IHH Healthcare's Q2 profit soars as patient volumes surge

Malaysia, Türkiye & Europe, and India led performance at the country level.

IHH Healthcare's reported profit after tax and minority interests rose 29% year on year (YoY) to US$136m (RM573m) in the second quarter, as higher patient volumes drove double-digit growth across every key financial metric.

Core revenue, calculated on a constant currency basis, rose 19% YoY to US$1.64b (RM6.9b).

On a reported basis, revenue increased 12% to US$1.67b (RM7b), with the gap between core and reported figures reflecting the impact of a stronger ringgit.

Malaysia, Türkiye & Europe, and India led performance at the country level. Malaysia posted double-digit growth in revenue and daycase volumes alongside higher inpatient admissions.

Türkiye & Europe delivered broad-based growth despite bed additions at the Kartal, Kent and Bayindir hospitals. In India, integration under the Fortis Healthcare and Gleneagles India maintenance services agreement continued to add scale, alongside organic growth.

Singapore remained on a recovery track, with occupancy rising to 51% in Q2 from Q1 lows, supported by margins of 29%.

(US$1=RM4.03)