M+ Online
22nd February 2023

Stock Digest - Nova Wellness Group Bhd - Softer Growth Dragged Margins

YoY, core net profit fell 16.6% YoY to RM3.7m, primarily resulted from (i) lower contribution from OEM segment that outweighed the slight increase contribution from House Brand segment, (ii) increase in administrative expenses resulting from annual bonus provisions and employee benefit expenses for share options, and (iii) increase in amortisation of research and development cost as a result of new products launched.

View Document
Ready to start trading?

Open an Account with M+ Online and begin your investment journey today

Register Now
Recent Posts