IHH Healthcare to face “flat earnings” growth in FY25F: report

Its Singapore operations are expected to soften in the same period.

IHH Healthcare is projected to witness flat earnings growth of 3.4% year-on-year for FY25F, according to CGS International.

The growth is attributed to a one-off tax break IHH received in Turkey in the first quarter of last year.

Meanwhile, the company's Singapore operations, which contributed approximately 35% of its 9M24 EBITDA, are expected to soften in FY25F due to accelerated asset enhancement initiatives (AEI) at Mt Elizabeth Orchard.

The AEI will temporarily reduce the number of operating beds by around 100 out of a total of 790.