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Raffles Medical's full-year earnings rise 0.4% to S$71.1m

Singapore

RAFFLES Medical Group has posted a net profit of S$71.1 million for 2018, up 0.4 per cent from 2017 as a 7.8 per cent rise in Ebitda (earnings before interest, taxes, depreciation, and amortisation) was offset by higher tax expense and additional depreciation from the recently completed Raffles Specialist Centre in Singapore.

Revenue for the 12 months ended Dec 31 was S$489.1 million, up 2.4 per cent from 2017.

This was led by healthcare services revenue which rose 6 per cent, due to contributions...

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