bullish
Paramount Bed Holdings (7817 JP): In-Line Q1 Result; FY24 Guidance Reaffirmed
537 Views22 Sep 2023 22:43
SUMMARY
- In Q1FY24, Paramount Bed Holdings Co Lt (7817 JP) reported 7% YoY revenue growth to ¥24B, due to solid performance in the medical care and the nursing care businesses.
- Due to higher SG&A expenses, operating profit grew just 2% YoY to ¥3.3B. Net profit rose 7% YoY to ¥2.9B, mainly due to 13% YoY increase in foreign exchange gains.
- Paramount has reiterated FY24 guidance, which calls for 6% YoY revenue growth, 4% YoY operating profit growth, and 6% YoY growth in net profit.
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Rising
Tina Banerjee
Global Healthcare Analyst
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