Thursday, 23 May 2013

IHH Q1'13

Revenue for Q1'13 growth 29%.  Sadly, no dividend declared in this quarter.  But they are expanding their business aggressively.  It's good and we will be rewarded in near future.

IHH's Q1 net profit up 3.67pc

Malaysia’s IHH Healthcare Bhd, the world’s second-largest listed private healthcare provider by market value, posted a 3.67 per cent rise in first-quarter profit, driven by core earnings growth and lower finance costs.

IHH earned RM127.27 million in the three months that ended in March, compared with RM122.77 million a year earlier. Its profit was below the RM137.3 million forecast by one analyst according to Thomson Reuters I/B/E/S.

"We have new contracts and various expansion and construction projects in the pipeline and we expect these to contribute significantly to group revenue going forward," managing director Lim Cheok Peng said in a statement on Thursday.

IHH has in the past few years acquired hospitals in Turkey, India and Singapore to complement its local business. The company said in March it would build a RM2 billion hospital in Hong Kong with NWS Holdings Ltd.

Shares in IHH are up about 16.9 per cent so far this year, outperforming an increase of around 14 per cent for smaller rival KPJ Healthcare Bhd.-- Reuters

Read more: IHH's Q1 net profit up 3.67pc

From TheStar: IHH Healthcare earnings up 3.6% to RM127.27m

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