KUALA LUMPUR Feb 26 Malaysia's IHH Healthcare
Bhd, Asia's largest hospital operator, said on Tuesday
fourth quarter net profit jumped more than three-fold from a
year earlier to 195.86 million ringgit ($63.20 million).
The improved performance was mainly due to consolidation of
profits from Turkey's Acibadem Holdings and improved performance
in existing operations, the company said in a stock exchange
Revenue rose 79.1 percent to 1.52 billion ringgit from
847.99 million ringgit from a year earlier. The result was
slightly lower than a 204.54 million ringgit profit forecast by
an analyst according to Thomson Reuters I/B/E/S.
Net profit for the full year rose 114 percent to 798.89
million ringgit. Revenue climbed 109.7 percent year on year,
according to the filing. The average forecast in a Thomson
Reuters I/B/E/S poll of 16 analysts was for a full-year profit
of 531.7 million ringgit.
IHH has in the past few years added Acibadem, Singapore's
Parkway Holdings and India's Apollo Hospitals Enterprise Ltd
to its local holdings Pantai Hospitals and
International Medical University.
Its shares closed unchanged at 3.41 ringgit per share on
Tuesday while the Malaysian benchmark stock index
dropped 0.19 percent.
($1 = 3.0990 Malaysian ringgits)
(Reporting By Yantoultra Ngui; Editing by Jeremy Laurence)