Q & M Dental Group posted a 3% increase in net profit attributable to shareholders to $2.8 million for the 3 months ended 30 Sept 2016 (“3Q16”), from $2.7 million for the corresponding quarter in 2015.
 “With the rising affluence and aging population in the region coupled with government initiatives focused on dentistry, dental awareness is increasing as part of the overall focus on healthcare resulting in an increasing demand for dental healthcare services. We are confident that demand for the Group’s service will grow and we remain committed to expanding our operations in the region.” -- Dr Ng Chin Siau, Group CEO (NextInsight file photo) |
Revenue from its dental and medical clinics for 3Q16 increased by 22% to $29.0 million, attributable to higher revenue from existing and new dental outlets in Singapore, and several recent acquisitions.
As at 30 September 2016, the Group had a total of 70 dental outlets, 4 medical outlets and 1 aesthetic centre in operations, compared to 65 dental outlets, 3 medical outlets, 1 aesthetic centre as at the end of 3Q15 in Singapore.
In Malaysia, it had a total of 8 dental outlets while in China, 4 dental hospitals and 7 dental outlets.
| Q & M | 74.5 cents |
| 52-week range | 63-81 cents |
| Market cap | S$593 million |
| PE (ttm) | 48 |
| Dividend yield | 1.13% |
| Net asset value | 12.2 cents/share |
| Source: Bloomberg, Company | |
As at end-3Q2015, in comparison, it had 8 dental outlets in Malaysia and 3 dental hospitals and 4 dental outlets in China.
For the nine months ended 30 September 2016, the Group’s net profit after tax was $13.4 million, compared with $12.8 million in 9M2015.
As at 30 September 2016, the Group had cash and cash equivalents of $46.3 million.
For more details, see company's announcement.
