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”.
SEE: Singapore O&G expands spectrum of healthcare services for long-term growth
The group reported an impairment loss on goodwill of $11.9 million FY2019.
Shares in SOG closed flat at 24.5 cents on Feb 10.
