Gross profit margin decreased to 33% from 34.4% the year before due to StarMed Specialist Centre (SSC), its new ambulatory care centre in Singapore which started operations in 1Q19.
SINGAPORE (Aug 19): Regional healthcare provider Health Management International (HMI) on Monday night reported earnings fell 11% to RM13.5 million ($4.5 million), or 1.61 sen per share, for the 4Q19 ended June 30, down from RM15.2 million a year ago.
This was despite revenue rising 10% to RM131.1 million from a year ago mainly due to higher patient load and average bill sizes. The group's education business also registered a RM0.5 million decrease in revenue due to lower student headcount.
