News
HEALTHCARE | Staff Reporter, Singapore
view(s)

Raffles Medical Group profits up 1% to $16.4m in Q3

Revenue from it healthcare services segment offset the growth of the hospital services division.

Raffles Medical Group's (RMG) profits rose 1% YoY to $16.4m in Q3.

According to OCBC Investment Research, revenue rose 0.3% YoY to $119.6m

This was supported by growth in revenue from the hospital services division, which grew 3.1% on the back of an increase in local patient load.

However, revenue from healthcare services division decreased 4.2%, due to the lower renewal of international healthcare plans for expatriates.

OCBC Investment Research said the hospital projects in Chongqing and Shanghai continue to be targeted to be operational by the second half of both 2018 and 2019, respectively.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.