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IHH's Q3 profit down 53% on higher start-up costs

In its outlook, IHH said it expects cost pressures in terms of wage inflation, higher purchasing costs with a stronger US dollar, higher pre-operating costs and start-up costs from new operations.


HIGHER costs from the opening of Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital in Turkey as well as depreciation and amortisation put a dent on mainboard-listed IHH Healthcare Berhad's third quarter net profit.

In a filing to the bourse operator on Monday...

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