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Raffles Medical posts 1.7% rise in 1Q earnings to $15.8 mil

Stanislaus Jude Chan
Stanislaus Jude Chan4/30/2018 07:26 AM GMT+08  • 1 min read
Raffles Medical posts 1.7% rise in 1Q earnings to $15.8 mil
SINGAPORE (Apr 30): Raffles Medical Group posts a 1.7% increase in earnings to $15.8 million for the 1Q ended March, from $15.5 million a year ago.
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SINGAPORE (Apr 30): Raffles Medical Group posts a 1.7% increase in earnings to $15.8 million for the 1Q ended March, from $15.5 million a year ago.

1Q18 revenue grew 4.6% to $120.2 million, from $114.9 million a year ago, as revenue from its Healthcare Services division and its Hospital Services division grew by 6.8% and 4.2%, respectively.

Increase in revenue from the Healthcare Services division was mainly due to an increase in local patient load as well as a new contract for air borders screening services, while the growth in revenue from the Hospital Services division was contributed mainly by an increase in local patients.

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