RMG's Q3 earnings ride on higher patient load
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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.
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