SINGAPORE (June 29): Private healthcare operator IHH Healthcare reported a net loss of RM319.8 million ($103.8 million) for 1Q20, from the RM89.5 million profit a year ago.

This quarter’s loss was attributable to impairment on the remaining goodwill of RM400.5 million from an investment made into Global Hospitals in India, and realisation of RM60.0 million foreign currency translation losses relating to Khubchandani Hospitals in India upon substantive liquidation.

The quarter saw a loss per share at 3.90 sen, compared to the earnings per share of 0.78 sen a year ago.

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