Divestment gain boosts IHH Healthcare's Q2
Profit up more than a quarter at RM316.6m; one-off RM241m gain from stake disposal
Singapore
SUSTAINED growth in both inpatient admissions and average revenue per admission across all home markets - Malaysia, Singapore, Turkey and India - as well as a one-off gain from the divestment of the stake in Apollo Hospitals lifted the second-quarter results for IHH Healthcare Bhd.
Net profit for the three months ended June 30, 2017, was up 28.6 per cent to RM316.6 million (S$100.7 million) from the previous year, the group said in a Singapore Exchange (SGX) filing on Wednesday evening. Revenue rose 12.1 per cent to RM2.77 billion from the previous year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance