Cordlife's Q3 profit up 24.4% at $1.5m
Singapore
CORDLIFE Group's net profit for the third quarter ended March rose 24.4 per cent from $1.2 million to $1.5 million. Revenue rose 64 per cent from $7.2 million to $11.8 million.
The rise in revenue was mainly due to an increase in the number of client deliveries, said the healthcare company in the mother and child segment, and was contributed from the group's Philippines and Indian subsidiaries and Indonesian assets which the group acquired in June last year. Earnings per share for the quarter was 0.57 cents, compared with 0.53 cents previously.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive