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Singapore Medical Group reports 17.2% higher 4Q earnings of $2.9 mil on revenue growth

Michelle Zhu
Michelle Zhu2/19/2019 08:58 PM GMT+08  • 2 min read
Singapore Medical Group reports 17.2% higher 4Q earnings of $2.9 mil on revenue growth
SINGAPORE (Feb 19): Singapore Medical Group (SMG) posted a 17.2% rise in 4Q18 earnings to $2.9 million from $2.5 million a year ago, driven by increased revenue contributions from the health and diagnostic & aesthetic business segments.
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SINGAPORE (Feb 19): Singapore Medical Group (SMG) posted a 17.2% rise in 4Q18 earnings to $2.9 million from $2.5 million a year ago, driven by increased revenue contributions from the health and diagnostic & aesthetic business segments.

Revenue for the latest quarter grew 18.1% to $22.2 million from $18.8 million in 4Q17.

The health business segment’s kids clinics, which were acquired in 2H17, contributed $0.7 million more to the latest quarter’s topline growth on top of the organic growth of existing specialist clinics.

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