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Q&M Dental Group posts 16% drop in FY17 earnings to $23.9 mil from deconsolidation of businesses

Samantha Chiew
Samantha Chiew2/27/2018 06:28 PM GMT+08  • 2 min read
Q&M Dental Group posts 16% drop in FY17 earnings to $23.9 mil from deconsolidation of businesses
SINGAPORE (Feb 27): Q&M Dental Group (Singapore) reported full-year earnings declined by 16% to $23.9 million in FY17 compared to $28.3 million in FY16.
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SINGAPORE (Feb 27): Q&M Dental Group (Singapore) reported full-year earnings declined by 16% to $23.9 million in FY17 compared to $28.3 million in FY16.

Total revenue for the full year ended Dec 2017 came in at $123.5 million, 17.7% lower compared to $150 million in FY16, mainly due to the closure of Aidite.

Revenue from the group’s dental and medical clinics (excluding Aoxin) was 3% higher at $108.7 million from $105.7 million a year ago, while revenue from dental equipment & supplies distribution (excluding Aoxin) were 2% lower at $8.62 million from $8.77 million last year.

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