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TMC Posts Higher Q4 Earnings
By:
  • Healthcare and hospital provider TMC Life Sciences reported a 48.5 percent rise in earnings for 4Q15 ended 31 May 2015 to RM4 million from RM2.7 million in 4Q14.
  • Revenue rose by 20 percent to RM28.5 million, compared to the previous corresponding period, driven by higher patient load catered for by increased bed capacity and additional consultants recruited.
  • It is optimistic that of growth for FY2016 on the expansion of its breadth of services through attracting medical, nursing and allied health talents.

Significance: On its outlook, the company noted that as many of its supplies and drugs are imported, these costs could be affected by the weakening ringgit.


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