Q&M's profit edges up for Q2 in absence of one-off gain

Q&M Dental Group's net profit rose marginally to S$3.7 million in Q2 FY16 from S$3.69 million in the corresponding quarter a year ago.

However, the results in Q2 FY15 were boosted by a one-off gain of S$1.8 million from the disposal of a property located.

Stripping this out, net profit in Q2 FY16 would have actually increased 96 per cent, the group said.

For the three months ended June 30, revenue shot up 26 per cent to S$38.32 million from the preceding year. The growth in revenue was largely due to higher revenue from its dental and medical clinics.

Earnings per share dipped to 0.47 Singapore cent from 0.52 Singapore cent in the previous year.

Dividend per share for the quarter was 0.42 Singapore cent, flat compared with the year-ago period.

For the six months ended June 30, 2016, the group's net profit increased by 13 per cent to S$7.41 million, while revenue rose from S$59.52 million previously to S$72.67 million.