Singapore O&G posts higher Q4 profit

SINGAPORE O&G's profit rose from S$764,880 to S$2.02 million in the fourth quarter ended Dec 31, 2017.

The bottom line was boosted partly by higher revenue and lower employee remuneration expenses at the health and wellness group.

Revenue increased 10.3 per cent to S$7.95 million on the back of higher revenue from its obstetrics and gynaecology and cancer-related segments, as well as its new paediatrics segment.

Earnings per share for the quarter rose to 0.42 Singapore cent, up from 0.16 cent a year ago.

For the full year, profit dipped 3.4 per cent to S$8.5 million while revenue edged up 4.3 per cent to S$29.9 million.

Singapore O&G is paying out a final dividend of 0.89 Singapore cents per share for FY17, down from 1.57 cents previously.