UMP Healthcare's profit drops 32.8% to $5.2m in FY2024

Meanwhile, total revenue increased by 2.9% YoY.

UMP Healthcare Holdings Limited’s profit attributable to shareholders fell by 32.8% year-on-year (YoY) to $5.2m (HK$40.64m) in FY2024.

According to the group, the decline is attributed to a reduction in operating profits, increased costs related to human resources, depreciation, and amortisation, as well as the write-off of an intangible asset amounting to $1.2m (HK$9.2m).

Meanwhile, UMP Healthcare’s total revenue increased by 2.9% YoY to $96.4m (HK$748.5m).

HK$1 = $0.13