Stock Market Update : Raffles Medical Group stable growth .

On the other hand first quarterly aftereffects of 2016, Raffles Medical Group (RMG) had a steady development. Benefits for the period expanded 1% to $15.2 million year-on-year. Income really developed by 23.0% from $95.0 million in Q1 2015 to $116.9 million in Q1 2016. The expansion in income was driven by higher business volume emerging expanded patient burden.

Amid this period, the administration of RMG did not figure out how to control lease costs and staff costs. This has brought about higher income being balanced by higher costs. In any case, the Group’s net money position expanded from $53.8 million as at 31 December 2015 to $78.4 million as at 31 March 2016. This was because of solid working money streams produced from expanded business operations.

Aside from having a solid income, RMG has a solid monetary record too. Current resources developed from $170 million as at 31 December 2015 to $216 million as at 31 March 2016. Correspondingly, the aggregate liabilities additionally expanded from $192 million to $226 million. The expanded liabilities was because of expanded …

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