Revenue from newly acquired units lifts HC Surgical's Q1 profit by 38%

Singapore

CATALIST-LISTED HC Surgical Specialists enjoyed a 38 per cent rise in net profit to S$1.21 million for the first quarter, boosted by revenue from its newly acquired units. This translates to earnings per share of 0.81 Singapore cent, up from 0.59 cent a year earlier.

Revenue for the three months ended Aug 31 grew 27.8 per cent to S$4.92 million, on the back of contributions from subsidiary JLES, which commenced operations in August last year, and Medical Services @ Tampines, in which HC Surgical acquired an additional 50 per cent stake…