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OUE Healthcare posts 77% YoY higher profit tax of $57.5m in FY23
The company also recorded a 33% YoY higher revenue for the period.
OUE Healthcare recorded a profit after tax of $57.5m in FY23, a 77% jump from FY22.
Based on its latest financial statement, the company also recorded a 33% YoY higher revenue of $159.2m.
The healthcare provider attributed its improved revenue to “consolidation of the full year results of First REIT and the Medical Partners, as well as higher revenue recorded by Wuxi Lippo Xi Nan hospital and the China pharmaceutical distribution business.”
With higher profit after tax, the company’s profit attributable to its owners also rose, increasing by 83% YoY to $8.05m.
READ MORE: OUE Healthcare expects higher profit for 2H23 and FY23
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