Raffles Medical Group Q1 profit up 8%
Revenue boost from bigger patient load, new specialists
RAFFLES Medical Group (RMG) posted an 8 per cent year-on-year increase in net profit to $14.56 million in its fiscal first quarter, as revenues received a boost from a bigger patient load, new specialists and a higher volume of healthcare insurance services.
Revenue also increased 8 per cent to $87.55 million for the three months ended March 31, 2014.
Earnings per share were 2.63 cents, up from 2.47 cents a year earlier. Operating profit increased 6 per cent to $17.2 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts