Raffles Medical Q1 profit falls 13.7% on Chongqing hospital startup costs
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Singapore
RAFFLES Medical Group on Monday morning reported a 13.7 per cent drop in its first-quarter net profit to S$13.6 million from S$15.8 million a year ago, due to startup costs for Raffles Hospital Chongqing.
The group's revenue for the three months ended March 31 increased 6.7 per cent year on year to S$128.3 million.
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