IHH net profit rises to RM970mil in FY17

Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth US$1.3 billion, while smaller local rival Manipal Health Enterprises Pvt Ltd, has made an offer of about $1.2 billion.

KUALA LUMPUR: IHH Healthcare Bhd made a net profit of RM101mil in the last quarter ended Dec 31, 2017 (FY17) on stronger revenue growth and lower provisions for doubtful debts compared with the previous corresponding period.

Revenue increased 10% to RM2.88bil, driven by existing operations and the continued ramp up of new hospitals, the company said in a statement today.