iKang Healthcare Group, Inc. (“iKang” or the “Company”) (Nasdaq:KANG), major provider in China’s fast growing private preventive healthcare services market, today announced its unaudited financial results for the fiscal third quarter ended December 31, 2016.

Fiscal Third Quarter Ended December 31, 2016 Financial Highlights

  • Net revenues were US$154.6 million, an increase of 16.2% year-over-year (an increase of 24.2% on RMB basis) (1) 
  • Gross profit was US$73.1 million, an increase of 8.2% year-over-year (an increase of 15.7% on RMB basis) (1) 
  • Operating income was US$26.9 million, an increase of 10.2% year-over-year (an increase of 17.8% on RMB basis) (1)
  • Net income attributable to the Company was US$14.0 million, a decrease of 30.7% year-over-year (a decrease of 25.9% on RMB basis) (1) 
  • Non-GAAP net income attributable to the Company(2) was US$14.5 million, a decrease of 30.0%  year-over-year (a decrease of 25.1% on RMB basis) (1) 
  • Basic and diluted income per ADS attributable to common shareholders were US$0.21 and US$0.20, respectively, as compared to US$0.29 and US$0.29, respectively, in the fiscal third quarter of 2015
  • Non-GAAP basic and diluted income per ADS(3) attributable to common shareholders were US$0.21 and US$0.21, respectively, as compared to US$0.30 and US$0.30, respectively, in the fiscal third quarter of 2015

Fiscal Nine Months Ended December 31, 2016 Financial Highlights

  • Net revenues were US$375.6 million, an increase of 18.1% year-over-year (an increase of 25.3% on RMB basis) (1) 
  • Gross profit was US$172.0 million, an increase of 10.8% year-over-year (an increase of 17.6% on RMB basis) (1)
  • Operating income was US$48.1 million, a decrease of 12.3% year-over-year (a decrease of 6.5% on RMB basis) (1)
  • Net income attributable to the Company was US$22.0 million, a decrease of 48.2% year-over-year (a decrease of 44.6% on RMB basis) (1) 
  • Non-GAAP net income attributable to the Company(2) was US$23.5 million, a decrease of 46.6% year-over-year (a decrease of 43.0% on RMB basis) (1)
  • Basic and diluted income per ADS attributable to common shareholders were US$0.32 and US$0.32, respectively, as compared to US$0.62 and US$0.61, respectively, in the first fiscal nine months of 2015
  • Non-GAAP basic and diluted income per ADS(3) attributable to common shareholders were US$0.35 and US$0.34, respectively, as compared to US$0.64 and US$0.63, respectively, in the first fiscal nine months of 2015

(1) RMB basis refers to the year on year comparison made on local currency – Chinese Renminbi basis.(2) Non-GAAP net income attributable to the Company is defined as net income attributable to the Company excluding share-based compensation expenses. For more information on these non-GAAP financial measures, please see the section captioned under “Non-GAAP Financial Measures” and the tables captioned “Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this release.(3) Non-GAAP basic and diluted earnings per ADS is defined as non-GAAP net income divided by the weighted average number of basic and diluted ADS.

Mr. Lee Ligang Zhang, Chairman and Chief Executive Officer of iKang, commented on the results. “I am very pleased to report another quarter of very solid revenue growth at 24.2% and first three quarters revenue growth at 25.3% (on RMB basis) in spite of general economic slowdown in China. ‎Our growth momentum has been driven by the continuous investment in expanding our nationwide network coverage and optimizing the operational efficiency of each operating medical center.”

“In this quarter, we continued to ramp up the acquired medical centers while expanding our network with investments in self-built.  The results have been pleasing as we have opened 20 new medical centers and entered eight new cities since December 31, 2015, bringing a total of 104 medical centers in 32 cities as of today.”

Mr. Zhang concluded, “The management is fully committed to continue the strategic imperatives to maintain growth momentum for our core business while setting priorities to drive the next phase of growth.”

