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IHH records 933% y-o-y jump in 4QFY20 earnings

The Edge Singapore
The Edge Singapore2/26/2021 10:24 PM GMT+08  • 2 min read
IHH records 933% y-o-y jump in 4QFY20 earnings
IHH is on track to double its ROE
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IHH Healthcare has reported 4QFY2020 earnings of RM419.4 million, up 933% from RM40.6 million in the year earlier period. Revenue in the same period was slightly down by 2% y-o-y to RM3.77 billion.

The healthcare group, which operates in ten markets, attributes the better numbers to better cost control, various government subsidies, revaluation of properties and also the return of patients since June last year.

“Our focus on operational efficiencies, increasing bed occupancy and revenue intensity, along with tight cost controls continue to bear fruit,” says Dr Kelvin Loh, IHH’s managing director and CEO.

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