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KUALA LUMPUR: IHH Healthcare Bhd recorded a net profit of RM483.31 million for the second quarter (Q2) ended June 30, 2021, compared with a net loss of RM120.64 million in the same period last year.
Revenue rose to RM4.27 billion from RM2.57 billion previously, the Malaysian-Singaporean private healthcare group said in a filing with Bursa Malaysia today.
It said the higher revenue was achieved as more patients returned to its hospitals for treatments in certain markets where movement restrictions were eased.
"The consolidation of diagnostic service provider DDRC SRL Diagnostics and Prince Court Medical Center also contributed to the higher revenue.
"We continue to actively support the public healthcare sector through pandemic-related services such as the treating of COVID-19 patients, screening, laboratory testing, and vaccinations," it said.
Moving forward, the group expects continued short-term impact from the resurgence of COVID-19 cases as the pandemic evolves, with movement restrictions across countries it operates.
"Our long-term growth trajectory remains solid and we are well-prepared to ride out the pandemic to emerge stronger.
"We will continue to stay guided by our purpose to build trust with all stakeholders," it added. - Bernama