FISCAL THIRD QUARTER ENDED DECEMBER 31, 2016 UNAUDITED FINANCIAL RESULTS

Net RevenuesNet revenues for the fiscal third quarter were US$154.6 million, representing a 16.2% increase from US$133.0 million in the same period of the last fiscal year. On RMB basis, the revenue growth was 24.2%. As of December 31, 2016, the number of self-owned medical centers totaled 104 compared to 84 as of December 31, 2015. In this quarter, the Company served approximately a total of 1.98 million customer visits under both corporate and individual programs, representing an increase of 20.5% over the fiscal third quarter of 2015.

The table below sets forth a breakdown of net revenues:

(US$ million) 3rd Fiscal Quarter Ended December 31, 2016 3rd Fiscal Quarter Ended December 31, 2015 YoY % Change
Medical Examinations 129.3 113.3 14.2 %
Disease Screening 12.7 9.9 28.1 %
Dental Services 3.2 2.0 60.9 %
Other Services 9.3 7.8 19.1 %
Total 154.6 133.0 16.2 %
         

Medical Examinations: Net revenues for the quarter were US$129.3 million, representing a 14.2% increase from US$113.3 million in the same period of the last fiscal year.

Disease Screening: Net revenues for the quarter were US$12.7 million, representing a 28.1% increase from US$9.9 million in the same period of the last fiscal year. Disease screening services refer to the additional services requested by individuals under the basic corporate medical examination programs as a result of individual needs. 

Dental Services: Net revenues for the quarter were US$3.2 million, representing a 60.9% increase from US$2.0 million in the same period of the last fiscal year.

Other Services: Net revenues for the quarter were US$9.3 million, representing a 19.1% increase from US$7.8 million in the same period of the last fiscal year.

Cost of RevenuesCost of revenues for the quarter was US$81.4 million, representing a 24.5% increase from US$65.4 million in the same period of the last fiscal year.

Gross Profit and Gross MarginGross profit for the quarter was US$73.1 million, representing an 8.2% increase from US$67.6 million in the same period of the last fiscal year. Gross margin for the quarter was 47.3%, as compared to 50.8% in the third quarter of the last fiscal year. Gross margin was diluted mainly due to the addition of newly acquired and self-built medical centers which have lower gross margins due to the ramp up.

Operating ExpensesTotal operating expenses for the quarter were US$46.2 million, representing a 7.0% increase from US$43.2 million in the same period of the last fiscal year.  

Selling and marketing expensesSelling and marketing expenses for the quarter were US$21.5 million, accounting for 13.9% of total net revenues as compared to 15.2% in the same period of the last fiscal year.

General and administrative expensesGeneral and administrative expenses for the quarter were US$23.9 million, accounting for 15.4% of total net revenues as compared to 16.5% in the same period of the last fiscal year. 

Research and development expensesResearch and development expenses for the quarter were US$850,000, accounting for 0.6% of total net revenues as compared to 0.8% in the same period of the last fiscal year.

Income from OperationsIncome from operations for the quarter was US$26.9 million, representing a 10.2% increase from US$24.4 million in the same period of the last fiscal year. On RMB basis, the increase was 17.8%, which was in line with our revenue growth.  Excluding share-based compensation expenses of US$0.5 million for both this quarter and the same quarter last year, non-GAAP income from operations for the quarter was US$27.4 million as compared to US$24.9 million, which reflected an increase of 10.0%.

Interest ExpenseInterest expense for the quarter was US$4.4 million as compared to US$768,000 in the same period in the last fiscal year.  The increase was mainly due to the addition of accrued expense for the borrowings totaled at approximately US$202 million, which were borrowed in December 2015.

Loss from Equity Method InvestmentsLoss from equity method investments for the quarter was US$2.9 million, which mainly represented the loss picked up from our equity investments.

Net Income       Net income attributable to the Company for the quarter was US$14.0 million, representing a decrease of 30.7% from US$20.3 million in the same period of the last fiscal year. 

Non-GAAP net income for the quarter was US$14.5 million, representing a decrease of 30.0% from US$20.7 million in the same period of the last fiscal year.

Basic and Diluted Earnings per ADSBasic and diluted income per ADS attributable to common shareholders were US$0.21 and US$0.20, respectively, as compared to US$0.29 and US$0.29, respectively, in the fiscal third quarter of 2015.

