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Singapore O&G reports 15.5% earnings decline to $2.1 mil on higher operational expenses

Michelle Zhu
Michelle Zhu5/9/2019 07:57 PM GMT+08  • 2 min read
Singapore O&G reports 15.5% earnings decline to $2.1 mil on higher operational expenses
SINGAPORE (May 9): Singapore O&G (SOG) has reported earnings of $2.1 million for 1Q19, down 15.5% from $2.5 million a year ago due to higher operational expenses.
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SINGAPORE (May 9): Singapore O&G (SOG) has reported earnings of $2.1 million for 1Q19, down 15.5% from $2.5 million a year ago due to higher operational expenses.

This translates earnings per share (EPS) of 0.44 cent, down from 0.52 cent in 1Q18 although net asset value (NAV) per share grew to 9.79 cents as at end-March from 9.35 cents as at end-2018.

Revenue for the quarter grew 6.5% on-year to $8.7 million from $8.2 million previously as the group achieved revenue growth across its Obstetrics & Gynaecology (O&G), Cancer-related and Paediatrics segments.

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