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HC Surgical Posts Lower Profit, Revenue in July-December 2021 Amid COVID-19 Concerns

MT Newswires ·  {{timeTz}}

11:52 PM EST, 01/11/2022 (MT Newswires) -- HC Surgical Specialists (SGX:1B1) booked a profit attributable to owners of SG$4.6 million ($3.4 million) in the six months ended Dec. 31, 2021, down 7.2% from SG$5.0 million a year ago.

Earnings per share went down to SG$0.0312 from SG$0.0332 in the year-ago period, according to a Tuesday bourse filing.

Revenue for the half-year dropped 5.2% year over year to SG$10.4 million from SG$11.0 million, mainly due to the rising threat of COVID‐19 amid increasing community cases, compared with the pent‐up demand post circuit breaker in the year-ago period.

The medical services group declared an interim dividend of SG$0.014 per share for the reporting period, which is payable on Jan. 28.

Price (SGD): S$0.55, Change: S$-0.01, Percent Change: -0.91%

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