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Raffles Medical posts 16.9% drop in 3Q earnings to $13.6 mil on gestation losses from Chongqing hospital

Stanislaus Jude Chan
Stanislaus Jude Chan10/29/2019 12:34 PM GMT+08  • 2 min read
Raffles Medical posts 16.9% drop in 3Q earnings to $13.6 mil on gestation losses from Chongqing hospital
SINGAPORE (Oct 29): Raffles Medical Group reported a 16.9% drop in earnings to $13.6 million for the 3Q19 ended September, from $16.4 million a year ago, on the back of gestation losses for RafflesHospital Chongqing.
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SINGAPORE (Oct 29): Raffles Medical Group reported a 16.9% drop in earnings to $13.6 million for the 3Q19 ended September, from $16.4 million a year ago, on the back of gestation losses for RafflesHospital Chongqing.

This translates to earnings per share (EPS) of 0.74 cents for 3Q19 on a fully diluted basis, compared to EPS of 0.91 cents in 3Q18.

The earnings decline comes despite a 7.8% rise in 3Q19 revenue to $130.5 million, from $121.0 million a year ago.

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