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Recently listed Niks Professional posts 39% drop in FY2023 earnings to $1.7 mil

Samantha Chiew
Samantha Chiew • 3 min read
Recently listed Niks Professional posts 39% drop in FY2023 earnings to $1.7 mil
Lacklustre China sales brings down Niks Professional's FY2023 earnings. Photo: Niks Professional
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Family practice dermatology and aesthetic medical services provider Niks Professional announce that its FY2023 ended Dec 31, 2023 earnings declined by 39.0% y-o-y to $1.7 million, compared to $2.8 million a year ago.

This is the group’s first final year results report as a SGX-listed company. The group went public in October 2023. Its IPO was priced at 23 cents per share.

Excluding one-off IPO-related expenses and income, FY2023 adjusted net profit would have been $2.47 million, as compared to $3.15 million for FY2022, a decline of 21.4%.

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