Zhitong Finance App News, Joint Medical (00722) announced that despite a moderate increase in earnings, it is expected that the unaudited comprehensive profit due to company owners for the six months ending 31 December 2023 will be approximately HK$15 million, a decrease of about 64.7% from the unaudited comprehensive profit of HK$42.5 million due to company owners for the six-month period ending 31 December 2022.
According to the announcement, the reduction in unaudited comprehensive profit attributable to company owners is mainly due to the following factors: (1) service costs increased in the 2023/24 interim period compared to the mid-2022/23 period, including professional service costs and consumed inventory costs; (2) increased human resources costs and rent, mainly in line with the two new imaging centers that opened in February and May 2023 and are in their infancy; and (3) increased depreciation expenses related to medical equipment capital investments in newly opened medical and imaging centers.