Q&M Dental Group has announced a 27% rise in net profit after tax attributable to the parent, reaching S$14.6m on a revenue of S$180.7m for the financial year ending 31 December 2024. The company’s core dental business contributed significantly to this growth, with a 10% increase in net profit to S$27.8m.
The Group plans to initiate a share buyback of up to 50 million ordinary shares and has declared a second interim dividend of 0.7 pence per share, payable on 26 March 2025. This brings the total annual dividend for FY2024 to 1.1 pence per share, reflecting a payout ratio of 71%.
Dr Ng Chin Siau, Group CEO of Q&M, highlighted the company’s resilience and strategic progress despite challenges such as the cessation of its medical laboratory business. “Our commitment to quality, innovation, and expansion remains unwavering,” he stated, noting recent acquisitions and advancements in dental AI solutions.
Looking forward, Q&M aims to strengthen its presence in Singapore and expand across Southeast Asia and China. Dr Ng emphasised the company’s vision to become the premier provider of dental healthcare services in the region, expressing confidence in creating lasting value for stakeholders.
The financial results underscore Q&M’s strategic focus on its core dental operations and its ability to adapt and thrive in a competitive market. The Group’s continued expansion and innovation efforts are expected to bolster its position in the regional dental healthcare sector.
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