Q&M full-year profit up as acquisitions boost revenue

Singapore

Q&M Dental Group has posted a 33 per cent increase in its net profit to S$11.4 million for its full year ended Dec 31, 2015. Revenue was up 16 per cent at 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 partly due to new dental outlets in Singapore. Some of these came from the acquisitions of TP Dental Surgeons, Tiong Bahru Dental Surgery and Bright Smile Dental Surgery in September 2015, as well as the acquisition of Aesthetics Dental Surgery in November 2015. In China, Q&M saw revenue contribution from Aoxin, which it acquired in July 2014.