Stock Movement | Modern Dental Up 15% Expected to Earn Over 45% More Last Year

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Modern Dental (03600) reported a profit growth of over 45% last year, with the stock price rising up to 17.4%, reaching a high of HKD 6.76.

As of 10:38 a.m., the stock was at HKD 6.65, up 15.5%, with a turnover of HKD 23.7 million.

The company expects net profit for the year ending last year to be between HKD 590 million and HKD 610 million, representing a year-on-year increase of 45% to 49.9%.

The group anticipates revenue for last year to be between HKD 3.675 billion and HKD 3.775 billion, up approximately 9.2% to 12.2% year-on-year, mainly driven by natural growth and the acquisition of Thailand’s largest dental laboratory completed in January last year.

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