The increase in revenue from Healthcare Services was contributed mainly by increase in premium from existing and new clients, Primary Care Network (PCN) Scheme and projects, while revenue from the Hospital Services division grew mainly due to the higher utilisation of in-patient capacities.
SINGAPORE (April 29): Raffles Medical Group (RMG) has announced earnings of $13.65 million for the 1Q ended March, down 13.7% y-o-y from $15.8 million on start-up costs for Raffles Hospital Chongqing.
Revenue for the quarter grew 6.7% to $128.3 million from $120.2 million a year ago on higher contributions from the Healthcare Services and Hospital Services divisions, where revenue grew by 8.9% and 3.2% respectively.
