SINGAPORE (Aug 25): IHH Healthcare posted earnings of RM246.1 million ($82.7 million) for 2Q16, an 8% increase from the earnings of RM228.1 million in 2Q15, thanks to one-off gains.

During the quarter, IHH recognised a RM54.8 million gain from the disposal of its 90% equity interest in Shenton Insurance. It also recorded an exchange gain of RM7.5 million from Acibadem Holdings’ non-Turkish Lira denominated borrowings, compared with the exchange loss of RM22.0 million a year ago.

Excluding one-off items, earnings would have declined 20% to RM 187.8 million from incremental depreciation from new hospitals and higher net financing costs.

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