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Raffles Medical Q1 profit falls 13.7% on Chongqing hospital startup costs

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Fiona Lam

Fiona Lam

Published Mon, Apr 29, 2019 · 09:50 PM
Raffles Medical Group

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.

raffles medical group

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