IHH returns to the black in the first quarter


“Adapting nimbly to undertake operational changes and new initiatives enabled us to return a 77% year-on-year growth in core earnings at this stage of our recovery, ” IHH managing director and CEO Dr Kelvin Loh (pic) said in a statement.

PETALING JAYA: IHH Healthcare Bhd has posted a turnaround for its first quarter ended March 31,2021, with net profit at RM375.62mil compared with a net loss of RM319.79mil in the same quarter a year ago on the absence of impairment losses that were recorded a year ago.

Revenue for the quarter also saw a corresponding rise to RM3.95bil from RM3.56bil in the same quarter a year ago.

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