The Business Times
business-time-50
SUBSCRIBERS

Raffles Medical posts 63.8% drop in H2 profit to S$30.3 million; looks to China, Japan growth

google-preferred-sourceAdd BT as a preferred source
Megan Cheah
Vivienne Tay

Megan Cheah &

Vivienne Tay

Published Mon, Feb 26, 2024 · 08:34 AM
    • The group attributes the weaker performance to the discontinuation of Covid-19-related activities in FY2023.
    • The group attributes the weaker performance to the discontinuation of Covid-19-related activities in FY2023. PHOTO: LIM YAOHUI, ST

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    RAFFLES Medical Group posted a 63.8 per cent drop in net profit to S$30.3 million for the second half ended Dec 31, 2023, from S$83.7 million in the previous corresponding period.

    The group attributed the weaker performance to the discontinuation of Covid-19-related activities in FY2023, it said on Monday (Feb 26).

    The results translate to earnings per share (EPS) of 1.63 Singapore cents against EPS of 4.51 cents previously.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    raffles medical groupFinancial results

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More