Updated: 02/24/2014 19:42

Raffles Medical net profit jumped 49.1% in FY



Raffles Medical net profit jumped 49.1% in FY

Raffles Medical Group booked a net profit of about 49 percent in the full-year ended December, from a year ago, to over $85 million.

The healthcare service provider says the sterling performance was contributed by strong revenue growth coupled with improved operating leverage and operational efficiencies. 

It added that earnings was also boosted by the revaluation gain and sale of a subsidiary. 

Revenue grew 9.4 percent to about $341 million. 

Hence, Raffles Medical is recommending a final dividend of 4 cents a share

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