Singapore O&G posts lower Q4 profit on impairment
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Claudia Chong
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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.
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