RMG's Q3 earnings ride on higher patient load

Singapore

HIGHER patient load from an expanding clinic network has helped lift Raffles Medical Group's third quarter ended Sept 30, 2016 net profit by four per cent to S$16.2 million, from S$15.6 million a year ago.

The increase in hospital specialists and contribution from the newly acquired International SOS (MC Holdings) Pte Ltd and its subsidiaries also boosted revenue by 17.5 per cent to S$119.3 million year-on-year. The group said all segments contributed positively to revenue growth with the healthcare services and hospital services division rising by 39.7 per cent and six per cent, respectively.