As profit rises, Raffles Medical answers calls for stock split
PUBLISHED ONFebruary 22, 2016 2:23 PMByJustina Lee
SINGAPORE -- Raffles Medical Group posted a 4.9 per cent increase in net profit for 2015, to 67.7 million Singapore dollars (US$48.23 million). The city-state's largest health care provider also announced plans for a stock split.
The profit figure excludes fair value gains on investment properties. Revenue grew by 9.6 per cent in 2015 to S$410.5 million. By segment, health care services revenue rose 14.6 per cent on the year, thanks to the expansion of Raffles Medical's clinic network; hospital services revenue rose 7 per cent on contributions from more specialist consultants and higher patient numbers.
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