Raffles Medical H1 profit surges 54.4%  | Healthcare Asia Magazine
, Singapore
File photo.

Raffles Medical H1 profit surges 54.4% 

Patient numbers had increased on the back of recovering medical tourism.

Raffles Medical reported a profit after tax increase of 54.4% amounting to $60m, on the back of returning local and international patients seeking treatment in Singapore

ALSO READ: Singapore has a ratio of 1 hospital for more than 220,000 Singaporeans

The group said that with the resumption of air travel and relaxation of COVID-19-related travel protocols, the group’s revenue from its Healthcare division grew by 24.1% to $255.6m. 

The group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 43.5% from $74.5m in H1 2021 to $107m in H1 2022. Profit After Tax and Minority Interests (PATMI) grew 51.3% to $59.7m in H1 2022 from $39.4m last year. Revenue for H1 grew by 11.2% to $382.3m.

Follow the link for more news on

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!