Non-GAAP basic and diluted income per ADS attributable to common shareholders were US$0.21 and US$0.21, respectively, as compared to US$0.30 and US$0.30, respectively, in the fiscal third quarter of 2015.

FIRST FISCAL NINE MONTHS ENDED DECEMBER 31, 2016 UNAUDITED FINANCIAL RESULTS

Net RevenuesNet revenues for the first fiscal nine months were US$375.6 million, representing 18.1% increase from US$318.0 million in the same period of the last fiscal year. On RMB basis, the revenue growth was 25.3%.  We have in total added 20 new medical centers since December 31, 2015.  During this period, the Company served approximately a total of 4.83 million customer visits under both corporate and individual programs, representing an increase of 23.3% over the first fiscal nine months of 2015.

The table below sets forth a breakdown of net revenues:

(US$ million) First Fiscal Nine Months Ended December 31, 2016 First Fiscal Nine Months Ended December 31, 2015 YoY % Change
Medical Examinations 314.5 268.9 16.9 %
Disease Screening 29.0 22.5 29.2 %
Dental Services 6.9 5.1 35.4 %
Other Services 25.1 21.5 17.0 %
Total 375.6 318.0 18.1 %
         

Medical Examinations: Net revenues for the period were US$314.5 million, representing a 16.9% increase from US$268.9 million in the same period of last fiscal year.

Disease Screening: Net revenues for the period were US$29.0 million, representing a 29.2% increase from US$22.5 million in the same period of last fiscal year.

Dental Services: Net revenues for the period were US$6.9 million, representing a 35.4% increase from US$5.1 million in the same period of the last fiscal year.

Other Services: Net revenues for the period were US$25.1 million, representing a 17.0% increase from US$21.5 million in the same period of the last fiscal year.    

Cost of RevenuesCost of revenues for the period was US$203.6 million, representing a 25.1% increase from US$162.7 million in the same period of the last fiscal year.

Gross Profit and Gross MarginGross profit for the period was US$172.0 million, representing a 10.8% increase from US$155.3 million in the same period in the last fiscal year. Gross margin for the period was 45.8%, as compared to 48.8% in the same period of the last fiscal year.  Gross margin was diluted mainly due to the additions of newly acquired and self-built medical centers which have lower gross margins due to the ramp up.

Operating ExpensesTotal operating expenses for the period were US$123.9 million, representing a 23.4% increase from US$100.4 million in the same period of the last fiscal year.

Selling and marketing expensesSelling and marketing expenses for the period were US$56.4 million, accounting for 15.0% of total net revenues as compared to 15.3% in the same period of the last fiscal year.

General and administrative expensesGeneral and administrative expenses for the period were US$65.0 million, accounting for 17.3% of total net revenues as compared to 15.4% in the same period of the last fiscal year. The increase was mainly due to (i) the increases in payrolls and rental costs, which were associated with our expansion into new geographic areas, and (ii) the professional service expenses relating to the privatization.

Research and development expensesResearch and development expenses for the period were US$2.5 million, accounting for 0.7% of total net revenues as compared to 0.9% in the same period of the last fiscal year.

Income from OperationsIncome from operations for the period was US$48.1 million, representing a 12.3% decrease from US$54.8 million in the same period of the last fiscal year. On RMB Basis, the decrease was 6.5%.  Excluding share-based compensation expenses of US$1.46 million for this period and US$1.47 million for the same period of the last year, non-GAAP income from operations for the period was US$49.5 million as compared to US$56.3 million, which reflected a decrease of 12.0%.

Interest ExpenseInterest expense for the period was US$10.7 million as compared to US$1.6 million in the same period of the last fiscal year.  The increase was mainly due to the addition of accrued expense for the borrowings totaled at approximately US$202 million, which were borrowed in December 2015. 

Loss from Equity Method InvestmentsLoss from equity method investments for the period was US$6.1 million, which mainly represented the loss picked up from our equity investments.

Net Income       Net income attributable to the Company for the period was US$22.0 million, representing a decrease of 48.2% from US$42.5 million in the same period of the last fiscal year. 

Non-GAAP net income for the period was US$23.5 million, representing a decrease of 46.6% from US$44.0 million in the same period of the last fiscal year.

