Raffles Medical Group posts 11.3% rise in Q3 profit

Singapore

PRIVATE healthcare operator Raffles Medical Group's (RMG) net profit rose 11.3 per cent year on year to S$15.43 million for the third quarter ended Sept 30, lifted by higher revenue.

In an update on its plans to expand Raffles Hospital, the group said that groundbreaking will take place by year-end. The development, which takes place on a site next to the existing hospital, will add a further 220,000 square feet of gross floor area to its existing 300,000 sq ft.