ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

IHH Healthcare swings to profit on revenue surge

Seeks to further consolidate multi-country footprints to diversify income

KUALA LUMPUR (Nikkei Markets) -- IHH Healthcare, Asia's biggest hospital operator by market value, swung to a third quarter net profit on the back of a surge in revenue, and a sharp slump in finance costs and operating lease expenses.

Net profit for the three months ended September stood at 236.34 million ringgit ($56.7 million) compared with a loss of 104.07 million ringgit a year ago, IHH Healthcare said in an exchange filing. Finance costs plunged 85%, while operating expenses shrank 61%, the company said.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more