Earnings of healthcare provider Raffles Medical Group plunged 38.2% to $17.2 million for 1H2020 ended June, from $27.9 million a year ago, following the deferment of elective surgeries and a dip in foreign patients during the circuit breaker period.

This translates to earnings per share (EPS) of 94 cents on a fully diluted basis, down 39.4% compared to the 1.55 cents in 1H2019.

Revenue for the first six months of the year inched down by 5.4% to $241.4 million, following a 14.5% dip in income to its Hospital Services division to $148.1 million. 

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