Thomson Medical profit balloons 572.7% to $41.27m in H1

Higher profits were boosted by several factors including increase patient load.

Thomson Medical Group (TMG) reported a whopping 572.7% increase in its profit attributable to the owners to $41.27m for the first six months of 2022 ended 30 June.

The group recorded an increase of 52.2% to $188.32m in its revenues for the year's first half (H1). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 123% to $70.28m in H1.

The group said higher profits were boosted by an increase in patient load, larger average bill size, COVID-19-related projects, and the opening of a new wing in Malaysia.

These results translated to earnings per share of $0.156 compared to $0.023 a year ago.