IHH Healthcare Q4 net profit jumps fivefold on forex gains

ASIA's largest private hospital operator IHH Healthcare on Wednesday posted a fivefold jump in net profit for the fourth quarter to RM509 million from RM101 million a year ago, led by stronger operational performance and boosted by foreign exchange gains from its Turkish hospital Acibadem's non-Lira borowings.

Earnings before interest, tax, depreciation and amortisation for the three months to end-December 2018 rose 18 per cent to RM724 million, thanks to stronger operational performance across its home markets Malaysia, Singapore and Turkey.

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