If insurance companies continue trying to outdo each other, the risk pool could become untenable, says the group’s executive chair Loo Choon Yong
MAINBOARD-LISTED Raffles Medical Group on Monday (Jul 29) reported a net profit of S$30.6 million for the first half ended Jun 30, declining 48.8 per cent from S$59.9 million in the corresponding year-ago period.
Revenue slid 1.4 per cent year on year to S$365.7 million, from S$370.8 million.
Earnings per share for the period were S$0.0165, falling 48.8 per cent on the year from S$0.0322 in H1 FY2023. The healthcare group did not declare an interim dividend.
