HC Surgical Specialists Limited has declared a one tier tax exempt interim dividend of 1.1 cents per ordinary share against 1.8 cents per ordinary share paid a year ago. The dividend is payable on January 30, 2018.

The company announced unaudited consolidated earnings results for the six months ended November 30, 2017. For the period, revenue was SGD 7,704,000 against SGD 4,281,000 a year ago. Profit before tax was SGD 3,276,000 against SGD 99,000 a year ago. Profit attributable to owners of the company was SGD 2,456,000 against SGD 104,000 a year ago. Diluted earnings per share were 1.65 cents against 0.31 cents a year ago. Net cash from operating activities was SGD 3,534,000 against SGD 866,000 a year ago. Purchase of intangible asset was SGD 3,000. Purchase of plant and equipment was SGD 32,000 against SGD 165,000 a year ago. NAV per ordinary share were 10.95 cents against 9.39 cents a year ago. The Group recorded an increase of SGD 3,423,000 or approximately 80.0% in revenue. The increase was mainly due to the full six months revenue contributions from new subsidiaries acquired in the previous financial year and during the current financial period.