Malaysian based Qualitas Medical Group, the growing regional healthcare services group, has recorded a 43% rise in half-year (HY2010) profit to RM 4.3 million ($1.8 million) from RM 3.0 million in HY2009. Revenue grew 37% to RM11.9 million.

Qualitas says the significant growth is attributable to the revenue contribution from its international operations as well as an overall revenue increase from the Malaysian operations.

Revenue from the group’s new acquisition in Dr. Marcus Cooney and Associates (DMCA), a dental care centre in Singapore acquired in January 2010, has contributed revenue of RM9.7 million towards the overall revenue of the group for HY2010.

Revenue from the group’s screening centre in India also increased in HY2010. The group’s revenue from its Malaysian operations also improved with the increase of revenue from the group’s existing clinics as well as the clinic acquired in May 2009.

In line with the increased revenue, profit before income tax for the HY2010 has also increased to RM5.8 million, an increase of 36.5% compared with the corresponding period last year.

While income tax expenses have increased from RM 1.3 million in HY2009 to RM 1.6 million in HY2010, the group’s effective tax rate has reduced from 30.3% in HY2009 to 27% in HY2010, due to the lower tax rate of DMCA. The lower tax rate in DMCA is due to the lower corporate tax rate in Singapore compared with other countries in which the group’s subsidiaries operate in.