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Results Announcement for Year Ended 31 December 2002 (unaudited figures $000) |
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25 February 2003
Results Announcement for Year Ended 31 December 2002
(unaudited figures $000)
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2002 |
2001 |
% change |
| Revenue |
87,997 |
76,304 |
+15.3 |
| EBITDA |
9,983 |
3,304 |
+202.1 |
| Operating Profit |
6,275 |
1,181 |
+431.3 |
| Pre Tax Profit |
6,102 |
(7,185) |
NM |
| Net Profit After Tax |
4,506 |
(7,508) |
NM |
| Earnings per Share (cts) |
1.17 |
(1.94) |
- |
| Net Asset Value per Share (cts) |
24.29 |
23.67 |
- |
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Highlights of 2002 Performance
- Strong turnaround with $6.1 million in pre-tax profit
- Robust double digit growth in all Singapore operations, with Raffles Hospital posting the strongest growth of 30%
- Raffles Hospital's performance exceeds market expectations - positive cashflow after 11 months of operations in March 2002 and profitable for second half of 2002
- Net Profits and Earnings Per Share exceed all analysts' forecasts
- Board recommends higher dividend of 10% and additional special dividend of 10%
- Group expected to continue to grow strongly, Raffles Hospital expected to contribute positively in coming years
- Board expects the Group to improve on its profitability
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