IHH Healthcare records lower Q3 profit

KUALA LUMPUR: IHH Healthcare Bhd net profit for the third quarter ended Sept 30 slid by 47% to RM75.6mil from a year ago on the back of higher revenue of RM1.49bil.

The revenue of RM1.49bil was higher compared to same quarter last year at RM805mil.

But, cumulatively, IHH nine-month net profit jumped by a hefty 87.6% to RM603mil against the same period in 2011.

This was supported by higher revenue of RM5.5bil for the period compared to RM2.5bil last year.

Earnings per share rose to 9.12 sen from 7.6 sen. 

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A bit disappointed with the result without dividend.

Report: AirAsia in talks to buy a stake in Indian SpiceJet

NEW DELHI: India's Jet Airways is in talks with Abu Dhabi's Etihad Airways to sell a minority stake, an Indian government source said on Monday.

The same source said Indian budget carrier SpiceJet is in talks with Malaysia's AirAsia to sell a stake.

A Jet Airways spokeswoman did not immediately respond to a Reuters' query, while a SpiceJet spokeswoman declined comment.

Any foreign direct investment in Indian carriers needs government approval. - Reuters

HHHCORP listed on ACE market today

Price:
IPO: RM 0.20
Open: RM 0.32
High: RM 0.37
Low: RM 0.245
Close: RM 0.25

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