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Health Management International reports 3.5% rise in FY17 earnings after consolidation of two hospitals

PC Lee
PC Lee8/24/2017 07:30 AM GMT+08  • 2 min read
Health Management International reports 3.5% rise in FY17 earnings after consolidation of two hospitals
SINGAPORE (Aug 24): Regional private healthcare provider Health Management International (HMI) reported a 3.5% rise in FY17 earnings to RM20.6 million ($6.5 million) from a year ago.
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SINGAPORE (Aug 24): Regional private healthcare provider Health Management International (HMI) reported a 3.5% rise in FY17 earnings to RM20.6 million ($6.5 million) from a year ago.

This follows a doubling of 4Q earnings to $10.7 million after the group completed the consolidation of ownership of its two hospitals, 48.9%-owned Mahkota Medical Centre and 60.8%-owned Regency Specialist Hospital, to 100% each.

With the completion of the consolidation, 100% of net income is now attributable to HMI shareholders.

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