bullish
Raffles Medical (RFMD SP): Stellar H1 Performance Driven by Resumption of Medical Tourism
382 Views02 Aug 2022 01:14
SUMMARY
- Raffles Medical (RFMD SP) reported strong H1 2022 results, with double-digit growth in revenue and net profit. With the resumption of international travel, the company is seeing increasing patients.
- While COVID-related revenue is declining, the company’s hospital business will benefit from the returning of foreign patients as well as resumption of elective surgeries for the domestic patients.
- Raffles Medical has received the approval to set up an IVF clinic in Hainan province of China.
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Tina Banerjee
Global Healthcare Analyst
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