International Healthway Q1 profit slips 37%
Catalist-listed International Healthway Corp's net profit for the first quarter ended March 2015 dipped 37 per cent to S$613,000 from S$973,000 a year ago.
Revenue improved 15 per cent to S$10.1 million from S$8.8 million on the back of higher revenue from the group's healthcare services following the acquisition of Jiangsu Chang San Jiao Medical over the period.
Healthcare services revenue from the leasing of 12 fully operational nursing facilities in various parts of Japan remained stable over the period, said the firm in a statement.
As the firm expects the outlook for integrated healthcare services and facilities in Malaysia, Japan and China to remain favourable, it said it will continue to develop its "Asia-centric portfolio".
Earnings per share came in at 0.038 Singapore cents from 0.060 Singapore cents.
No dividend was recommended.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly