As Q&M’s 9MFY2021 ended September 2021 numbers show, revenue rose 36% y-o-y to $116.6 million while earnings nearly doubled to $27.3 million, thanks to maiden contributions from testing services even as revenue from core dental services grew.
Even before the pandemic, Q&M Dental Group (Singapore) was already Singapore’s largest private dental chain with 90 clinics across the country. It also has 37 clinics in Malaysia and one in China.
When the pandemic struck in 2020, Q&M, led by CEO Dr Ng Chin Siau, was able to tap new opportunities. Seeing how testing for Covid would practically become a way of life, it went big into testing services, acquiring Acumen Diagnostics, which sells and distributes Covid test kits on top of providing Covid-19 lab-testing capabilities. That paid off.
