Raffles Medical's Q2 net profit up 2.2%
Raffles Medical Group reported on Monday that its net profit for the second quarter ended June 30, 2015 rose 2.2 per cent to S$15.9 million, compared to a year ago.
Revenue grew 7.2 per cent to S$99.3 million. Revenue from healthcare services grew by 5.7 per cent and hospital services increased by 6.6 per cent.
The medical group saw a 9.4 per cent rise in staff costs to S$48.5 million. This was in tandem with higher volume of business. It recruited more doctors, specialists, nurses and ancillary staff for new and expanded operations at Raffles Hospital and medical centres at Shaw Centre.
Its board of directors declared an interim ordinary dividend of 1.5 Singapore cents per ordinary share, to be paid on August 31, 2015.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations