Sinohealth Warns of Up to 46% Plunge in H1 Profit

MT Newswires Live07-23

Sinohealth (HKG:2361) expects a 36% to 46% decline in attributable profit for the six months ended June 30 from 41.7 million yuan a year prior, a Wednesday Hong Kong bourse filing said.

The healthcare solutions provider attributed the anticipated lower profit mainly to an increased investment in AI R&D, lower government subsidies received, higher exchange losses, and reduced interest income.

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