollars, a 1.6% increase; and net profit was approximately 0.214 billion Hong Kong dollars, a 1.9% increase. The company declared an interim dividend of 8.0 Hong Kong cents per ordinary share, an increase from the same period last year. The dividend will be paid on October 10, 2024. In addition, the company repurchased and cancelled some shares during the period to increase the net asset value and profitability per share. Modern Dental Group is actively expanding its production capacity and investing in digital transformation to enhance market competitiveness.
