SINGAPORE (May 19): IHH Healthcare reported 1Q earnings doubled to RM470 million ($151.2 million), following a RM313.4 million gain from the group’s divestment of a 6.07% stake in Apollo Hospitals.

In a separate filing, IHH also announced it is disposing its remaining 4.78% stake in Apollo for a total cash consideration of INR8.198 billion ($177.3 million).

Excluding exceptionals, PATMI decreased by 15% to RM201.8 million on incremental depreciation, amortisation and finance costs for the new hospitals in Hong Kong and Istanbul.

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