Isec's profit fall may portend earnings weakness across healthcare sector

Singapore

ISEC Healthcare on Tuesday posted a 37 per cent drop in net profit to S$1.39 million for its first quarter ended March 31, down from S$2.22 million in the previous corresponding period.

The Catalist-listed medical eyecare services provider attributed the decline to nationwide movement restrictions implemented by the Malaysia and Singapore governments to curb the spread of Covid-19.