IHH Healthcare reports 31% YoY rise in net profit in 1Q

IHH Healthcare managing director and chief executive officer Dr Kelvin Loh

KUALA LUMPUR: IHH Healthcare Bhd’s net profit rose 31.3% to RM493.26mil in the first quarter ended March 31 against RM375.62mil in the same corresponding period last year.

Revenue for the quarter improved to RM4.16bil from RM3.94bil a year earlier as the healthcare group saw growth in its key markets, with a rebound in domestic patient revenue, contribution from delivery of Covid-19 related-services and a continued ramp-up of operations at Gleneagles Hong Kong Hospital (GHK).