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.