Healthway Medical Corp’s 3Q earnings more than halved to $3 million from $10.7 million a year earlier.
Revenue for the three months ended Sept 30 rose 7.6% to $23.2 million, mainly due to an increase in patient load and an increased contribution from the Primary Healthcare and Specialist & Wellness Healthcare segments.
Operating costs rose 26.8% to $28.5 million, owing to higher staff costs and medical supply expenses, an impairment loss of $1.5 million recognised for loan receivables from medical centres in China, as well as an impairment loss of $3 million recognised for other receivables from a non-related company.
The stock closed 2.9% lower at 3.4 cents.
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Revenue for the three months ended Sept 30 rose 7.6% to $23.2 million, mainly due to an increase in patient load and an increased contribution from the Primary Healthcare and Specialist & Wellness Healthcare segments.
Operating costs rose 26.8% to $28.5 million, owing to higher staff costs and medical supply expenses, an impairment loss of $1.5 million recognised for loan receivables from medical centres in China, as well as an impairment loss of $3 million recognised for other receivables from a non-related company.
The stock closed 2.9% lower at 3.4 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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