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Cordlife reports fourth straight quarterly earnings in 3Q18

Samantha Chiew
Samantha Chiew5/11/2018 05:52 PM GMT+08  • 2 min read
Cordlife reports fourth straight quarterly earnings in 3Q18
SINGAPORE (May 11): Cordlife Group reported its fourth straight quarterly earnings as higher revenue from key markets and contributions from a newly-acquired subsidiary lifted profit from operations.
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SINGAPORE (May 11): Cordlife Group reported its fourth straight quarterly earnings as higher revenue from key markets and contributions from a newly-acquired subsidiary lifted profit from operations.

The pioneer in Asia’s private cord blood banking industry reported earnings of $0.8 million in 3Q18, turning around from a net loss of $0.4 million in 3Q17.

Revenue for the current quarter came in at $17.7 million, 24.5% higher than $14.2 million, mainly contributed by India and Singapore as well as the inclusion of the group’s newly acquired subsidiary, Healthbaby Biotech (Hong Kong) Co.

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