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Image Plus Consultants Limited, which trades as Apex Radiology, has reversed a loss of $16.25 million to turn a profit of $9.37 million in the second quarter ending August.
The medical diagnostics company’s resurgence is attributed to a combination of increased scan volumes, improved cost management, and a strategic pivot towards private patient services and advanced imaging modalities.
Quarterly revenue improved 5.4 per cent year-on-0year unaudited financial statements, from $245.35 million to $258.7 million, growth that Image Plus said was driven by a significant uptick in scan volumes across key diagnostic services: MRI scans increased by 16 per cent, mammograms by 13 per cent, and ultrasounds by eight per cent.
These gains reflect management’s focused efforts to attract more private patients and expand newer, higher-margin services, the company said.
Half-year revenue declined by 2.3 per cent to $526.12 million, due to the sluggish first quarter. However, the second-quarter rebound helped offset earlier losses, pushing half-year profit higher to $23 million, compared to $15 million at HY2024.