"Profit Warning" NC HEALTHCARE expects to turn a loss of at least 60 million RMB in half a year

NC HEALTHCARE (01518.HK) issued a profit warning, expecting a loss of between RMB 60 million to 70 million for the six months ending in June, compared to a profit of RMB 25.2 million in the same period last year. The loss is mainly due to a decrease in demand for pediatric and obstetric services leading to reduced revenue; impairment losses on certain goodwill and other long-term assets; and the reversal of deferred tax assets