IHH Q4'12

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IHH Healthcare Q4 net profit jumps three-fold to RM195.8m

KUALA LUMPUR: Malaysia's IHH Healthcare Bhd, Asia's largest hospital operator, said on Tuesday fourth quarter net profit jumped more than three-fold from a year earlier to RM195.86mil (US$63.20mil).

The improved performance was mainly due to consolidation of profits from Turkey's Acibadem Holdings and improved performance in existing operations, the company said in a stock exchange filing.

Revenue rose 79.1 percent to RM1.52bil from RM847.99mil from a year earlier. The result was slightly lower than a RM204.54mil profit forecast by an analyst according to Thomson Reuters I/B/E/S.

Net profit for the full year rose 114% to RM798.89mil. Revenue climbed 109.7% year on year, according to the filing. The average forecast in a Thomson Reuters I/B/E/S poll of 16 analysts was for a full-year profit of RM531.7mil.

IHH has in the past few years added Acibadem, Singapore's Parkway Holdings and India's Apollo Hospitals Enterprise Ltd to its local holdings Pantai Hospitals and International Medical University.

Its shares closed unchanged at RM3.41 per share on Tuesday while the Malaysian benchmark stock index dropped 0.19 percent. - Reuters

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The result of IHH Q4'12 is satisfied, but one thing that disappoint me a bit is that they do not announce any dividend.