International Healthway Corporation warns of net loss for FY16 ended Dec 31

INTERNATIONAL Healthway Corporation Limited (IHC) said it is expected to report a net loss for the full financial year ended Dec 31, 2016 based on a preliminary assessment of the group's draft unaudited financial results for fiscal 2016.

The loss is mainly attributable to impairment of goodwill. The group is in the process of finalising its financial results for the fiscal year, which it is slated to release on or before May 31.