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
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.
Growth in revenue was also offset by higher staff costs due to the recruitment of more doctors, specialists, nurses and ancillary staff to cater to…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife requests trading halt after dropping 15.2% to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances