Divestment gain boosts IHH Healthcare's Q2
Profit up more than a quarter at RM316.6m; one-off RM241m gain from stake disposal
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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.
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