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HMI's Q1 profit surges on Malaysian hospitals

Thursday, November 10, 2016 - 20:02

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HIGHER patient load and average bill sizes at its Mahkota Medical Centre and Regency Specialist Hospital lifted results for Health Management International (HMI) in its first quarter.

HIGHER patient load and average bill sizes at its Mahkota Medical Centre and Regency Specialist Hospital lifted results for Health Management International (HMI) in its first quarter.

For the three months ended Sept 30, net profit surged more than four times to RM6.2 million (S$2 million) from RM1.4 million in the previous year, the group said in a Singapore Exchange filing on Thursday.

Turnover rose 16.3 per cent to RM109.5 million from the previous year. Other than the group's healthcare business, which accounted for RM 14.1 million of the increase, its education business also registered a RM 1.3 million increase in revenue due to higher student headcount, HMI said.

Earnings per share rose to 1.06 sen from 0.24 sen in the previous year. Net asset value per share went up to 30.68 sen as at Sept 30, from 29.62 sen three months ago.

HMI shares ended S$0.015 higher at S$0.605 on Thursday.

sentifi.com

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