In particular, revenue from Parkway Pantai generally registered growth across all countries except for Singapore – the largest contributor in terms of revenue proportion for the Parkway Pantai chain of hospitals and medical centres – where a 4% decline in revenue was registered to result in Singapore contributions of RM921.5 million in 1Q18.
SINGAPORE (May 25): IHH Healthcare saw its 1Q18 earnings ended March fall 88% to RM57.2 million ($19.2 million) from RM470 million in 1Q17 earnings due to start-up costs and the recognition of forex losses.
Revenue for the quarter was up 6% to RM2.9 billion from RM2.7 billion in the previous year on the back of sustained organic growth from existing operations as well as the continuous ramp-up of the two new hospitals, namely Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, which opened in 2017.
