SUBSCRIBERS

IHH Healthcare sinks into the red for Q3 on unit's forex losses

Published Tue, Nov 27, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

FOREIGN exchange losses on borrowings of a business unit dragged Malaysia-incorporated IHH Healthcare into the red during the third quarter.

The healthcare group posted a net loss of RM104.1 million (S$34.2 million) for the three months ended Sept 30, reversing from a profit of RM82.1 million for the same period the previous year.

Copyright SPH Media. All rights reserved.