Raffles Medical Group pulls in $56.8 million full year profit

A HIGHER patient load, together with an improved and increased range of medical services, has helped boost full year profits for Raffles Medical Group by 12.8 per cent to $56.8 million.

The private healthcare operater's revenue for the year ended Dec 31 jumped 14.2 per cent to $311.6 million.

Raffles medical said the better set of figures came despite increases in healthcare manpower costs owing to industry-wide salary adjustments and other higher operating costs.

In the past 12 months, overseas patient numbers from international insurance companies, medical assistance organisations and the group's other partners have grown.