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Q&M posts lower earnings on plunge in Covid-testing revenue, withholds interim dividend

The Edge Singapore
The Edge Singapore  • 1 min read
Q&M posts lower earnings on plunge in Covid-testing revenue, withholds interim dividend
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Q&M Dental Group (Singapore) has reported lower earnings in tandem with a drop in testing services no longer as in high demand as before.

For 2QFY2022 ended June, earning was down 60% y-o-y to $3.4 million, on the back of 13% drop in revenue to $44.1 million.

For 1HFY2022 ended June, earnings was down 45% y-o-y to $9.9 million. Revenue, meanwhile, was down 4% y-o-y to $90.9 million.

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