IHH Healthcare's net profit drops 33% to $121.3m in Q1

Revenue grew 6% YoY to $1.5b (RM 6.3b).

IHH Healthcare reported a 33% year-on-year (YoY) drop in net profit to $121.3m (RM 514m) for the first quarter of the year.

Revenue grew 6% YoY to $1.5b (RM 6.3b), driven by increased contributions from Malaysia, Türkiye, and Europe despite the full Ramadan holiday period affecting several markets.

Meanwhile, EBITDA went down 2% to $307m (RM 1.3b).

RM 1 = $0.24