Year-to-date, the research house pointed out that the Turkish lira has weakened by 20% against the dollar and 21% against the ringgit.
KUALA LUMPUR: IHH Healthcare Bhd
slipped into the red with a net loss of RM104.07mil in the third quarter ended Sept 30, 2018, against a net profit of RM82.09mil a year earlier.
The group said the loss, incurred on the back of 1.4% higher revenue of RM2.84bil, was mainly due to the recognition of foreign exchange (forex) losses of RM752.5mil on subsidiary Acibadem Holdings' non-Turkish lira denominated borrowings.
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