Hygeia Healthcare Warns of Lower H1 Profit; Shares Slide 4%
MT Newswires Live
Aug 18
Hygeia Healthcare (HKG:6078) expects net profit for the six months ended June 30 to fall 34% to 39% year-on-year, an Aug.15 Hong Kong bourse filing said.
Shares of the healthcare firm were down over 4% in Monday's late-afternoon trade.
Revenue for the period is expected to decrease by about 15% to 17% compared with the same period last year.
The company attributed the forecast to industry-wide factors, including centralized procurement, DRG payment reforms, macroeconomic headwinds, and higher depreciation and amortization from newly opened hospitals.
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