SINGAPORE (Feb 28): Private healthcare operator IHH Holdings’ earnings plummeted 92% to RM40.6 million ($13.4 million) in 4QFY2019 ended December, from RM509.4 million a year ago.

The weaker bottomline comes from higher net interest expenses, depreciation of new hospitals, foreign exchange losses.

Notably, IHH booked a surge in finance costs from its acquisition of Fortis – India’s second largest hospital chain in 2018 – and the swap of non-Lira to Lira loans for its operations with Acibadem, a Turkish healthcare line.

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