IHH Healthcare’s profit jumps by 37% to $79.6m

Reaping time has come for its new hospitals.

The international healthcare provided appeared to be in the pink of health for the first quarter as it registered strong growth, with its revenue increasing by 24% to RM2.5b on back of the sustained growth of its existing hospitals across all home markets.

According to a press release by IHH Healthcare, the continued ramp up of newer hospitals also boosted the firm’s growth.

“The acquisition of Continental Hospitals in March 2015 and Global Hospitals in December 2015 in India also contributed to the Group’s revenue in the first quarter of 2016,” the report said.

With the firm’s expanded presence in India, the country now joins Malaysia, Singapore, and Turkey as its fourth home market.

“Stripping out exceptional items and the contribution from PLife REIT, operational PATMI* grew a steady 4% to RM223.8 million,” the report said.