To conserve cash, Q&M reduced its interim dividend per share (DPS) to 0.16 cents, down from 0.4 cents the year before.
Shares in Q&M Dental (SGX:QC7
) are “searching for the bottom”, says Maybank Securities analyst Eric Ong, after the dental healthcare group posted results for 1HFY2023 ended June that missed consensus forecasts.
The group’s 1HFY2023 net profit of $5.3 million, down 46% y-o-y, missed both Maybank and consensus expectations. While its core healthcare business remains resilient, this was offset by weakening ringgit for its Malaysian operations, higher finance costs and less contribution from medical laboratories, notes Ong.
