IHH Healthcare posts revenue growth but net income down 58% YoY | Healthcare Asia Magazine
, Singapore
279 view s
/IHH

IHH Healthcare posts revenue growth but net income down 58% YoY

Recorded net profit was at $57.3m in the final quarter of 2022.

Despite earnings growth, IHH Healthcare recorded an almost 60% YoY decline in its net income to $57.3m (RM191.3m) in the fourth quarter (Q4) of 2022.

In a financial statement, the group attributed the decrease to its millions of impairment losses linked to its China assets and goodwill.

To mitigate this, IHH Healthcare reported a strong balance sheet with growth in revenue. Its earnings went up $1.4b (RM4.9b) YoY in Q4 2022.

Higher operating costs led to the healthcare firm’s EBITDA 4% YoY decline to $329m (RM1.1b) in Q4 2022.

Follow the link for more news on

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!