SINGAPORE (Feb 25): Raffles Medical Group (RMG) announced S$71.1 million in earnings for FY18, rising a marginal 0.4% from S$70.8 million in FY17, as higher tax expenses and additional depreciation from the recently-completed Raffles Specialist Centre continued to be a drag on the group’s bottomline.

Revenue for the full year grew 2.4% to S$489.1 million from S$477.6 million a year ago, due mainly to 6% higher contribution from the Healthcare Services division, on the back of a new contract to provide Air Borders screening services, as well as the addition of new corporate clients.

Revenue contributions from the Hospital Services division fell by...(click on link for full story on theedgesingapore.com)