Singapore, July 02, 2024 (GLOBE NEWSWIRE) -- Abel Ang retires as Group Chief Executive Officer after a decade and will continue to serve on the Board of Directors Achieved record global revenues of US$335.0 million, a 15.1% increase year-over-year driven by strong performances in all segments United States entities grew revenue by 22.3%, making up 55.4% of total revenue and 65.3% of urology revenue Continued commitment in innovation with R&D investment increasing 20.8% year-over-year SINGAPORE, 2 July 2024 – Advanced MedTech Holdings (AMTH or the Group), innovative global leader in urology, announced that Abel Ang will retire as Group Chief Executive Officer (CEO) as part of a planned leadership transition. Wong Yau Chung, previously Group Chief Operating Officer (COO), has assumed the role of Group CEO-designate from 1 July 2024 and will take over as Group CEO on 1 October 2024. Yau Chung will also be appointed to the Board of Directors as Group CEO, and Abel will continue to remain on the Board of Directors of AMTH. In addition to the leadership transition, the Group also announced record revenues for the fiscal year ending 31 March 2024 (FY24). The Group achieved global revenues of US$335.0 million1, representing a 15.1% increase on a reported basis and a 17.4% rise excluding COVID-19 related revenues2. Revenues have also grown at a compound annual growth rate (CAGR) of 9.5% on a reported basis from FY22 to FY24, and at a CAGR of 16.4% from FY22 to FY24 excluding COVID-19 related revenues. This strong performance was driven by the Group's focus on its Integrated Urology Platform (IUP) strategy. The Group's Capital Equipment & Consumables (CEC) segment achieved revenues of US$163.6 million, a 15.0% revenue growth from the previous period and CAGR of 14.7% from FY22 to FY24 on the back of innovation-driven growth. The Clinical ...