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HMI 4Q earnings fall 11% to $4.5 mil on higher costs from new centre

PC Lee
PC Lee8/20/2019 10:34 AM GMT+08  • 2 min read
HMI 4Q earnings fall 11% to $4.5 mil on higher costs from new centre
SINGAPORE (Aug 19): Regional healthcare provider Health Management International (HMI) on Monday night reported earnings fell 11% to RM13.5 million ($4.5 million), or 1.61 sen per share, for the 4Q19 ended June 30, down from RM15.2 million a year ago.
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SINGAPORE (Aug 19): Regional healthcare provider Health Management International (HMI) on Monday night reported earnings fell 11% to RM13.5 million ($4.5 million), or 1.61 sen per share, for the 4Q19 ended June 30, down from RM15.2 million a year ago.

This was despite revenue rising 10% to RM131.1 million from a year ago mainly due to higher patient load and average bill sizes. The group's education business also registered a RM0.5 million decrease in revenue due to lower student headcount.

Gross profit margin decreased to 33% from 34.4% the year before due to StarMed Specialist Centre (SSC), its new ambulatory care centre in Singapore which started operations in 1Q19.

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