Q & M Dental Group (Singapore) Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Q & M Dental Group (Singapore) (SGX:QC7) Full Year 2023 Results

Key Financial Results

• Revenue: S$182.7m (flat on FY 2022).
• Net income: S$11.5m (up 1.8% from FY 2022).
• Profit margin: 6.3% (up from 6.2% in FY 2022).
• EPS: S$0.012 (in line with FY 2022).

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

Q & M Dental Group (Singapore) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 2.4%.

The primary driver behind last 12 months revenue was the Primary Healthcare segment contributing a total revenue of S$167.8m (92% of total revenue). Notably, cost of sales worth S$131.5m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to S$17.8m (45% of total expenses). Explore how QC7's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare industry in Asia.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Q & M Dental Group (Singapore).

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