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IHH Healthcare reports 48% fall in 2Q earnings to $55 mil on absence of divestment gain

PC Lee
PC Lee8/28/2018 10:12 PM GMT+08  • 2 min read
IHH Healthcare reports 48% fall in 2Q earnings to $55 mil on absence of divestment gain
SINGAPORE (Aug 28): IHH Healthcare, the private healthcare operator which acquired a controlling stake in India’s second-largest hospital chain Fortis Healthcare in July, reported a 48% fall in 2Q18 earnings to RM165.11 million ($55 million) from a year
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SINGAPORE (Aug 28): IHH Healthcare, the private healthcare operator which acquired a controlling stake in India’s second-largest hospital chain Fortis Healthcare in July, reported a 48% fall in 2Q18 earnings to RM165.11 million ($55 million) from a year ago.


See: IHH preparing for disruption of medical industry, confirms acquisition of India's Fortis Healthcare

The weaker bottomline was due to the absence of a one-off divestment gain of RM241.1 million from the divestment of Apollo Hospitals which was recorded in 2Q17.

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