Thomson Medical's 1Q losses widen to S$6.5m

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SINGAPORE (May 14): Thomson Medical, formerly known as Rowsley, says first quarter losses widened to S$6.5 million in 1Q18 from S$1.55 million in 1Q17.

Revenue was 9% lower at S$20.6 million compared to $22.6 million last year, mainly due to the consultancy business which has declined as a result of a slowdown in private sector building developments.

Other income increased by 25% to S$3.19 million from $2.56 million a year ago, mainly attributable to higher wages reimbursement from the consultancy business... (Click here to read the full story)