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Raffles Medical posts 16% drop in 2Q earnings to $14.2 mil amid birthing pains from Chongqing branch

Benjamin Cher
Benjamin Cher7/29/2019 11:59 AM GMT+08  • 2 min read
Raffles Medical posts 16% drop in 2Q earnings to $14.2 mil amid birthing pains from Chongqing branch
SINGAPORE (July 29): Raffles Medical Group saw its earnings fall 15.6% to $14.2 million for the 2Q19 ended June 30, from $16.9 million a year ago, mainly due to gestation losses for Raffles Hospital Chongqing (RHCQ).
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SINGAPORE (July 29): Raffles Medical Group saw its earnings fall 15.6% to $14.2 million for the 2Q19 ended June 30, from $16.9 million a year ago, mainly due to gestation losses for Raffles Hospital Chongqing (RHCQ).

Earnings per share slipped to 0.79 cents in 2Q19, from 0.95 cents for 2Q18.

The Chongqing outpost generated a $2.3 million loss at the earnings before interest, taxes, depreciation and amortisation (EBITDA) level.

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