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Profit Alert | Modern Dental Forecasts Last Year's Net Profit Increased by Up to 50%
Modern Dental (03600) reports profit growth, expecting a full-year net profit of HKD 590 million to HKD 610 million as of December 31 last year, representing a year-on-year increase of 45% to 49.9%.
The group expects last year’s revenue to be between HKD 3.675 billion and HKD 3.775 billion, up approximately 9.2% to 12.2% year-on-year, mainly driven by organic growth and the acquisition of Thailand’s largest dental laboratory completed in January last year.
As for EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), it is expected to increase by 29.8% to 34%, reaching HKD 920 million to HKD 950 million, benefiting from an increased proportion of digital solution projects, continuous improvement in operational efficiency, and currency fluctuations, including the appreciation of the euro against the Chinese yuan and Hong Kong dollar.