SINGAPORE: Thomson Medical Group has reported a significant decline in its financial performance for the fiscal year 2024, with earnings plunging by 57.8% compared to the previous year.
The group’s net profit also saw a substantial decrease, dropping 52.5% year-on-year to $19.5 million from $41.1 million recorded in FY2023. TMG’s earnings before interest, taxes, depreciation, and amortization also experienced a slight decline of 0.9% year-on-year, settling at $102.4 million, compared to $103.3 million in the previous year.
As a result of the downturn, earnings per share for FY2024 fell to $0.058, a marked decrease from $0.138 in the prior period, reflecting the broader financial challenges faced by the group during the year. /TISGHailey and Justin Bieber welcome their babyKnow all the sports to be played at the 2024 Paralympic Games