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Q&M Dental reports 17% rise in 1Q earnings to $4.5 mil

PC Lee
PC Lee5/14/2018 07:35 PM GMT+08  • 2 min read
Q&M Dental reports 17% rise in 1Q earnings to $4.5 mil
SINGAPORE (May 14): Q&M Dental Group (Singapore) reported a 17% increase in 1Q18 earnings ended March to $4.5 million from $3.8 million in 1Q17.
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SINGAPORE (May 14): Q&M Dental Group (Singapore) reported a 17% increase in 1Q18 earnings ended March to $4.5 million from $3.8 million in 1Q17.

Total revenue fell 10% to $28.7 million mainly due to the deconsolidation of Aoxin from a subsidiary to an associate in April 2017 offset by higher revenue from dental equipment and supplies distribution companies in Singapore and Malaysia in 1Q18.

Sales from dental and medical clinics decreased 8% to $26.7 million for 1Q18 from $28.9 million for 1Q17 mainly due to the deconsolidation.

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