Raffles Medical Group's FY2016 earnings edge up to S$70.2m
Revenue rises 15.4% on higher patient load from expanding clinic network, contributions from MCH
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Singapore
HIGHER expenses driven by its expansion weighed down on Raffles Medical Group's full-year earnings, which rose slightly even as revenue grew by double digits.
Net profit for FY2016 edged up 1.3 per cent from FY2015 to S$70.2 million, weighed down by higher consumption of inventories and consumables as sales of medical supplies and services grew.
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