Strong Growth in Premium Healthcare

Thomson Medical Centre has reported a 30 per cent increase in net profit for its fiscal fourth quarter, on the back of strong growth from its core business of providing premium healthcare services to women and children. Thomson Medical's net income rose to $3.4 million for the quarter ended Aug 31, 2009, from $2.6 million the year before. Its group revenue jumped 19.6 per cent to about $18.0 million. The group's revenue from its hospital operations and ancillary services segment rose 14.5 per cent to $13.5 million. One driving factor was the 21 per cent rise in revenue for both obstetrics and gynaecology services. The group also delivered 240 more babies compared with the year-ago period, bringing the total delivered for the quarter to 2,279. Revenue from the specialised and other services segment climbed 37.9 per cent to $4.5 million. For the full year to Aug 31, net profit rose 14 per cent to $12.72 million with revenue up 11.8 per cent at $67.4 million. It declared a final dividend of 1.5 cents and a special dividend of 0.3 cents a share.