IHH Healthcare posts healthy profit, says outlook rosy
24-Nov-16, Nikkei Asian Review
IHH Healthcare, the largest hospital operator in Malaysia by market capitalization, said net profit increased 46% year-on-year to MYR173 mn (USD39 mn) for the third quarter ended in Sep-16.
%20Nikkei%20Asian%20Review.jpg "IHH Healthcare posts healthy profit says outlook rosy (c) Nikkei Asian Review")
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The healthcare services provider recorded a 18% spike in revenue to MYR2.44 bn (USD547 mn) in the corresponding quarter from a year ago, according to its filing.
The company operates in four segments, with hospital operator Parkway Pantai contributing 63% of revenue followed by its Turkey subsidiary with 33%. Parkway Pantai reported a 20% year-on-year increase, and Turkey-based Acibadem Holdings grew its revenue by 18%.