Dr Tan: ‘Amid persistently challenging market conditions, we delivered a resilient performance.’
PETALING JAYA: IHH Healthcare Bhd
’s partial divestment of its stake in Apollo Hospitals, has led the world’s second largest healthcare group’s net profit for the first quarter of financial year 2017 ended March 31, to nearly double to RM470.05mil on a year-on-year comparison.
In a filing with the Bursa Securities, the Main Market-listed IHH announced that its net profit doubled following a RM313.4mil gain from the group’s divestment of a non-core 6.07% stake in Apollo Hospitals.
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