Raffles Medical Group Ltd Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Reports Property, Plant and Equipment Written Off for the Second Quarter Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
For the six months, the company reported revenue was SGD 240,391,000 against SGD 235,003,000 a year ago. Profit from operating activities was SGD 39,162,000 against SGD 37,665,000 a year ago. Profit before tax was SGD 39,138,000 against SGD 38,065,000 a year ago. Profit attributable to owners of the company was SGD 32,703,000 against SGD 32,308,000 a year ago. Diluted earnings per share were 1.84 cents against 1.83 cents a year ago. Net asset value per ordinary share 42.42 cents against 41.45 cents a year ago.
For the quarter, property, plant and equipment written off was SGD 18,000 against SGD 23,000 a year ago.
Based on the current economic outlook and barring unforeseen circumstances, the Directors expect the Group to grow and remain profitable in 2018.