{"id":31427,"date":"2023-06-09T16:33:49","date_gmt":"2023-06-09T08:33:49","guid":{"rendered":"https:\/\/umedic.com.my\/Stagging2025\/?p=31427"},"modified":"2023-07-27T16:45:57","modified_gmt":"2023-07-27T08:45:57","slug":"umedic-q3-financial-results-improve","status":"publish","type":"post","link":"https:\/\/umedic.com.my\/Stagging2025\/umedic-q3-financial-results-improve\/","title":{"rendered":"UMediC Q3 financial results improve"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<div class=\"navigation-top pb-20 pt-20\">\n<div class=\"d-sm-flex justify-content-between\">\n<div dir=\"auto\">PETALING JAYA: Umedic Group Bhd recorded a 48% year-on-year (y-o-y) increase in revenue to RM9.6mil and a 58% y-o-y rise in net profit to RM2.03mil or an earnings per share of 0.54 sen for its third quarter ended April 30, 2023.<\/div>\n<\/div>\n<div dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-31429 aligncenter\" src=\"https:\/\/umedic.com.my\/Stagging2025\/wp-content\/uploads\/2023\/07\/2115385-1-300x200.jpg\" alt=\"\" width=\"501\" height=\"334\" srcset=\"https:\/\/umedic.com.my\/Stagging2025\/wp-content\/uploads\/2023\/07\/2115385-1-300x200.jpg 501w, https:\/\/umedic.com.my\/Stagging2025\/wp-content\/uploads\/2023\/07\/2115385-1-480x320.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 501px, 100vw\" \/><\/div>\n<\/div>\n<div dir=\"auto\">In a filing with Bursa Malaysia yesterday, the medical services provider noted the increase in revenue and profit was attributed to higher demand for medical devices and consumables from both public and private hospitals as well as healthcare service providers.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div dir=\"auto\">&nbsp;<\/div>\n<div dir=\"auto\"><a href=\"https:\/\/www.thestar.com.my\/business\/business-news\/2023\/06\/08\/umedic-q3-financial-results-improve?fbclid=IwAR0qEx9G9pLYwOscU9onsrMQ_wa8Q6qN7FBULVglyVulm6tfblPiocZu9es\">https:\/\/www.thestar.com.my<\/a><\/div>\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<div class=\"navigation-top pb-20 pt-20\">\n<div class=\"d-sm-flex justify-content-between\">\n<div dir=\"auto\">&nbsp;<\/div>\n<div dir=\"auto\">&nbsp;<\/div>\n<pre class=\"mceTemp\">&nbsp;<\/pre>\n<\/div>\n<\/div>\n<div class=\"navigation-top pb-20 pt-20\">\n<div class=\"d-sm-flex justify-content-between\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PETALING JAYA: Umedic Group Bhd recorded a 48% year-on-year (y-o-y) increase in revenue to RM9.6mil and a 58% y-o-y rise in net profit to RM2.03mil or an earnings per share of 0.54 sen for its third quarter ended April 30, 2023. In a filing with Bursa Malaysia yesterday, the medical services provider noted the increase [&hellip;]<\/p>\n","protected":false},"author":129,"featured_media":28859,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\r\n<div class=\"field-items\">\r\n<div class=\"field-item even\">\r\n<div class=\"navigation-top pb-20 pt-20\">\r\n<div class=\"d-sm-flex justify-content-between\">\r\n<h2>UMediC Group Berhad (<a class=\"company-report-links\" href=\"https:\/\/simplywall.st\/stocks\/my\/healthcare\/klse-umc\/umedic-group-berhad-shares\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"intro\">KLSE:UMC<\/a>) Second Quarter 2023 Results<\/h2>\r\n<h3>Key Financial Results<\/h3>\r\n<ul>\r\n \t<li>Revenue: RM12.5m (up 69% from 2Q 2022).<\/li>\r\n \t<li>Net income: RM2.91m (up 412% from 2Q 2022).<\/li>\r\n \t<li>Profit margin: 23% (up from 7.7% in 2Q 2022). The increase in margin was driven by higher revenue.<\/li>\r\n \t<li>EPS: RM0.008 (up from RM0.002 in 2Q 2022).<\/li>\r\n<\/ul>\r\n<img class=\"alignnone  wp-image-30571\" src=\"https:\/\/umedic.com.my\/Stagging2025\/wp-content\/uploads\/2023\/03\/1678314502559-300x191.png\" alt=\"\" width=\"479\" height=\"305\">\r\n\r\n<i>All figures shown in the chart above are for the trailing 12 month (TTM) period<\/i>\r\n<h3>UMediC Group Berhad Earnings Insights<\/h3>\r\nLooking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in Malaysia.\r\n\r\n<i><a class=\"company-report-links\" href=\"https:\/\/simplywall.st\/markets\/my\/healthcare\/healthcare-services\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"industry\">Performance of the\u00a0<strong>Malaysian Healthcare industry.<\/strong><\/a><\/i>\r\n\r\nThe company's shares are up 12% from a week ago.\r\n<h3>Risk Analysis<\/h3>\r\nWhat about risks? Every company has them, and we've spotted\u00a0<a class=\"company-report-links\" href=\"https:\/\/simplywall.st\/stocks\/my\/healthcare\/klse-umc\/umedic-group-berhad-shares\" target=\"_blank\" rel=\"noopener noreferrer\" data-vars-link-type=\"conclusion\"><strong>2 warning signs for UMediC Group Berhad\u00a0<\/strong><\/a>(of which 1 is a bit concerning!) you should know about.\r\n\r\nArticles from <a href=\"https:\/\/simplywall.st\/stocks\/my\/healthcare\/klse-umc\/umedic-group-berhad-shares\/news\/umedic-group-berhad-second-quarter-2023-earnings-eps-rm0008\">SimplyWall<\/a>\r\n\r\n<\/div>\r\n<\/div>\r\n<section class=\"single-post-content clearfix\"><\/section><\/div>\r\n<\/div>\r\n<\/div>","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[241,240,239,170,177,197],"class_list":["post-31427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-earningspershare","tag-netprofit","tag-revenue","tag-umc","tag-umedic","tag-umedicgroupberhad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UMediC Q3 financial results improve - UMediC Group Berhad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/umedic.com.my\/Stagging2025\/umedic-q3-financial-results-improve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UMediC Q3 financial results improve - UMediC Group Berhad\" \/>\n<meta property=\"og:description\" content=\"PETALING JAYA: Umedic Group Bhd recorded a 48% year-on-year (y-o-y) increase in revenue to RM9.6mil and a 58% y-o-y rise in net profit to RM2.03mil or an earnings per share of 0.54 sen for its third quarter ended April 30, 2023. 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