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Home / Capital / Results

Raffles Medical Group posts 9.3% higher FY20 earnings of $65.9 mil thanks to new services such as PCR testing

Results

Raffles Medical Group posts 9.3% higher FY20 earnings of $65.9 mil thanks to new services such as PCR testing

Felicia Tan Published on Mon, Feb 22, 2021 / 7:44 AM GMT+8

Raffles Medical Group (RMG) has reported earnings of $65.9 million for the FY2020 ended December, 9.3% higher than earnings of $60.3 million a year ago.

This brings earnings per share (EPS) to 3.58 cents, from FY2019’s 3.32 cents.

Group revenue for the FY2020 grew 8.8% y-o-y to $568.2 million as the group pivoted to meet the needs of the evolving healthcare situation amid Covid-19.