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Thomson Medical posts 58% drop in H1 profit

Net gain fell to S$5.5m despite higher revenue due to higher operating expenses, acquisition costs

Published Tue, Aug 14, 2018 · 09:50 PM

Singapore

ONE-OFF costs associated with the acquisition of healthcare business Sasteria in April this year dampened results for mainboard-listed Thomson Medical Group in its first half year.

The group's profit fell 58.4 per cent to S$5.5 million from the year-before period, it said in a Singapore Exchange filing after market close on Tuesday.

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