HEALTHCARE | Staff Reporter, Singapore

IHH Healthcare’s net profit jumps 17% to $273m in FY15

Thanks to robust performances in all its divisions.

Bolstered by raised gross profit and the reversion of a tax over-provision made in the previous year, IHH Healthcare Berhad (IHH) closed FY15 with a 17% YoY surge in operational net profit to RM820m, or roughly $273m.

According to the company’s media release, IHH saw robust revenue growth across its segments, which in turn lifted earnings before interest, tax, depreciation, and amortisation (EBITDA).

In FY15, Parkway Pantai saw a 22% YoY revenue spike to RM1.4b, and a 9% EBITDA climb to $319.2m; Acibadem Holdings reported a 13% growth to RMB813.1m, and a 2% increase to RM150m; and IMU Health enjoyed an 7% YoY pick-up in revenue to RM60.2m which led to a whopping EBITDA hike of 68% to RM20m.

The only blemish to the year’s results was PLife REIT, which registered a 4% dip in EBITDA to RM134.9m despite a 29% surge in external revenue.

Looking ahead, IHH expects headwinds to persist from the slowing economies and fluctuation of regional currencies in the countries it operates in. The company asserts, though, it is confident that it will breeze past these headwinds thanks to its strong brands and hospital network.

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