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Q&M Dental 2Q earnings surge to $13.6 mil on one-time gain from spinoff

Michelle Zhu
Michelle Zhu8/15/2017 07:45 AM GMT+08  • 2 min read
Q&M Dental 2Q earnings surge to $13.6 mil on one-time gain from spinoff
SINGAPORE (Aug 15): Q&M Dental Group announced group earnings increased more than trebled to $13.64 million for 2Q17 from $3.7 million in 2Q16 due to a one-time $16.9 million gain from Q&M’s spin-off of Aoxin from an subsidiary to an associate in April.
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SINGAPORE (Aug 15): Q&M Dental Group announced group earnings increased more than trebled to $13.64 million for 2Q17 from $3.7 million in 2Q16 due to a one-time $16.9 million gain from Q&M’s spin-off of Aoxin from an subsidiary to an associate in April.

However, excluding the one-time gain, the group posted earnings of $4.3 million in 2Q17 on lower expenses following the deconsolidation of its former subsidiaries Aoxin and Aidite to associates. This represents a 29% increase from $3.3 million reported a year ago.

The latest quarter brings the group’s earnings for the half year to $7.8 million, up 21% from $6.4 million in the previous year.

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