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Malaysia's IHH Healthcare Swings To Profit In 4Q

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Feb 27) -- Malaysia's IHH Healthcare, Asia's largest hospital operator by market value, swung to a profit in fourth quarter aided by strong growth in revenue from existing operations and new hospitals that opened last year.

Net profit for the period ended December stood at 101.26 million ringgit ($25.88 million), compared with a loss of 42.51 million ringgit a year ago, the company said in an exchange filing. Quarterly revenue grew 10% to 2.89 billion ringgit.

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