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14 Apr 2025
Beverly JCG Ltd. Reports FY2024 Net Loss of S$4.9 Million Amid Revenue Decline and Impairment Provisions
Summary: In FY2024, Beverly JCG Ltd. recorded a 27% year-on-year revenue decline to S$5.9 million, primarily due to refurbishment work at its Beverly Wilshire Medical Centre. The company reported a net loss of S$4.9 million, impacted by S$3.5 million in impairment losses and provisions. Strategic initiatives included full repayment of a RM7 million loan, operational restructuring, and a joint venture with GY Beauty Aesthetic International Sdn. Bhd., contributing RM1.6 million in annual revenue. A successful S$900,000 private placement was also completed to strengthen financial stability.