REPUBLIC HC released its 2024 annual performance, with a net loss of SGD 178,000, narrowing by 79.2% year-on-year
REPUBLIC HC released its 2024 annual performance, with revenue of SGD 8.6566 million, a year-on-year decrease of 13.5%; net loss of SGD 178,000, a year-on-year narrowing of 79.2%. The basic loss per share is 0.03 Singapore cents. The decrease in revenue is mainly due to intensified competition and rising costs in core areas such as sexual health, men's health, and women's health, while overall economic pressures affect profitability. The group focuses on operational efficiency and cost management to mitigate financial impacts
According to the Zhitong Finance APP, REPUBLIC HC (08357) released its 2024 annual performance, with revenue of SGD 8.6566 million, a year-on-year decrease of 13.5%; a net loss of SGD 178,000, a year-on-year narrowing of 79.2%; and a basic loss per share of 0.03 Singapore cents.
The decrease in revenue during the period was mainly due to intensified competition in the primary healthcare sector, particularly the rising costs in the group's core areas such as sexual health, men's health, and women's health, as well as overall economic pressures further impacting profitability. However, the group focused on operational efficiency and expense management, which helped mitigate the financial impact
