Symphony’s IHH sees profit up 35 per cent in first half
IHH Healthcare Berhad, a portfolio company of Symphony International Holdings, has released strong 2012 first half results.
IHH’s profit after tax and minority interests increased by 35 per cent in the first-half of 2012 year-over-year, which excludes proceeds from the sale of medical suites.
The growth was driven by the consolidation of Acibadem Holdings from 24 January 2012 and improved performance of existing operations.
Revenue grew 65 per cent year-on-year to RM2.8bn and profit after tax and minority interests (PATMI) (excluding exceptional items) increased 35 per cent to RM250.3m. The numbers exclude the sale of medical suites.
Including the sale of medical suites, revenue rose 137 per cent year-on-year to RM4.0bn while total PATMI (excluding exceptional items) gained 139 per cent to reach RM443.9m.
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