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Spin-off gain lifts Q&M's FY16 profit to S$28 million
Published Wed, Mar 1, 2017 · 09:50 PM
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Singapore
A ONE-TIME gain of S$23.1 million helped mainboard-listed Q&M Dental Group's full-year net profit to more than double to S$28.3 million.
The one-time gain follows the spin-off of Aidite (Qinhuangdao) Technology and its subsequent reclassification from a subsidiary to an associate in FY16, the group said on Wednesday in a filing to the bourse operator.
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