Q & M Dental's profit skyrockets 84% YoY in H1 2024

The company's EPS stood at $1.04.

Q & M Dental Group saw its profit after tax propel by 78% year-on-year (YoY) to $10.8m in the first six months of the year (H1 2024), which was attributed to the 2% YoY rise in its revenue of $88.8m.

The group's earnings per share (EPS) by the end of H1 2024 stood at $1.04, 86% higher on a YoY basis.

"This significant growth underscores the strength of our dental healthcare business, which has remained steady and resilient despite the challenges of recent years with our total EBITDA for the period also increasing by 27% to $23.4m compared to the same period last year," Ng Chin Siau, group chief executive officer of Q & M, said in a local bourse filing.

Despite the increase noted in revenues, this was partially offset by lower revenue contribution from the group’s medical laboratory and dental distribution segments, as well as lower profit guarantee income.