Raffles Medical Group upbeat as it stays on growth path
RAFFLES Medical Group is still on the growth path, posting on Monday a 2.2 per cent year-on-year rise in second-quarter net profit to S$15.95 million. The healthcare provider is also upbeat on its future growth.
Revenue for the three months ended June 30 rose 7.2 per cent to S$99.25 million, on the back of gains in the hospital services and healthcare services divisions, at 6.6 per cent and 5.7 per cent respectively.
Higher patient load saw profit before tax grow to S$19.5 million, up 2.8 per cent. This was after factoring in higher staff costs, depreciation expenses and operating lease expenses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly