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Raffles Medical Group's 3Q18 earnings come in flat at $16.4 mil

Michelle Zhu
Michelle Zhu10/29/2018 07:24 AM GMT+08  • 3 min read
Raffles Medical Group's 3Q18 earnings come in flat at $16.4 mil
SINGAPORE (Oct 29): Raffles Medical Group (RMG) posted $16.4 million in earnings for the 3Q ended Sept, unchanged from a year ago on higher expenses.
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SINGAPORE (Oct 29): Raffles Medical Group (RMG) posted $16.4 million in earnings for the 3Q ended Sept, unchanged from a year ago on higher expenses.

Revenue for the quarter grew 1.2% to $121.4 million from $119.6 million previously, as the healthcare services division recorded an 8% growth in revenue due to an influx of new corporate clients and a new contract to provide Air Borders screening services.

This more than offset a decline in revenue from the hospital services division from a year ago, due in part to the refurbishment of current inpatient facilities.

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