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Raffles Medical Group's full-year earnings rise 49% to $84.9m

Published on Feb 24, 2014 2:48 PM

Raffles Medical Group said on Monday that full-year net profit rose 49.3 per cent to $84.9 million.

It cited the strong revenue growth, improved operating leverage and operational efficiencies, and revaluation gains and the disposal of the subsidiary that owned the 30 Bideford Road property.

Revenue for the 12 months to Dec 31 rose 9.4 per cent to $341 million.

Turnover from hospital services and healthcare services expanded, said Raffles Medical in its results announcement.

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