Raffles Medical shares rise on strong H1 results

Singapore

SHARES of Raffles Medical Group advanced on Monday after it posted a strong set of earnings for the six months ended June 30, even as the outlook for medical tourism - which used to account for about 30 per cent of the group's revenue - remains less than rosy.

The counter ended Monday at a four-year high of S$1.32, gaining S$0.11 or 9.1 per cent. Year-to-date, shares of Raffles Medical are up 32.7 per cent.