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Health Management International posts 28% decline in 2Q earnings to $3.8 mil on higher costs

Samantha Chiew
Samantha Chiew2/11/2019 07:30 PM GMT+08  • 2 min read
Health Management International posts 28% decline in 2Q earnings to $3.8 mil on higher costs
SINGAPORE (Feb 11): Health Management International (HMI) recorded a 28% drop in it 2Q19 earnings to RM11.3 million ($3.76 million), compared to RM15.7 million in 2Q18.
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SINGAPORE (Feb 11): Health Management International (HMI) recorded a 28% drop in it 2Q19 earnings to RM11.3 million ($3.76 million), compared to RM15.7 million in 2Q18.

This brings 1H19 earnings to RM21.9 million, 26% lower than RM29.5 million in 1H18.

During the quarter, turnover was 11% higher at RM128.6 million from RM116.0 million a year ago, mainly attributable to higher contribution from the group’s healthcare business, which increased due to higher patient load and average bill sizes in its two hospitals – Mahkota Medical (MMC) and Regency Specialist Hospital (RSH).

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