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SMG reports record 1Q21 revenue and net profit on higher diagnostic & aesthetics business

Felicia Tan
Felicia Tan • 3 min read
SMG reports record 1Q21 revenue and net profit on higher diagnostic & aesthetics business
The group also posted its first share of profits of JV entities and associates, reversing from its loss in the year before.
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Singapore Medical Group has announced revenue of $24.8 million for the 1QFY2021, making this the group’s all-time quarterly high.

The quarter’s revenue represents a 7.6% y-o-y growth from the corresponding period the year before.

The higher topline was mainly attributed to an increase in the group’s Diagnostic & Aesthetics business segment, which saw a surge in demand for aesthetics, LASIK and diagnostic imaging related services.

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