Q&M's Q3 profit up 3% at S$2.8m

MAINBOARD-LISTED Q&M Dental Group on Sunday reported a 3 per cent rise in net profit for the third quarter to S$2.8 million.

Revenue for the group's dental and medical clinics for the three months ended Sept 30, 2016, increased 22 per cent to S$29 million, up from S$23.7 million a year ago.

Q&M attributed this to higher contributions from existing and new dental outlets in Singapore, and the acquisition of clinics including China's Panjin City Jincheng Group of Clinics.

Earnings per share remained flat at 0.36 Singapore cent.

No dividend has been declared for the period.