Singapore O&G posts lower Q4 profit on impairment

Singapore

SINGAPORE O&G (SOG), a specialist healthcare provider for women and children, recorded a dip in net profit for the fourth quarter ended Dec 31 to S$23,200 from S$2 million a year ago.

Results were dragged down by a goodwill impairment of S$2.8 million, relating to the excess of the carrying amount of the cash-generating unit (CGU) over the recoverable amount of the CGU as at Dec 31 of the Dermatology segment.