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HC Surgical Specialists reports 22.3% rise in 2Q revenue on higher subsidiary contributions

PC Lee
PC Lee1/8/2019 05:00 PM GMT+08  • 2 min read
HC Surgical Specialists reports 22.3% rise in 2Q revenue on higher subsidiary contributions
SINGAPORE (Jan 8): Catalist-listed HC Surgical Specialists, the medical provider of endoscopic procedures and general surgery services with 16 clinics in Singapore, reported 2Q19 earnings rose 1.6% to $1.29 million, or 0.86 cents per share, from $1.27 mil
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SINGAPORE (Jan 8): Catalist-listed HC Surgical Specialists, the medical provider of endoscopic procedures and general surgery services with 16 clinics in Singapore, reported 2Q19 earnings rose 1.6% to $1.29 million, or 0.86 cents per share, from $1.27 million a year ago.

Revenue rose 22.3% to $4.63 million from a year ago, mainly due to higher contributions from new and existing subsidiaries.

This includes higher sales contributions from HMC Medical that was acquired in January 2018, Jason Lim Endoscopy and Surgery that started operations in August 2018, as well as a 50% stake in Medical Services @ Tampines which was acquired in September 2018.

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