28 Feb '16, 1am

TalkMed: FY2015 Revenue at $65.72 million , slightly higher than FY2014 Revenue at $63.16 million. Other income…

FY2015 Revenue at $65.72 million , slightly higher than FY2014 Revenue at $63.16 million. Other income increase by 140% from $0.23 million to $0.54 million mainly due to interest received on fixed deposit. Operating lease expenses increased by 69.1% from $0.73 million to $ 1.24 million due to new operating leases effected in late 2014,March & June 2015. Operating expenses was reduced significantly by 27% from $ 2.07 million to $1.51 million due to lower legal & professional fee. Coming to share of result of associate which is causing a concern to me ,a loss of $2.89 million from a investment of 30% stake in Hong Kong Integrated Oncology Centre Holdings Limited in June 2014 for $11.52 million. Not much details will revealed for the loss but it only commenced operation late last year. Will find out more during the coming AGM. …

Full article: http://thefinance.sg/2016/02/28/talkmed/

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