RMG begins work on Holland V project
Q2 earnings and revenue up; growth in foreign patients' volume flattish
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Nisha Ramchandani
RAFFLES Medical Group (RMG) turned in an 8.5 per cent increase in net profit to S$15.61 million for the second quarter ended June 30 as revenue was bolstered by a higher patient load from its expanding clinic network.
Revenue inched up 6.6 per cent to S$92.6 million while earnings per share worked out to 2.81 Singapore cents, up from 2.63 Singapore cents previously. Operating profit for the quarter rose 6.3 per cent to S$18.73 million.
For the six months, net profit was up 8.2 per cent to S$30.17 million and revenue climbed 7.3 per cent to S$180.15 million.
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