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IHH reports higher revenue for FY2022 earnings down on higher costs

The Edge Singapore
The Edge Singapore • 2 min read
IHH reports higher revenue for FY2022 earnings down on higher costs
The Mount Elizabeth Novena, one of the hospitals under IHH's umbrella / Photo: The Edge Singapore
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IHH Healthcare has reported higher 4QFY2022 revenue of RM4.9 billion, up 9% y-o-y, as patient volume increased with the pandemic easing.

However, due to higher costs and unfavourable currency movements, earnings for the quarter was RM191.3 million, down 58% y-o-y.

For the whole of FY2022, earnings was down 17% to RM1.5 billion, on the back of a 5% gain in revenue to RM18 billion.

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