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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

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Published Fri, May 19, 2017 · 09:50 PM
    IHH Healthcare Berhad

    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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