HC Surgical Specialists half-year profit down 2.1% at S$3.4 million

Catalist-listed medical services provider HC Surgical Specialists’ net profit for the six months ended November 2024 was down 2.1 per cent at S$3.4 million, from S$3.5 million the year before.

The drop in profit came mainly from non-operational items, including fair-value loss on derivative financial instruments and the loss from disposal of an associate, said the company in a filing after the market closed on Tuesday (Jan 14).

Revenue for the period was up 3.4 per cent at S$9.9 million from S$9.6 million.

Earnings per share stood at S$0.022, down 3.9 per cent from S$0.0229.

The directors declared an interim dividend of S$0.008 a share, payable on Mar 13.

HC Surgical Specialists’ chief executive officer Dr Heah Sieu Min noted an improved half-year revenue from last year.

“We will continue to focus on our core competencies and look for opportunities for expansion,” he said.

The group highlighted that its endoscopy and general practitioner centres, located jointly in Camden Centre, underwent renovation in October 2024 and are now back in operation.

The counter closed Tuesday flat at S$0.29 before the release of the financials.