The increase in revenue was also partly due to lower discounts given in India and the Philippines in lieu of more value-added services provided to clients in these countries.
SINGAPORE (Nov 9): Cordlife Group has swung back to profitability in 1Q18, posting earnings of $649,000 compared to a loss of $574,000 in 1Q17.
Revenue for the first quarter ended September was 13.2% higher at $16.6 million from $14.7 million a year ago, mainly due to an increase in newborn deliveries to 6,700 in 1Q18 from 6,300 in 1Q17.
