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15 May 2025
AJJ Medtech Holdings Limited Starts 2025 Strong: Revenue and Gross Profit Climb, Quarterly Loss Significantly Reduced
Summary:
- AJJ Medtech Holdings Limited reported an increase in revenue by S$0.23 million, reaching S$0.94 million for the first quarter of 2025, driven by improved performance in its healthcare segments.
- Gross profit significantly increased by 62.7% to S$615,000 for the quarter.
- Administrative expenses decreased by S$0.34 million, contributing to the improved financial outcome.
- The Group reported a net loss of S$0.234 million in 1Q2025, a substantial improvement compared to a loss of S$0.77 million in the corresponding period of the previous year.
- Current assets increased by S$0.61 million, primarily due to increases in cash and receivables, while current liabilities also increased.