IHH Healthcare's Q1 profit rises 37%

Singapore

AGAINST a lower base in the year-ago period, mainboard-listed IHH Healthcare Berhad has reported a 37 per cent year-on-year jump in its first-quarter net profit to RM235.5 million (S$79.5 million), or earnings per share of 2.86 sen.

The lower base was a result of RM116.4 million in exchange loss on the non-Turkish lira borrowings of IHH's indirect subsidiary, Acibadem Holdings, that had been recognised in Q1 2015, compared to an exchange loss of RM5.8 million in Q1 2016.

Excluding exceptional items and the contribution from PLife R…