Raffles Medical Q1 profit edges up 2.9%

Singapore

PRIVATE healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$14.98 million for Q1 FY15, while revenue jumped 8.5 per cent to S$95.02 million.

Revenue was higher on the back of stronger contributions from both its healthcare and hospital services divisions, which were up 13.7 per cent and 6.2 per cent respectively. Earnings per share for Q1FY15 came to 2.65 Singapore cents, up slightly from 2.63 cents a year ago.