As Singapore’s population ages, there has been an increased focus on healthcare in recent years.
The group designs healthcare solutions for its clients and has arrangements with insurers and service corporations to offer healthcare and treatment at private hospitals. For 1H2022, TMG reported a 24.6% year on year jump in revenue to S$145.4 million while operating profit increased by 18.4% year on year to S$30.9 million.The improved results were driven by an increase in patient loads, higher average bill sizes, and project-related services.
SPC saw a 70.9% year on year surge in revenue to S$8.3 million, driven by a sharp increase in patients due to the group’s participation in the national vaccination programme and the establishment of theOperating profit soared by 180% year on year to S$2.8 million and net profit more than tripled year on year from S$0.7 million to S$2.3 million.
The group proposed a final dividend of S$0.0075, higher than the S$0.007 that was paid out a year ago.Raffles Medical Group, or RMG, is an integrated healthcare provider with a network of three tertiary hospitals and over 100 multidisciplinary clinics.