Back 15 May 2025

AJJ Medtech Holdings Limited Starts 2025 Strong: Revenue and Gross Profit Climb, Quarterly Loss Significantly Reduced

Link: https://links.sgx.com/1.0.0/corporate-announcements/7WZF403LFD0KM45Q/7467e7773cdd93c22f12405ecb10da438569dfbbe91553a9d5683d6d1781ae82

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.