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Healthway Medical announced that it has entered into agreements with twelve (12) medical and dental centres in Shanghai and Hangzhou. To operate and manage these facilities, an investment of RMB38m (or S$7.6m) is required over a period of three months. They hope to increase the number of facilities under management to more than twenty by end of this year.
At the same time, Healthway Medical also released their second quarter results and the numbers look bad.
1. Revenue compared to the same period last year has tumbled 12.3% from S$24.45m to S$21.44m. This is worse than the first quarter when the revenue declined 6.3% compared to the same period a year ago.
2. Staff cost increased 22.9% which suggests that Healthway Medical is paying a lot more now to retain or to recruit staff. In terms of absolute dollars, the increase from S$10.75m to S$13.2m is no small change. Read more...[caption id="attachment_1736" align="alignright" width="150" caption="Photo by kevindooley"][/caption]
Healthway Medical announced that it has entered into agreements with twelve (12) medical and dental centres in Shanghai and Hangzhou. To operate and manage these facilities, an investment of RMB38m (or S$7.6m) is required over a period of three months. They hope to increase the number of facilities under management to more than twenty by end of this year.
At the same time, Healthway Medical also released their second quarter results and the numbers look bad.
1. Revenue compared to the same period last year has tumbled 12.3% from S$24.45m to S$21.44m. This is worse than the first quarter when the revenue declined 6.3% compared to the same period a year ago.
2. Staff cost increased 22.9% which suggests that Healthway Medical is paying a lot more now to retain or to recruit staff. In terms of absolute dollars, the increase from S$10.75m to S$13.2m is no small change. Read more...
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Healthway Medical announced that it has entered into agreements with twelve (12) medical and dental centres in Shanghai and Hangzhou. To operate and manage these facilities, an investment of RMB38m (or S$7.6m) is required over a period of three months. They hope to increase the number of facilities under management to more than twenty by end of this year.
At the same time, Healthway Medical also released their second quarter results and the numbers look bad.
1. Revenue compared to the same period last year has tumbled 12.3% from S$24.45m to S$21.44m. This is worse than the first quarter when the revenue declined 6.3% compared to the same period a year ago.
2. Staff cost increased 22.9% which suggests that Healthway Medical is paying a lot more now to retain or to recruit staff. In terms of absolute dollars, the increase from S$10.75m to S$13.2m is no small change. Read more...
