JINHAI MED TECH (02225) Issues Profit Warning, Expects After-Tax Loss of Approximately S$10.8 Million for First Half of 2025

Stock News08-26

JINHAI MED TECH (02225) announced that the group expects to record an after-tax loss of approximately S$10.8 million for the year ending June 30, 2025, compared to an after-tax loss of approximately S$6 million for the year ended June 30, 2024. The increased net loss for the first half of 2025 is primarily attributed to a decrease in the group's gross profit of approximately S$5 million, resulting from reduced operational revenue from the group's minimally invasive surgical solutions and medical products and related services, as well as dormitory services businesses.

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