IHH rides on strong earnings of Singapore ops

However, start-up losses from new hospitals and pre-opening expenses to prepare for the opening of Gleneagles Hong Kong next year diluted the IHH group

PETALING JAYA: IHH Healthcare Bhd posted earnings of RM235.48mil for the first quarter ended March 31, up 37.3% from a year earlier, thanks largely to the strong earnings growth of Parkway Pantai’s Singapore operations.

The premium healthcare provider told Bursa Malaysia that Parkway Pantai’s hospitals across the Causeway boosted its earnings before interest, tax, depreciation and amortisation (Ebitda) by 42.7% to RM237.33mil.