Q&M's Q3 net profit up 22% to $4.3m

Dental outlets in Singapore contributed higher earnings.

Private dental healthcare group Q&M posted a sweet increase in earnings for the quarter ending in September, climbing by 22% to $4.3m.

The group explained that this is mainly due to a higher revenue record, driven 22% uptick in dental and medical clinics revenue to $29m.

"The increase of $5.3m was attributed to higher revenue from existing and new dental outlets in Singapore," the group said.

More so, the revenue spike was also on back of its recent acquisitions. As of the said quarter, the group had a total of 70 dental outlets, four medical outlest and one aesthetic centre in operations.

Q&M Dental Group CEO Ng Chin Siau said the group is confident that demand for its service will grow.

"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," Ng said.

He furthered that the group will remain committed in expanding its operations in the region.