bullish
Medipal Holdings (7459 JP): Started FY24 On a Strong Note with Accelerated Revenue
378 Views04 Sep 2023 22:09
SUMMARY
- Medipal Holdings (7459 JP) announced strong Q1FY24 result, with a 6% YoY revenue growth to ¥887B, driven by growth across all three business segments.
- However, operating profit declined 8% YoY to ¥12B, mainly due to increase in SG&A expenses. Driven by an extraordinary income of ¥3.3B, net profit jumped 35% YoY to ¥11B.
- The company has reaffirmed FY24 guidance, which calls for a 4.5% YoY revenue growth, flat operating profit, and a 9.3% YoY decline in net profit.
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Rising
Tina Banerjee
Global Healthcare Analyst
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- Medipal Holdings (7459 JP): Mixed FY24 Result; Growth to Continue in FY25; Buyback Plan Announced15 Jun 2024
- Suzuken Co Ltd (9987 JP): Better-Than-Expected Q1FY24 Result; Full Year Guidance Reiterated12 Oct 2023
- Medipal Holdings (7459 JP): Better-Than-Expected FY23 Result; Accelerated Growth Expected in FY2418 May 2023
- Medipal Holdings (7459 JP): Disappointing FY23 Guidance and Challenging Business Environment18 May 2022
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