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Q & M Dental's FY2015 profit rises 33%
Q & M Dental Group on Tuesday posted a 33 per cent increase in its net profit to S$11.4 million for the full year ended Dec 31, 2015.
Revenue rose 16 per cent to S$97.8 million.
Earnings per share rose to 1.46 Singapore cents, from 1.2 Singapore cents a year ago.
The group said the increase in revenue from its dental and medical clinics was mostly due to new dental outlets in Singapore.
This includes the acquisition of TP Dental Surgeons, Tiong Bahru Dental Surgery and Bright Smile Dental Surgery in September 2015, and Aesthetics Dental Surgery in November 2015, as well as revenue contribution from Aoxin in China (acquired in July 2014).
As at end-2015, the group has a total of 65 dental outlets, three medical outlets and one aesthetic centre in operation, compared to 60 dental outlets, one mobile dental clinic, three medical outlets, one aesthetic centre and two specialist medical clinics as at end-2014 in Singapore.
Higher revenue contribution from the dental equipment and supplies distribution business and its the dental supplies manufacturing business for FY2015 also lent a boost to its performance.