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Home / Capital / Results

Raffles Medical posts 14.1% drop in FY2019 earnings, but looks for novel measures to cope with Covid-19

Results

Raffles Medical posts 14.1% drop in FY2019 earnings, but looks for novel measures to cope with Covid-19

Amala Balakrishner Published on Mon, Feb 24, 2020 / 12:24 PM GMT+8

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SINGAPORE (Feb 24): Raffles Medical Group has posted a 14.1% drop in earnings to $58.1 million for FY2019 ended 31 December, from $67.7 million a year ago due to the start-up costs it incurred from the opening of Raffles Hospital Chongqing in January 2019.

This translates to earnings per share (EPS) of 3.32 cents for FY2019 on a fully diluted basis, compared to an EPS of 3.97 cents in FY2018.

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