Raffles Medical posts 9.3% higher FY2020 profit on revenue growth

RAFFLES Medical Group on Monday announced a net profit of S$65.9 million for the year ended Dec 31, 2020, up 9.3 per cent from S$60.3 million a year ago, following its involvement in various Covid-19-related projects. The group is now expecting a shift in focus from Covid-19 testing to the ongoing vaccine rollout.