SINGAPORE - Q&M Dental Group (Singapore) posted a 33 per cent rise in earnings to $8.6 million on the back of a 26 per cent jump in revenue to $84 million.
The increase in revenue of $17.1 million was attributed to higher revenue from existing dental outlets, contributions from new dental and medical outlets in Singapore and in Malaysia as well as the acquisition of Aoxin in China in July 2014.
As at Dec 31, the group has a total of 60 dental outlets, one mobile dental clinic, three medical outlets, one aesthetic centre and two specialist medical clinics in operations, compared to 56 dental outlets, one mobile dental clinic, four medical outlets, one aesthetic centre and two specialist medical clinics at the end of 2013.
Revenue contribution from the dental equipment and supplies distribution business surged by 120 per cent to $9.4 million, mainly due to the acquisition of a dental equipment and supplies distribution company in Malaysia in July 2013.
Earnings per share firmed to 1.2 cents from 0.93 cent previously while net asset value per share rose to 9.8 cents compared to 7.6 cents a year earlier.
The company is proposing a lower final dividend of 0.32 cent a share, down from 0.66 cent last year.