IHH: Reports Higher PATMI In Q2 2016 On Asset Divestment Amid Higher Costs.

25 Aug 2016 17:12

Q2 2016 revenue up 18% YoY to RM2.5 billion. EBITDA up modest 2% YoY to RM554.4 million due to start-up costs from the new hospitals in Malaysia opened in 2015, higher operating and staff costs, and pre-opening expenses in Hong Kong. Q2 headline PATMI up 8% YoY to RM246.1 million, Operational PATMI down 20% to RM173.9 million due to moderate EBITDA growth and increased depreciation from new hospitals in Malaysia and India, and higher net financing costs. Bulgaria hospitals begin contributing to Group's revenue after successful completion of acquisition in June. Announced development of 450-bed tertiary hospital in Shanghai after securing land contract in June...

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