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.
-- 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.