Basic and Diluted Earnings per ADSBasic and diluted income per ADS attributable to common shareholders were US$0.32 and US$0.32, respectively, as compared to US$0.62 and US$0.61, respectively, in the first fiscal nine months of 2015.

Non-GAAP basic and diluted income per ADS attributable to common shareholders were US$0.35 and US$0.34, respectively, as compared to US$0.64 and US$0.63, respectively, in the first fiscal nine months of 2015.

Cash and Cash EquivalentsAs of December 31, 2016, the Company’s cash and cash equivalents, restricted cash and terms deposit totaled US$128.5 million, as compared to US$72.0 million as of September 30, 2016.

Conference Call

iKang’s management will host a conference call at 8:00 am US Eastern Time (8:00 pm Beijing/Hong Kong Time) on March 17, 2017, to discuss its quarterly results and recent business activities.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time:

China: 4001-200-539
Hong Kong: 800-905-927
United States: 1855-298-3404
International: +65 6823-2299
Passcode: 9112811
   

The Company will also broadcast a live audio webcast of the conference call. The webcast will be available at http://ir.ikang.com. 

Following the earnings conference call, an archive of the call will be available by dialing:

China: 4001-842-240
Hong Kong: 800-966-697
United States: 1866-846-0868
International: +61-2-9641-7900
Replay Passcode: 9112811
Replay End Date: March 31, 2017
   

STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION

The unaudited financial information set forth above is subject to adjustments that may be identified when audit work is performed on the Company’s year-end financial statements, which could result in significant differences from this unaudited financial information.

NON-GAAP FINANCIAL MEASURES

To supplement our consolidated financial statements which are presented in accordance with U.S. GAAP, we also use non-GAAP operating income, non-GAAP net income and non-GAAP EBITDA as additional non-GAAP financial measures. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance. We also believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our consolidated results of operations in the same manner as our management and in comparing financial results across accounting periods and to those of our peer companies.

Reconciliation of non-GAAP operating income, non-GAAP net income and non-GAAP EBITDA to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP is set forth at the end of this release.

About iKang Healthcare Group, Inc.iKang Healthcare Group, Inc. is one of the largest providers in China’s fast-growing private preventive healthcare space through its nationwide healthcare services network.

iKang’s nationwide integrated network of multi-brand self-owned medical centers and third-party facilities, including medical examination, disease screening, outpatient service and other value-added services.  iKang’s customer base primarily comprises corporate clients, who contract with iKang to deliver medical examination services to their employees and clients, and receive these services at pre-agreed rates. iKang also directly markets its services to individual customers. In the fiscal year ended March 31, 2016, iKang served a total of 4.6 million customer visits under both corporate and individual programs.

As of March 16, 2017, iKang has a nationwide network of  104(1)  self-owned medical centers, covering 32 of China’s most affluent cities: Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, Nanjing, Suzhou, Hangzhou, Chengdu, Fuzhou, Changchun, Jiangyin, Changzhou, Wuhan, Changsha, Yantai, Yinchuan, Weihai, Weifang, Shenyang, Xi’an, Wuhu, Guiyang, Ningbo, Foshan, Jinan, Bijie, Qingdao, Wuxi, and Kaili, as well as Hong Kong. iKang has also extended its coverage to over 150 cities by contracting with approximately 400 third-party facilities, which including select independent medical examination centers and hospitals across all of China’s provinces, creating a nationwide network that allows iKang to serve its customers in markets where it does not operate its own medical centers.

(1) Among the 104 self-owned medical centers, two medical centers are currently operated primarily by the minority shareholders of these medical centers or their parent company.

Forward-looking StatementsThis press release contains forward-looking statements. These statements, including management quotes and business outlook, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as ”will,” "estimate," "project," "predict," "believe," "expect," "anticipate," "intend," "potential," "plan," "goal" and similar statements.  iKang may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These forward-looking statements include, but are not limited to, statements about: the Company’s goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its customer base and network of medical centers; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; relevant government policies and regulations relating to the corporate structure, business and industry; fluctuations in general economic and business conditions in China. Further information regarding these and other risks is included in iKang’s filing with the Securities and Exchange Commission. iKang undertakes no duty to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. 

