Raffles Medical H1 profit rises 0.5% to S$59.9 million; chairman says will consider M&A
RAFFLES Medical Group : BSL 0% posted a 0.5 per cent rise in net profit to S$59.9 million for its first half ended Jun 30, from S$59.5 million in the previous corresponding period.
The growth in profit came despite a 9.5 per cent decline in revenue – to S$370.9 million from S$409.7 million in the year-ago period.
Manpower costs fell alongside Covid-related activities, the private healthcare provider said on Monday (Jul 31). The group also recorded a year-on-year fall in net reinsurance expenses, and a smaller impairment loss on trade receivables.
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