Singapore O&G (SOG), a company that specialises in providing healthcare services to women and children, has reported that it expects to record net profit after tax (NPAT) in the FY2020 ended December compared to the net loss after tax in FY2019.
The position is mainly due to the absence of an impairment of goodwill for FY2020 as the “recoverable amount of the cash generating unit of [the group’s] Dermatology segment is expected to exceed the carrying amount as at Dec 31, 2020”.
