Q&M Dental Group said the net profit for 3Q13 ended Sept increased 44% to $1.5 million from $1.0 million a year ago (3Q12). Group profit before tax for 3Q13 was $1.6 million after deducting provision for income tax expense of $68,000, compared with $1.1 million for 3Q12.

Revenue from dental and medical outlets increased by 25% to $17 million. The increase of $3.4 million was attributed to higher revenue from existing dental outlets, as well as contributions from new dental and medical outlets in Singapore and in Malaysia.

In 3Q13, the group recorded revenue of $0.87 million from new dental and medical outlets in Singapore. Existing dental outlets in Singapore and Malaysia contributed incremental revenue of $2.53 million during 3Q13.

Revenue contribution from the dental equipment and supplies distribution business for 3Q13 increased to $1.7 million from $0.6 million in 3Q12. In 3Q13, the revenue was higher mainly due to the acquisition of a dental equipment and supplies distribution company in Malaysia in July 2013.

As at 30 September 2013, the group had a total of 54 dental outlets, 1 mobile dental clinic, 4 medical outlets and 1 aesthetic centre in operation, compared to 52 dental outlets and 1 mobile dental clinic as at 30 September 2012 in Singapore.

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