Home THE DAILY EDGE Business Thomson Medical posts 25.1% jump in net profit in 1Q net to $3.55m
Thomson Medical posts 25.1% jump in net profit in 1Q net to $3.55m

Tags: Thomson Medical Centre

Written by The Edge   
Monday, 11 January 2010 17:57
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Thomson Medical Centre, a healthcare provider for women and children, says it posted a 25.1% jump in net profit to $3.55 million and a 14.6% increase in revenue to $18.79 million for the Q1FY2010 over Q1FY2009.

Thomson says the improvement was driven by increases in inpatient admissions, deliveries and ancillary services.

Revenue from the group’s hospital operations and ancillary services rose 10.9% to $14.24 million while revenue from specialised and other services surged 28.2% to $4.55 million.

Profit margins remained robust despite the expanded operations. 1QFY2010 gross profit margin stood above 43% level. Net profit margin expanded to 18.9%, from 17.3% in the corresponding period last year.

The group’s shareholders’ equity increased to $115 million as at Nov 30 from $111.30 million as at Aug 31, 2009, mainly as a result of higher operating profit recorded for the quarter.

Thomson says it continues to enjoy a strong financial position with a fixed deposits and cash and bank balance of $24.78 million as at Nov 30, 2009, up from $20.57 million as at Aug 31, 2009.


 

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Last Updated on Monday, 11 January 2010 17:58