Genertec Universal Medical Group Records 5.1% Higher Attributable Profit, 1.2% Higher Revenue for Nine Months to September

MT Newswires Live2024-10-31

Genertec Universal Medical Group (HKG:2666) profit attributable to owners of the parent rose 5.1% year-over-year in the nine months ended Sept. 30, while revenue increased 1.2% from the year-ago period, a Thursday Hong Kong bourse filing said.

The company's profit from the life cycle management of the medical equipment business amounted to 49.6 million yuan for the period, 263.8% higher year-on-year, while the revenue increased by 515.1% year-on-year to 423.3 million.

The company's affiliated institutions saw a year-on-year increase of 4.9% in outpatient and emergency visits, the number of discharged patients rose 6.7% over the last year, and the average hospital stay dropped to 9.8 days during the reporting period.

During this period, the company acquired and integrated Shandong University of Traditional Chinese Medicine Affiliated Ophthalmic Hospital and Shan Dong JB SoftInfo Technology. The group has also been officially included in the Hang Seng Healthcare Index.

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