Clarity Medical Group Forecasts Major Losses

Clarity Medical Group Holding Limited (HK:1406) has released an update.

Clarity Medical Group Holding Limited warns of a significant loss before tax for the fiscal year ending March 31, 2024, projecting a loss of approximately HK$79.0 million to HK$82.0 million, a substantial increase from the previous year. The company attributes this decline to a decrease in revenue due to economic downturn and competition, expected impairment losses from two medical centers, and increased expenses related to the opening of a new center. These figures are preliminary and subject to the finalization of the company’s annual financial results.

For further insights into HK:1406 stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.