Net profit up 37% in Q1 for Q&M Dental Group
Published on May 14, 2014 9:45 AM
SINGAPORE- Q&M Dental Group said on Wednesday its net profit for the first quarter ended March 31 rose 37 per cent from a year ago to $1.5 million.
This was supported by a 28 per cent increase in revenue to $19.5 million, on higher takings from the group's dental and medical clinics as well as its dental equipment and supplies distribution business.
Revenue from its dental and medical clinics rose 20 per cent to $17.8 million, from $14.9 million a year ago, it said. Existing outlets contributed $1.7 million of the increase, while new outlets in Singapore and Malaysia accounted for the remaining $1.2 million.
The group's acquisition of a dental equipment and supplies distribution company, AR Dental Supplies in Malaysia, also helped it boost revenue from this area. Revenue from this business rose to $1.7 million in the quarter from $0.3 million the previous year.
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