Zhitong Financial App News, REPUBLIC HC (08357) issued an announcement that the group is expected to reduce its profit by more than 90% for the three months ended March 31, 2021, and a net profit of S $95000 for the three months ended March 31, 2020.

According to the announcement, the decrease in net profit was mainly due to an increase of more than 8% in employee welfare expenditure, due to the company's efforts to retain and attract talent for its expansion plan, and an increase of more than 69% in other operating expenses. this includes an increase in marketing expenditure mainly due to more promotional activities to increase revenue, as well as an increase in the number of general practice treatment centres (from seven to three more).