Summary by Moomoo AI
Modern Dental Group Limited (the "Company") announces its interim financial report for the six months ended June 30, 2024. The Group is a global leading supplier of dental prosthetic materials, focusing on providing customized dentures. During the reporting period, despite the challenging macroeconomic environment, the Group has successfully seized market opportunities and demonstrated its superior ability to outperform its competitors through multidimensional strategies and comprehensive product portfolio. Revenue amounted to HKD 1,701,831,000, an increase of 6.3% compared to the same period last year. The gross margin was approximately 53.7%, slightly lower than the 54.2% in the same period last year. Net profit for the period was approximately HKD 214,355,000, an increase of 1.9% compared to the same period last year. The Group declared an interim dividend of 8.0 HK cents per ordinary share. During the reporting period, the Group continued to invest in digital transformation and expanded production facilities in Vietnam and Dongguan to improve market positioning and production capacity.
