Thomson Medical Group warns that it will report a loss for its 2HFY2025 ended June, as well as for the full year.
The company attributes the losses to higher interest costs from the acquisition of the Far East Medical Vietnam hospital and the cessation of projects in Singapore.
Due partly to the termination and discounts of certain insurance contracts, it had weaker performance in Malaysia too.
For its 1HFY2025 ended Dec, the company reported a loss of $12.9 million, a swing from earnings of $2 million in the year-earlier period.
Thomson Medical shares closed at 5.3 cents on Aug 8, down 3.64% for the day but up 6% year to date.
