Thanks to new specialist clinics boosting revenue.
Singapore O&G (SOG)’s FY15 profit soared 25.7% to $5.3m, thanks to an increase in the company’s revenue.
According to the company’s announcement, the revenue increase is on back of a full-year contribution from the company’s new cancer specialist clinics as well as an increase in patient loads of $1.4m in SOG’s obstetrics and gynaecology segment.
SOG asserted that while most expense categories grew in tandem with revenue, the company endeavours to limit its costs particularly for other operating expense category. Other operating costs inched up 1.9% YoY to $2.2m in FY15.
As at December last year, SOG’s balance sheet stayed robust with net asset value of $24m, which comprised mainly cash and cash equivalents of $24.2m. SOG also generated a net operating cash flow of $6.4m in 2015. Meanwhile, the company closed closed the year with no borrowings or debt securities.
As at 31 December 2015, the Group’s balance sheet remained healthy with net asset value of S$24.0 million which comprised mainly cash and cash equivalents of S$24.2 million. The Group generated a net operating cash flow of S$6.4 million for FY 2015. There were no borrowings and no debt securities.
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