, Singapore

Raffles Med’s net profit up 2.3% to $16m in Q2

Thanks to higher patient load.

Raffles Medical Group reported that its net profit grew 2.3% to $16m in the second quarter.

The growth was achieved on back of higher patient load, but was partly offset by higher operating expenses due to expanded operations at Raffles Hospital and its medical centre in Shaw Centre.

The group declared a distribution per unit of 1.5 S cents, similar to its DPS in the same period last year.
 

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