Healthway Medical Corp's Q2 profit jumps to S$2.05m

BOOSTED by an increase in patient load, Healthway Medical Corporation's net profit for the second quarter of this year jumped 294 per cent to S$2.05 million, from S$520,000 in the year-ago period.

Revenue for the three months ended June 30, 2015, rose 15.5 per cent to S$24.06 million. The increase was mainly due to a year-on-year rise in revenue from the primary healthcare segment by S$2.8 million to S$13.3 million and from the specialist & wellness healthcare segment by S$0.5 million to S$10.8 million.

Earnings per share rose to 0.09 Singapore cent for the quarter from 0.02 Singapore cent a year ago.

Total operating costs, including medical supplies and staff costs, rose 5.4 per cent to S$23 million in Q2 2015, due to higher staff costs, which was in line with the higher revenue.