IHH’s nine-month profit below expectations


The proposed acquisition of Prince Court Medical Centre could further increase bill intensity and volume from FY20F.

KUALA LUMPUR: IHH Healthcare’s core net profit for the nine months ended Sept 30 of RM630.8mil, down 8% year-on-year (y-o-y), was below expectations, CGS-CIMB Equities Research said.

“Without currency and MFRS 16 effects, third quarter (3Q19) EBITDA grew by 22% y-o-y, ” the research unit in its latest report.

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