Singapore O&G profits decline 3.3% to $2.3m in Q3

The decline is partly due to lower requests for fertility and delivery services.

However, revenue increased by 2.4% YoY to $7.7m due to contributions from the $0.1m increase in revenue cancer-related and dermatology segments. The contribution from the new clinic, SOG Children (Paediatrics-East) Clinic (PAED Clinic) which began operations last July was able to offset the decrease of $0.1m in its obstetrics and gynecology segment.

According to Rachel Tan of DBS Equity Research, the medical group is forecasted to show a stronger 14-16 % growth from contributions from its cancer and pediatrics divisions, newly built fertility division, and dermatology segments.

Tan added that SOG could stand to gain if it goes active in the M&A space once again.