RafflesMed – BT

Raffles Med posts 11% gain in Q1 profits

Raffles Medical Group posted net profit of S$11.6 million in the first quarter of 2012, an increase of 10.9 per cent from the same period last year.

The Group said that the increase was due to an overall improved operating performance driven by higher patient load and patient acuity.

As at 31 Mar, the Group had a healthy cash position of S$61.1 million.

Revenue rose 13.2 per cent to S$72.9 million from S$64.4 million last year.

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