RafflesMed's Q3 profit up 1.2% at S$15.6m
Revenue up 7.4% at S$101.5m with boost from hospital and healthcare services units
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REFLECTING steady growth, Raffles Medical Group on Monday posted a 1.2 per cent year-on-year rise in third-quarter net profit to S$15.6 million even as the healthcare provider faced higher depreciation and operating lease expenses, as well as increased costs.
The results, which came on the back of a 7.4 per cent increase in revenue to S$101.5 million for the three months ended Sept 30, translated to Q3 earnings per share (EPS) of 2.72 Singapore cents, a notch below the 2.74 cents a year ago because of a slightly bigger weighted average share base.
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