Yiju Medical (06929) released its six-month performance report ending on June 30, 2024, with revenue of $78.91 million...
Yiju Medical (06929) released its six-month performance report ending on June 30, 2024, with revenue of $78.91 million, a 3.1% decrease year-on-year; the net profit attributable to shareholders of the company was $18.828 million, a 25.2% decrease year-on-year; and the basic earnings per share was 2.28 cents.
The decrease in net profit attributable to shareholders of the company was mainly due to the decrease in sales of the Scoring Balloon with higher average selling prices in the Chinese and US markets, resulting in a decrease in gross profit; the acquisition of a subsidiary in December 2023 resulted in an increase in operating expenses; and there was a decrease in government subsidies for R&D activities in the six months ended June 30, 2024.
