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Raffles Medical Group posts 20.1% rise in net profit to $38m in FY2009

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Raffles Medical Group, the private healthcare provider in Singapore and the region, says profit after tax for the group increased 20.1% from $31.7 million in 2008 to $38 million in 2009.

Revenue grew 8.9% from $200.8 million for financial year 2008 to $218.6 million with both Healthcare Services and Hospital Services divisions contributed positively to the growth increasing in revenue by 10.2% and 7.9% respectively.

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