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Q&M sees 31% drop in earnings of $6.5 mil for 1QFY2022

Felicia Tan
Felicia Tan5/12/2022 12:04 AM GMT+08  • 2 min read
Q&M sees 31% drop in earnings of $6.5 mil for 1QFY2022
The group has declared dividend of 0.4 cent per share for the period.
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Q&M Dental Group has reported earnings of $6.5 million for the 1QFY2022 ended March, down 31% than earnings of $9.4 million in the same period the year before.

Revenue for the quarter increased by 7% y-o-y to $46.8 million due to the higher revenue from medical laboratory and dental equipment and supplies and slightly offset by revenue from its dental and medical clinics.

Revenue for medical laboratory and dental equipment and supplies surged by 80% y-o-y to $8.2 million. The higher figure was mainly due to revenue from the group’s medical laboratory business as well as increase in revenue generated from the equipment & supplies business in Malaysia and Singapore.

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