MODERN DENTAL (03600) rose more than 12% at the end of the session. As of press release, it rose 11.45% to HK$4.77, with a turnover of HK$165.161,000.
The Zhitong Finance App learned that MODERN DENTAL (03,600) rose more than 12% at the end of the session. As of press release, it had risen 11.45% to HK$4.77, with a turnover of HK$165.161,000.
According to the news, MODERN DENTAL previously announced its annual results. The group achieved revenue of HK$3.172 billion during the period, an increase of 12.08% over the previous year; profit attributable to shareholders was HK$404 million, an increase of 83.3% over the previous year. According to the announcement, the increase in revenue was mainly due to the increase in market share driven by the digital trend in the dental industry, which was partly offset by the development of volume procurement for dental implant treatment in mainland China.
The Zhitong Finance App pointed out in “MODERN DENTAL (03600), where net profit surged by 80% year on year, and is supported by the “denture business” in Europe and America, that currently over 60% of the world's dentures are produced in China, and the number of domestic denture processing companies has exceeded 4,000. Currently, MODERN DENTAL mainly focuses on overseas markets. The company continues to acquire and acquire an international layout in Europe, North America, Australia and other regions, accounting for nearly 80% of overseas revenue. Thanks to the stability and growth of the overseas denture repair market, the total revenue from fixed denture equipment and removable denture equipment accounts for more than 90% of the total revenue of MODERN DENTAL, which is its current core revenue source.