21 Feb '11, 4am

[CNA] Raffles Medical Group's full year net profit up 19.5%

[CNA] Raffles Medical Group's full year net profit up 19.5%

SINGAPORE: Healthcare services provider, Raffles Medical Group, has reported a 19.5 per cent increase in full year net profit to S$45.2 million. Revenue over the period rose 9.4 per cent to S$239 million. All divisions in the Group continued to contribute positively to the growth in revenue with Hospital Services seeing a 12.2 per cent jump in revenue and Healthcare Services registering a 6.1 per cent increase. Going forward, the Group said its architectural consultants are finalizing the design scheme for the 102 thousand square foot expansion of Raffles Hospital and liaising with the authorities on the relevant submissions. It expects construction to commence in the second half of this year. Raffles said the additional area will enable it to expand existing clinical services as well as to develop new facilities and services at the hospital. Separately, Raffles Medical sa...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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