IHH Healthcare reports Q1 loss of RM319.8m

Singapore

IHH Healthcare sank into the red for the first quarter to March, weighed down by impairment on an investment in India and foreign currency translation losses.

The Malaysia-registered hospital operator, which is dual-listed on both sides of the Causeway, reported a loss of RM319.8 million (S$104.1 million) for the FY2020 first quarter, against earnings of RM89.5 million a year ago. Loss per share was 3.9 sen, versus earnings per share of 0.78 sen for the preceding year.

IHH's revenue was RM3.56 billion or marginally 2 per cent lower year-on-year than RM3.64 billion, said the operator in a regulatory filing to Singapore …

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