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CCM - Concord Medical Services 2012 Net Income CNY 136 Mn

|Includes:Concord Medical Services Holdings Limited (CCM)
Prepared by ChinaScope Financial | Source: Company Disclosure
  • Concord Medical Services Holdings (CCM: NYSE) reported on March 20 that in the fourth quarter of 2012 (12Q4), company net revenue amounted to CNY 223 million, or USD 35.8 million, up 95.1 percent year-on-year (YoY). Of the total net revenue, USD 18.8 million was contributed by the network business and USD 17 million was derived from Chang'an Hospital. Company net income for 12Q4 was CNY 33.6 million, or USD 5.4 million, a turnaround from the net loss of CNY 310 million, or USD 49.3 million, for 11Q4.
  • In 2012, Concord Medical Services generated total net revenue of CNY 672 million, or USD 108 million, up 49.3 percent YoY. Company net income for 2012 was CNY 136 million, or USD 21.9 million, an improvement from the net loss of CNY 211 million for 2011.
  • Concord Medical Services expects to generate total net revenue of CNY 930-980 million in 2013, representing a YoY increase of 38-45 percent.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: CCM