KUALA LUMPUR (Feb 24): IHH Healthcare Bhd shares dipped 2.76% this morning after it fell into the red with a fourth quarter net loss of RM42.51 million — compared with a net profit of RM415.83 million a year ago — dragged down by a massive exchange loss of RM224.5 million.

At 9.28am, IHH Healthcare fell 17 sen to RM5.98 with 561,600 shares traded.

The group also recognised higher doubtful debts expenses of RM49 million compared with RM9.9 million in 4QFY15.

For the full year, IHH’s net profit declined 34.4% to RM612.35 million while revenue rose 18.5% to RM10.02 billion.

It proposed a first and final single tier dividend of three sen per share.