News

Healthcare

Staff Reporter

, Singapore

Published:

2 years ago

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

Raffles Medical Group

Also Read

Near-infrared imaging market set for 4% CAGR growth through 2032

Point-of-care diagnostics market to reach $65.9b by 2029

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!

I want to download the media kit

Top News

Near-infrared imaging market set for 4% CAGR growth through 2032

It is primarily driven by the medical sector.

Healthcare

4 days ago

Point-of-care diagnostics market to reach $65.9b by 2029

It is expected to grow at a CAGR of 10.2% during the forecast period.

Healthcare

4 days ago

Geraldton Health Campus redevelopment progresses with structural works

The campus will feature a new intensive care unit and a high-dependency unit.

Healthcare

4 days ago

Australian gov’t appoints contractor for Hedland MRI suite

The suite will include rooms for scanning, control, and anaesthetic preparation.

Healthcare

4 days ago

Exclusives

Hong Kong seeks prescription for nursing shortage

The city must improve working conditions and offer nurses better pay.

Healthcare

Outpatient care eases pressure on Singapore hospitals

Hospitalisation is more expensive due to room charges, nursing care, and other fees.

Healthcare

NUHCS to start using breakthrough drug for rare lung condition

Winrevair, which treats hypertension from constricted lung arteries, costs $3,700-$6,730

Healthcare

Challenges persist in Singapore's aged care homes

Their services are routinary and not personalised mainly due to resource constraints.

Healthcare

Event News

Healthcare Medical Fair Asia and Medical Manufacturing Asia fosters connections, collaborations in the healthcare and medical technology industry

The trade show, which was held in Singapore, successfully brought together over 13,000 visionary digital health innovators, government leaders, and industry pioneers from the medical and healthcare sectors.