Startup costs from Raffles Medical's Chongqing Hospital expected to offset higher earnings

SINGAPORE (Oct 30): Raffles Medical Group reported 3Q18 earnings remain unchanged at $16.4 million compared to the previous year.

Revenue saw a slight 1.2% y-o-y increase to $121.4 million, as the group’s healthcare services division recorded an 8% growth in revenue due to an influx of new corporate clients and a new contract to provide Air Borders screening services.