AMCO UNITED Projects Turnaround with Estimated HK$59 Million Annual Profit

Stock News
Mar 19

AMCO UNITED (00630) announced that the group expects to record a profit of approximately HK$59 million for the year ending December 31, 2025. This represents a significant improvement compared to a loss of about HK$1 million for the year ended December 31, 2024. The turnaround in profitability is primarily attributed to an increase in revenue from approximately HK$38 million in the year ended December 31, 2024, to about HK$68 million in the year ending December 31, 2025. This growth follows the group's expansion of its product portfolio to include a broader range of medical equipment during the year. Additionally, the result was supported by a fair value gain of approximately HK$50 million on financial assets measured at fair value through profit or loss, and a net reversal of impairment losses of about HK$10 million recognized under the expected credit loss model for the year ending December 31, 2025.

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