IKANG HEALTHCARE GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of US dollars, except share data and per share data)
(Unaudited)
   
  As of As of
  March 31, December 31,
    2016   2016
ASSETS  
Current assets:  
Cash and cash equivalents   $ 108,111 $ 121,278
Restricted cash     31,836   -
Term deposits     12,202   7,201
Accounts receivable, net of allowance for doubtful accounts of $14,329     74,163   104,344
and $18,483 as of March 31, 2016 and December 31, 2016, respectively  
Inventories     4,015   6,051
Deferred tax assets-current     8,064   8,950
Amount due from a related party     4,653   5,238
Prepaid expenses and other current assets     62,659   47,156
           
Total current assets   $ 305,703 $ 300,218
           
Property and equipment, net   $ 130,170 $ 156,468
Acquired intangible assets, net     37,179   27,787
Goodwill     108,839   106,427
Long-term investments     200,108   182,936
Deferred tax assets-non-current     8,077   12,863
Rental deposit and other non-current assets     13,565   14,709
           
TOTAL ASSETS   $ 803,641 $ 801,408
           
LIABILITIES, MEZZANINE EQUITY AND EQUITY (DEFICIT)  
Current liabilities:  
Accounts payable (including accounts payable of the consolidated VIEs  
without recourse to iKang Healthcare Group, Inc. of $22,685  
and $37,544 as of March 31, 2016 and December 31, 2016, respectively)   $ 28,135 $ 43,578
Accrued expenses and other current liabilities (including accrued expenses  
and other current liabilities of the consolidated VIEs without recourse  
to iKang Healthcare Group, Inc. of $41,319 and $49,065 as of March 31, 2016  
and December 31, 2016, respectively)     47,404   57,088
Income tax payable (including income tax payable of the consolidated VIEs  
without recourse to iKang Healthcare Group, Inc. of $7,386 and  
$11,657 as of March 31, 2016 and December 31, 2016, respectively)     8,216   17,128
Deferred revenues (including deferred revenues of the consolidated VIEs  
without recourse to iKang Healthcare Group, Inc. of $52,210 and  
$62,508 as of March 31, 2016 and December 31, 2016, respectively)     61,881   71,473
Short term borrowings (including short term borrowings of the consolidated  
VIEs without recourse to iKang Healthcare Group, Inc. of $53,364  
and $196,831 as of March 31, 2016 and December 31, 2016, respectively)     53,364   196,831
           
Total current liabilities   $ 199,000 $ 386,098
   

 

 IKANG HEALTHCARE GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS - continued
(In thousands of US dollars, except share data and per share data)
(Unaudited)
   
  As of As of
  March 31, December 31,
    2016   2016
   
Long-term borrowings (including long term borrowings of the consolidated  
VIEs and VIEs’ subsidiaries without recourse to iKang Healthcare Group, Inc.  
of $229,467 and $43,209 as of March 31, 2016 and December 31, 2016, respectively)   229,467   43,209
Deferred tax liabilities-non-current (including deferred tax liabilities  
non-current of the consolidated VIEs without recourse to iKang  
Healthcare Group, Inc. of $9,422 and $7,455 as of March 31, 2016 and  
December 31, 2016, respectively)   9,772   7,690
         
TOTAL LIABILITIES $ 438,239 $ 436,997
   
Equity:  
Total iKang Healthcare Group, Inc. shareholders' equity   342,826   342,291
Non-controlling interests   22,576   22,120
         
TOTAL EQUITY $ 365,402 $ 364,411
         
TOTAL LIABILITIES AND EQUITY $ 803,641 $ 801,408

 

IKANG HEALTHCARE GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of US dollars, except share data and per share data)
(Unaudited)
   
  Three-month periods Nine-month periods
  ended December 31 ended December 31
    2015     2016     2015     2016  
   
Net revenues $ 133,037   $ 154,569   $ 317,976   $ 375,556  
Cost of revenues   65,422     81,426     162,726     203,559  
                         
