Thomson Medical's profits rose 39.5% in Q4 to $4.2m

Profits grew due to the absence of impairment loss on development and investment properties.

Thomson Medical has posted a 39.5% jump in its profits in Q4 at $4.2m, from $3m in the same quarter in 2018. Revenues for the quarter grew 4.3% to $58.6m.

The upward growth in profits was mainly due to the absence of impairment loss on development and investment properties in the quarter.

Meanwhile, the expansion on revenues was on the back of higher overall inpatient load, increased average bill sizes and greater revenue intensity in the Group’s hospitals and specialist clinics in Singapore and Malaysia.

For 12M 2019, revenues stretched 6.6% to $229.8m, from $215.6m in 12M 2018. The increase was similarly attributed to a jump in overall patient load and expanded average bill sizes.

The company is in the process of developing an additional obstetrics and gynaecology clinic to its existing network as well as expanding its pediatric operations.

The company’s Thomson Hospital Kota Damansara in Malaysia is also being extended to add 400 beds.