Camsing Healthcare Posts Narrower Q1 Loss Amid Revenue Growth and Cost Control Efforts
Summary:
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Revenue rose 17% year-on-year to S$1.25 million, driven by corporate sales growth despite fewer retail outlets.
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Gross margin slightly declined, with gross profit down 4% to S$644k, as cost of sales grew faster than revenue.
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Loss before tax improved by 28%, from S$669k to S$480k, helped by lower finance costs (down 82%) and reduced marketing expenses.
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Interest costs dropped significantly to S$27k, attributable to an interest-free shareholder loan, and marketing expenses fell 10% to S$844k after lease scaling back.
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Operating cash outflow increased to S$200k (from S$72k), while financing inflows of S$123k were supported by a shareholder loan.
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Net liabilities widened to S$4.32 million, with equity deficit deepening due to accumulated losses and asset depreciation.
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Going concern risk acknowledged, but management remains confident, citing new e‑commerce channels, cost cuts, and backing from shareholders.