Saturday, May 23, 2015Saturday, May 23, 2015

Q&M Dental Group posts 33% rise in Q2 profits on higher revenue

Published on Aug 11, 2014 11:00 AM

SINGAPORE - Steady growth at its clinics helped Q&M Dental Group log higher revenue and earnings for the three months to June 30.

The dental healthcare group said on Monday its second-quarter net profit rose 33 per cent over the previous year to $1.2 million, while revenue climbed 28 per cent to $20.3 million in the period.

Revenue from the group's dental and medical clinics increased 17 per cent to $18.4 million, due to both increased business at its existing clinics as well as contributions from new dental and medical outlets in Singapore and Malaysia.

Meanwhile, revenue from its dental equipment and supplies distribution business also jumped nearly 10 times to $1.87 million, from $185,000 a year ago. This came after the group acquired Malaysia-based dental equipment and supplies distribution company AR Dental Supplies.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!