Raffles Medical Group's net profit grows 6.9% in 2020

The healthcare supplier plans to proceed supporting efforts to deal with the COVID-19 pandemic.

Raffles Medical Group reported a web revenue of $64.670 million for the total 12 months of 2020, a 6.9% enhance from the $60.522 million it earned the earlier 12 months.

It attributed its revenue to fast motion from the federal government, permitting the corporate to retain its staff.

“The government’s timely support enabled the Group to retain all staff and avoid any retrenchment. In response to the impact on the Group’s operations, staff members of the Group’s workforce were effectively redeployed to support the Government’s national projects in the fight against COVID-19,” the corporate famous in a disclosure to the Singapore Change.

To reply to the pandemic, Raffles Medical Group has expanded their functionality to absorb extra sufferers underneath its Emergency Care Collaboration with the Ministry of Well being. The group has additionally supplied recent providers reminiscent of polymerace chain response and serology testing, and is working with the federal government on the nationwide vaccination drive.

Moing ahead, it plans to develop its digital healthcare choices and strengthen its foothold in China by its Beijing, Chongqing, and Shanghai hospitals.

For the following 5 years, beginning in 2021, Raffles Medical Group plans to dedicate 1% of its income to philantrophic packages.

“As a healthcare company and a home-grown Singapore brand, our unique Raffles’ experience, expertise and infrastructure will empower us to make a significant difference and impact many lives in our communities,” mentioned government chairman Dr. Lavatory Choon Yong in an announcement.