SMG's first quarter revenue up by more than 28%

Establishment of new eye, aesthetics and critical illness clinics is the key to Singapore Medical Group's success.

Singapore Medical Group Limited on Wednesday announced that it has gained more than 28% in revenue to S$18.7 million for the 6 months ended 30 June 2010.

In its financial report, the group said the amount was approximately S$4.1 million higher than what was achieved in the same period of 2009.

Moreover, SMG said it has also registered a gross profit of S$10.5 million, up by S$2.4 million compared to first half of last year, representing a 30% growth.

Contributing to the growth were Eye Cluster sales which grew by 23%, the Aesthetics Cluster sales which grew by 43%, and the Critical Illness Cluster which grew by 72%.

CEO of SMG, Dr Cheryl Baumann, said, “SMG believes that there are strong opportunities for growth in healthcare, the improvement was largely contributed by the newer clinics under the Eye, the Aesthetics and the Critical Illness Clusters, which have begun to mature and started to operate at more optimised capacities this year.”

SMG’s profit before tax for in the first half was over S$2.0 million, an improvement of 101%. It has ended a cash position of S$7.1 million. The group’s net assets were S$6.2 million, an increase of S$1.4 million from S$4.8 million during this period in 2009.

To reward the shareholders, the SMG Board is recommending an interim, tax-exempt dividend of 0.82 SGD cents per ordinary share, equivalent to a dividend payout ratio of 70% and an annualised dividend yield of 9% for the first half of 2010, the SMG release said.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia