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Singapore O&G 1H earnings fall 6.4% to $4.1 mil

PC Lee
PC Lee • 2 min read
Singapore O&G 1H earnings fall 6.4% to $4.1 mil
SINGAPORE (Aug 10): Singapore O&G, the specialist in women’s and children’s healthcare, announced 1H17 earnings fell 6.4% to $4.1 million from $4.4 million a year ago.
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SINGAPORE (Aug 10): Singapore O&G, the specialist in women’s and children’s healthcare, announced 1H17 earnings fell 6.4% to $4.1 million from $4.4 million a year ago.

Revenue increased by 2.2% to $14.2 million over the same period last year but EBITDA declined marginally by S$0.2 million or 3.8%, resulting in a corresponding decrease in net profit after tax margin from 31.8% for 1H16 to 29.1% for 1H17.

Singapore O&G says birth rate in Singapore experienced a slight decline in 2Q17 due to the delayed effect of Zika but the impact on the Obstetrics segment of the group was minimal as it still managed to deliver 794 babies in 1H17, only seven less than the same period last year.

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