Corporate digest

Q&M and Aoxin Q&M

Q&M Dental Group (Singapore) Limited posted a 16 per cent year-on-year decline in net profit attributable to its parent of S$23.9 million for FY2017, mainly due to a one-time gain from the spin-off of its China unit Aidite in FY16. Excluding this item, net profit attributable to its parent would post a 23 per cent increase to S$14 million in FY17.

Aoxin Q&M Dental Group, which was deconsolidated from the Q&M group and listed in April 2017, reported a 46 per cent year-on-year fall in net profit attributable to shareholders, to five million yuan (S$1.06 million) in FY2017, from 9.3 million yuan in FY2016. The Catalist-listed company said the drop in profitability came mainly from the 5.8 million yuan incurred during the year for professional fees and expenses related to its public listing.