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HC Surgical Specialists reports another year of lower earnings at $2.8 million for FY2023

Nicole Lim
Nicole Lim • 2 min read
HC Surgical Specialists reports another year of lower earnings at $2.8 million for FY2023
This is a 56.3% decrease from the year before, where earnings per share dropped from 4.28 cents to 1.87 cents. Photo: Albert Chua/The Edge Singapore
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HC Surgical Specialists (HCSS) (SGX:1B1) has reported another year of lower earnings at $2.8 million for its FY2023 ended May 31, a 56.3% decrease from FY2022, as it booked losses from its investments in other listed companies.

Earnings per share fell 56.3% to 1.87 cents from 4.28 cents the previous year, while revenue fell 1.2% to $19.08 million from $19.31 million in FY2022.

This is due to non-operational losses, amounting to $3.5 million as compared to non-operational gains of $0.3 million in FY2022.

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