Shanghai Kindly Medical Instruments Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2019
February 14, 2020 at 02:09 pm IST
Shanghai Kindly Medical Instruments Co., Ltd. provided earnings guidance for the year ended December 31, 2019. For the year, the company expects an increase in net profit of over 55% for the year ended December 31, 2019 as compared to the year ended December 31, 2018. The expected increase in net profit of the Group is primarily attributed to: (i) the increase in revenue of the Group for the year ended December 31, 2019; and (ii) the optimization of products structure of the Group with allocation of more resources to the manufacturing and sales of interventional products which have a higher profit margin.