Highest ever quarterly revenue achieved by IHH Healthcare in Q1 2024, with strong growth across key metrics.

From GlobeNewswire: 2024-05-29 08:07:00

IHH Healthcare hits a milestone with revenue reaching RM6.0 billion in Q1 2024, up 16%. Despite lower headline profit, due to one-off gains in previous period, core profit (PATMI ex EI) rose by 22%. Key metrics show EBITDA up 19% and PATMI ex EI up 22%.

Q1 2024 saw IHH Healthcare achieve a record-breaking performance with the highest ever quarterly revenue. Revenue and EBITDA saw double-digit growth, while PATMI (ex EI) increased by 22%. Shareholders approved all resolutions at the 14th Annual General Meeting. The new Mount Elizabeth Proton Therapy Centre in Singapore aims to provide advanced cancer treatment.

IHH Healthcare is confident in its growth trajectory, aiming to add 4,000 new beds in the next five years. The healthcare provider expects continued revenue growth driven by healthcare megatrends. The focus is on driving profitability and maintaining healthy ROE.

IHH Healthcare is a leading integrated healthcare provider committed to making a positive impact by providing comprehensive care across various levels. With a team of over 70,000 employees and a presence in 10 countries, IHH Healthcare aims to transform care for the betterment of patients, while ensuring sustainability.



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