Aoxin Q&M Dental H1 net profit down 44.3% at 2.7 million yuan

[SINGAPORE] Catalist-listed Aoxin Q&M Dental on Thursday (Aug 14) posted a 44.3 per cent fall in net profit to 2.7 million yuan (S$488,100) for the six months ended Jun 30, from 4.9 million yuan in the year-ago period.

This translated to a 44.8 per cent year-on-year decline in earnings per share to 0.0053 yuan from 0.0096 yuan.

Revenue for H1 stood at 86.8 million yuan, 4.6 per cent higher on the year from 83 million yuan.

This came on the back of higher revenue contributions from its distribution of dental equipment and supplies and laboratory services segments, which notched revenue growth of 12.6 per cent and 11.3 per cent, respectively, compared to the year-ago period. Its primary healthcare segment’s revenue inched up 0.6 per cent.

The group did not declare a dividend for the six months.

Shares of Aoxin ended Wednesday flat at S$0.05.