Gross profit $ 67,615   $ 73,143   $ 155,250   $ 171,997  
                         
Operating expenses:                        
Selling and marketing expenses $ 20,213   $ 21,518   $ 48,697   $ 56,443  
General and administrative expenses   21,887     23,864     48,955     65,009  
Research and development expenses   1,093     851     2,771     2,485  
                         
Total operating expenses $ 43,193   $ 46,233   $ 100,423   $ 123,937  
                         
Income from operations $ 24,422   $ 26,910   $ 54,827   $ 48,060  
Interest expense   768     4,370     1,557     10,733  
Interest income   212     188     506     801  
Other income   1,874     -     1,874     -  
                         
Income before income tax expenses and loss from                        
equity method investments $ 25,740   $ 22,728   $ 55,650   $ 38,128  
Income tax expenses   5,487     5,682     13,444     9,532  
Loss from equity method investments   (132 )   (2,920 )   (132 )   (6,082 )
                         
Net income $ 20,121   $ 14,126   $ 42,074   $ 22,514  
Less: Net (loss)/income attributable to non-controlling interest   (129 )   90     (461 )   491  
                         
Net income attributable to iKang Healthcare Group, Inc. $ 20,250   $ 14,036   $ 42,535   $ 22,023  
                         
Net income attributable to common shareholders                        
of iKang Healthcare Group, Inc. $ 20,250   $ 14,036   $ 42,535   $ 22,023  
                         
Net income per share attributable to common shareholders                        
of iKang Healthcare Group, Inc.                        
Basic $ 0.59   $ 0.41   $ 1.24   $ 0.65  
Diluted $ 0.58   $ 0.41   $ 1.21   $ 0.64  
                         
Net income per ADS (one common share equals to two ADSs)                        
Basic $ 0.29   $ 0.21   $ 0.62   $ 0.32  
Diluted $ 0.29   $ 0.20   $ 0.61   $ 0.32  
                         
Weighted average shares used in calculating net income                        
per common share                        
Basic   34,361,539     34,091,668     34,361,539     34,010,851  
Diluted   35,122,485     34,563,876     35,109,039     34,484,412  

 

IKANG HEALTHCARE GROUP, INC.
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(In thousands of US dollars, except share data and per share data)
(Unaudited)
   
  Three-month periods Nine-month periods
  ended December 31 ended December 31
    2015   2016   2015   2016
   
Income from operations $ 24,422 $ 26,910 $ 54,827 $ 48,060
Add:  
Share-based compensation expenses   489   489   1,470   1,462
                 
Non-GAAP operating income $ 24,911 $ 27,399 $ 56,297 $ 49,522
                 
Net income attributable to iKang Healthcare Group, Inc. $ 20,250 $ 14,036 $ 42,535 $ 22,023
Add:  
Share-based compensation expenses   489   489   1,470   1,462
                 
Non-GAAP net income $ 20,739 $ 14,525 $ 44,005 $ 23,485
                 
Income from operations $ 24,422 $ 26,910 $ 54,827 $ 48,060
Add:  
Depreciation and amortization   7,828   9,395   22,222   27,442
Share-based compensation expenses   489   489   1,470   1,462
                 
Non-GAAP EBITDA $ 32,739 $ 36,794 $ 78,519 $ 76,964
                 
Non-GAAP net income attributable to common shareholders  
of iKang Healthcare Group, Inc. $ 20,739 $ 14,525 $ 44,005 $ 23,485
   
Non-GAAP net income per share attributable to common shareholders  
of iKang Healthcare Group, Inc.  
Basic $ 0.60 $ 0.43 $ 1.28 $ 0.69
Diluted $ 0.59 $ 0.42 $ 1.25 $ 0.68
   
Non-GAAP net income per ADS (one common share equals to two ADSs)  
Basic $ 0.30 $ 0.21 $ 0.64 $ 0.35
Diluted $ 0.30 $ 0.21 $ 0.63 $ 0.34

 

 

IR Contact:

iKang Healthcare Group, Inc.
Christy Xie
Director of Investor Relations
Tel: +86 10 5320 8599
Email: ir@ikang.com
Website: www.ikanggroup.com

FleishmanHillard
Email: ikang@fleishman.com
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