Raffles Medical Group First Half 2024 Earnings: EPS: S$0.017 (vs S$0.032 in 1H 2023)

Raffles Medical Group (SGX:BSL) First Half 2024 Results

Key Financial Results

• Revenue: S$365.7m (down 1.4% from 1H 2023).
• Net income: S$30.6m (down 49% from 1H 2023).
• Profit margin: 8.4% (down from 16% in 1H 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: S$0.017 (down from S$0.032 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Raffles Medical Group Earnings Insights

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Healthcare industry in Asia.

Performance of the market in Singapore.

The company's shares are down 3.5% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Raffles Medical Group that you should be aware of before investing here.

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