TE HEALTHCARE (06877.HK): Expects Turnaround to Profit in Interim Period, Attributable Profit of Approximately HK$1 Million
NewTimeSpace News: TE Healthcare (06877.HK) issued a profit positive forecast and litigation update announcement. Based on preliminary assessment, the Group expects to record consolidated profit attributable to owners of the Company of approximately HK$1 million for the six months ended 30 June 2026, versus a loss of around HK$2.2 million in the corresponding period last year, representing a turnaround to profitability. The positive swing is mainly driven by revenue growth from expanded healthcare services and retail B2C business.
NewTimeSpace News: TE Healthcare(06877.HK) released an inside information announcement on 17 July 2026. Based on preliminary review of unaudited consolidated management accounts, the Group anticipates consolidated profit attributable to owners of the Company of roughly HK$1 million, compared with a loss of approximately HK$2.2 million for the corresponding period in 2025, marking a material turnaround to profitability.
The expected profit turnaround is primarily attributable to steady revenue growth of core healthcare business underpinned by expanded healthcare service offerings and retail B2C operations, which offset the adverse impact of litigation-related expenses incurred during the period.
In relation to litigation matters, the Company recently received correspondence from legal firm Shing Wui acting for the counterparty regarding claimed legal costs arising from the litigation. The claimed amount is disputed by the Company and yet to be adjudicated by the court. Should no settlement be reached between both parties, the sum will be quantified via formal court taxation proceedings. The Group’s healthcare operations continue as normal without disruption from the litigation.
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