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TalkMed 4Q earnings grow 16.4% to $9.6 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan2/19/2019 08:55 PM GMT+08  • 2 min read
TalkMed 4Q earnings grow 16.4% to $9.6 mil on higher revenue
SINGAPORE (Feb 19): TalkMed Group posted a 16.4% increase in earnings to $9.6 million for the 4Q18 ended December, from $8.2 million a year ago.
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SINGAPORE (Feb 19): TalkMed Group posted a 16.4% increase in earnings to $9.6 million for the 4Q18 ended December, from $8.2 million a year ago.

However, the improved 4Q failed to stop the private healthcare services provider from registering a 9.8% decline in earnings for the full year. TalkMed saw its FY18 earnings fall to $28.9 million, from $32.0 million in FY17.

The increase in revenue in 4Q18 was mainly attributed to an increase in the number of patient visits. As a result, 4Q revenue jumped 25.2% to $19.0 million, from $15.1 million a year ago.

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