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Weak medical tourism hits RafflesMed Q1 revenue

Revenue dips 1.7%; despite lower wage credit, net profit edges up to S$15.55m as private healthcare operator contains costs
Tuesday, April 25, 2017 - 05:50

Dr Loo is upbeat, saying Raffles Medical will be a major player in tertiary hospital services in China.


REFLECTING the tepid state of Singapore's medical tourism, private healthcare provider Raffles Medical Group registered a 1.7 per cent year-on-year dip to S$114.9 million in first-quarter revenue, with net profit up just marginally for the three months ended March 31, 2017.

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