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Singapore's AsiaMedic HY loss narrows sharply on diagnostic imaging growth

Singapore's AsiaMedic HY loss narrows sharply on diagnostic imaging growth


Overview

  • Singapore healthcare provider's half-year revenue fell 2% yr/yr to S$16.2 mln

  • Company's half-year loss narrowed 93% yr/yr


Outlook

  • Company did not provide specific financial guidance or outlook for the current or future periods in the press release


Result Drivers

  • EXPENSE REDUCTIONS - Lower personnel, depreciation, finance, and other operating expenses contributed to narrowing the half-year loss

  • DIAGNOSTIC IMAGING GROWTH - Diagnostic imaging and radiology services increased 22% and remained the Group's largest revenue contributor, accounting for over 80% of total group revenue


Company press release: ID:nSN3QJs77


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

S$16.20 mln


Reuters Recommended Reads

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  • Aug 13 - Singapore's Hyphens Pharma half-year profit jumps as margins improve


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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