Modern Chi Med Group issues a profit warning, expecting interim profit attributable to shareholders to be no less than HKD 2 million, turning from loss to profit year-on-year
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MODERN CHI MED expects that the interim profit attributable to shareholders for the period ending June 30, 2025, will not be less than HKD 2 million, achieving a turnaround from a loss of HKD 6.9 million in the same period of 2024. The improvement in performance is mainly attributed to a significant reduction in losses from the disposal of properties, plants, and equipment, although revenue is expected to decrease by 15% to 20% due to intense industry competition
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