KUALA LUMPUR: Alpha IVF Group Bhd expects the progressive rollout of new centres to drive stronger growth, reinforcing its position as a leading regional fertility specialist.
It noted that near-term earnings may be impacted by upfront costs from new centre openings and expansion, but expects performance to improve gradually as these centres mature and utilisation rates increase.
Alpha IVF said newly established full-fledged in vitro fertilisation (IVF) centres in Sabah and Manila have shown an encouraging start and are expected to contribute more meaningfully going forward.
In the third quarter ended Feb 28, Alpha IVF’s net profit rose 4.63% to RM12.4mil, or an earnings per share of 0.26 sen, bringing its nine-month profit to RM39.7mil, or 0.82 sen.
Quarterly revenue rose 16.1% to RM47.1mil, lifting its nine-month revenue 15.5% higher to RM146.5mil.
