Thomson Medical Group reports profit of $9.7 mil for 1H21 reversing from losses the year before

Thomson Medical Group (TMG) has reported profit of $9.7 million for the 1HFY2021 ended December, reversing from losses of $963,000 in the year before.

1HFY2021 revenue fell 1.3% y-o-y to $116.6 million due to the lower number of overall patient loads in Singapore and Malaysia due to the circuit breaker measures and movement control order (MCO) in both countries respectively.

Revenue from Specialised Services recorded a 2.7% y-o-y growth, though it was offset by a 3.6% y-o-y drop in Hospital Services.