Q&M Dental shines with 9% rise in full year profit to $5 million

Q&M Dental Group has posted a 9 per cent rise in net profit to $5 million.

Revenue for the year ended Dec 31 surged by 19.4 per cent to $57 million, due mainly to higher revenue from existing dental outlets as well as contributions from new outlets in Singapore and Malaysia.

At the end of last year, the group had a total of 55 dental outlets here, up from 49 as at the end of 2011.

Revenue contribution from the dental equipment and supplies distribution business doubled to $2 million, due to the acquisition of the business in the middle of 2011.

Earnings per share climbed to 0.91 cent from 0.83 cent previously while net asset value per share grew by 0.3 cent to 5.2 cents.

Looking ahead, the group will be looking for opportunities to expand through acquisitions, joint ventures or strategic alliances in Singapore, Malaysia and China.

A final dividend of 0.375 cent a share was recommended.