ISEC Healthcare has proposed a special dividend of 0.98 cents per share in addition to a final dividend of 0.78 cents per share. Together with the interim dividend of 0.78 cents per share, this brings the total dividend for FY18 to 2.54 cents per share or $13.1 million, or 151% of the group’s earnings for FY18.
SINGAPORE (Feb 26): ISEC Healthcare, the regional provider of a comprehensive suite of medical eye-care services with ambulatory surgical centres, generated a 10% increase in FY18 earnings to $8.7 million, or 1.63 cents per share, from a year ago. This came on the back of higher revenue, which expanded 9% y-o-y to $40.4 million.
ISEC says stronger full-year topline was due to higher revenue from an increase in patient visits at its specialised eye-care centres in Malaysia and Singapore. In Malaysia, the group’s revenue rose 11% to $31 million while its Singapore operations garnered a 5% increase in revenue to $9.4 million over the same period. Rising in tandem with the topline, gross profit came in 11% higher y-o-y at $19.5 million with gross profit margin also increasing 0.8 points to 48.1% in FY18.
