MedFirst Healthcare Services Inc (杏一), which operates healthcare supplies stores with medical consultation services, reported on Monday that its earnings rose 25 percent last quarter from a quarter earlier because of lower losses at shops that opened this year.
Net profit increased to NT$22.98 million (US$753,306) from NT$18.67 million the previous quarter, but were 4.01 percent lower than the NT$23.94 million recorded a year ago, the company’s stock exchange filing showed.
MedFirst, the nation’s largest medical store operator, opened 10 shops this year, raising its number of shops to 179.
These new locations helped revenue rise to NT$920.57 million last quarter, up 2.49 percent from NT$898.25 million the previous quarter and up 11.43 percent from NT$826.15 million a year earlier, it said.
This quarter, MedFirst is to open three shops in China and one shopping center in Beijing Tsinghua Chang Gung Hospital. The company has seven shops in China now: four in Shanghai, two in Nanjing and one in Xiamen.
Although the company’s shops in China were in the red for the past three quarters, losses declined 51 percent from a year ago, it said.
In addition, its operating expenditure slid to 28.05 percent of its revenue last quarter, from 28.29 percent the previous quarter and 28.77 percent in the first quarter.
MedFirst registered losses of NT$15 million for its Chinese operations last year. However, in addition to opening new shops, the firm is evaluating the possibility to partner with or take over Chinese firms for expansion in China.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
RSS