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Divestment gain helps IHH double Q1 net profit
Excluding exceptional items, net profit falls 15%, mainly due to depreciation, amortisation and finance costs for new hospitals
Add BT as a preferred sourcePublished Fri, May 19, 2017 · 09:50 PM
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Singapore
THE gain from divestment in Apollo Hospitals helped double global healthcare provider IHH Healthcare Berhad's net profit for the first three months of the year.
Its first-quarter net profit rose to RM470 million (S$151 million), following a RM313.4 million gain from the group's divestment of a non-core 6.07 per cent stake in Apollo Hospitals.
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