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Results Announcement for Q3 2004 |
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8 November 2004
Results Announcement for Q3 2004
(unaudited figures $'000)
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Third Quarter |
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Year-to-Date |
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| 3Q 2004 |
3Q 2003 |
% change |
30/9/04 |
30/9/03 |
% change |
| Revenue |
25,632 |
25,552 |
+0.3 |
75,817 |
70,951 |
+6.9 |
| EBITDA |
3,620 |
3,264 |
+10.9 |
11,078 |
9,583 |
+15.6 |
| Pre Tax Profit |
2,846 |
2,391 |
+19.0 |
8,692 |
7,008 |
+24.0 |
| Net Profit After Tax & Minority Interests |
2,295 |
1,825 |
+25.8 |
6,934 |
5,389 |
+28.7 |
| Earnings per Share (cts) |
0.58 |
0.47 |
+23.4 |
1.76 |
1.39 |
+26.6 |
| Net Asset Value per Share (cts) |
24.71 |
24.86* |
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25.54 |
26.53* |
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* As at 31 Dec 2003
Highlights of Q3 2004 Group Performance
- Group achieved 25.8% growth in Net Profit After Tax and Minority Interests (NPATMI), to $2.30 million in Q3 2004.
- For the first nine months of 2004, the Group's NPATMI grew 28.7% to $6.93 million.
- Hospital services accounted for the more significant part of the growth in Q3 2004, recording a revenue growth of 24.6 % over Q3 2003.
- Hospital admissions surged 17.9% whilst outpatient services grew 14.8% in the same period.
- The Island Hospital acquisition is expected to contribute significantly to the Group from 2Q 2005.
Raffles Medical Group is one of the leading integrated private healthcare providers in Singapore and the region. With its flagship Raffles Hospital, a network of 60 clinics across Singapore, four clinics in Hong Kong and a representative office in Indonesia, Raffles Medical Group is fast expanding beyond its traditional markets to the region and beyond.
Raffles Hospital, the flagship hospital of Raffles Medical Group, is a 380-bed private tertiary hospital offering a wide range of specialist medical and diagnostic services for both inpatients and outpatients. Representing more than 30 disciplines, hospital specialists practise as group, combining sub-specialty expertise and teamwork to ensure optimal, affordable and high quality care for patients.
Raffles Health, the Group's personal healthcare unit, was introduced to develop and market quality healthcare products to promote personal health and well-being.
For more information, please refer to our website at www.rafflesmedical.com.
To Our Patients Our Best
Raffles Medical Group Ltd Registration No. 198901967K
585 North Bridge Road #11-00 Raffles Hospital Singapore 188770
Tel: 6311 1111 Fax 6338 1318
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