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IHH Healthcare posts 56% higher 1Q earnings of $29.4 mil on stronger operational performance

Michelle Zhu
Michelle Zhu5/30/2019 05:38 PM GMT+08  • 2 min read
IHH Healthcare posts 56% higher 1Q earnings of $29.4 mil on stronger operational performance
SINGAPORE (May 30): IHH Healthcare reported 1Q earnings of RM89.5 million ($29.4 million), 56% higher from RM57.2 million a year ago on the back of stronger operational performance.
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SINGAPORE (May 30): IHH Healthcare reported 1Q earnings of RM89.5 million ($29.4 million), 56% higher from RM57.2 million a year ago on the back of stronger operational performance.

Revenue for the quarter grew 28% to RM3.6 billion from RM2.9 billion previously.

The group attributes this to sustained organic growth at existing operations and the sustained ramp-up of Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, which both opened in March 2017.

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