Shanghai MicroPort MedBot Expects H1 Loss to Narrow; Shares Fall 1%
MT Newswires Live
Jul 18
Shanghai MicroPort MedBot (Group) (HKG:2252) said it expects its H1 loss to narrow by more than 40% year over year, according to a Hong Kong bourse filing Thursday.
Shares of the surgical robot manufacturer fell 1% in morning trade Friday.
The company expects to post a loss of up to 125 million yuan for the six months ended June 30, narrowing from the 218 million yuan loss posted in the corresponding period of 2024.
Meanwhile, the company expects revenue for the half to rise by 70% to 80% year over year.
The company expects to report its financial results by the end of August.
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