According to the group, patients postponed non-urgent and non-essential treatment and visits to hospitals and healthcare facilities as a result of the coronavirus pandemic.
PETALING JAYA: IHH Healthcare Bhd
slipped into the red in the first quarter ended March 30 as the largest private healthcare provider in Asia recorded its worst quarterly net loss since its listing in 2012.
It said the 1Q profit after tax and minority interest (PATMI) registered a loss of RM319.8mil mainly attributable to impairments of non-Fortis India investments made in 2015 and earlier.
IHH added that RM400.5mil impairment on its investment into Global Hospitals in India and RM60mil foreign exchange (forex) losses relating to its investment in Khubchandani Hospitals in India were the major reasons.
In comparison, the group posted a net profit of RM89.51mil a year earlier.
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