Q & M Dental Singapore : Annual Report 2023

CORPORATE PROFILE. Q & M Dental Group Limited is a leading private dental healthcare group in Asia. Q & M is also the substantial shareholder of Aoxin Q & M Dental Group Limited, a dental group listed on the Catalist board of the Singapore Exchange Securities Trading Limited that operates dental clinics and hospitals primarily in the north-eastern region of the People's Republic of China. 2 million in FY2023, was derived from higher revenue contribution from Singapore dental clinics that was offset by lower revenue contribution from Singapore medical clinics, deconsolidation of the Shanghai Chuangyi in June 2023 and the impact of the weakening Malaysian Ringgit inrelation to the Group's operations in Malaysia. MESSAGE TO SHAREHOLDERS. DIVIDEND. The Group paid a 0.16 Singapore cent dividend for first half of 2023 on 13 September 2023 and a second interim dividend of 0.53 Singapore cent per ordinary share for 2H2023 on 26 March 2024. The total dividend thus works out to 0.69 Singapore cent for FY2023, with a payout ratio of 57%. BUSINESS OUTLOOK & FUTURE PLANS. The Group's FY2023 financial performance remains strong despite a challenging business environment as the fundamentals of the Group's business remains sound. 1 Core Healthcare Business excludes contributions from the Group's medical laboratory, other gains, other losses and expenses incurred on the development of the Group's digital artificial intelligence guided clinical decision support system as well as rental rebates receive from the Singapore government,. Q & M Dental Group Limited published this content on 30 March 2024 and is solely responsible for the information contained therein.