Friday 03 May 2024
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KUALA LUMPUR (Nov 3): Japanese trading house Mitsui & Co Ltd said its share of losses from IHH Healthcare Bhd, in which it has a 32.9% stake, amounted to ¥1.4 billion (RM55.6 million) for the July to September quarter.

According to the group’s data book on consolidated financial results ended Sept 30, 2020, Mitsui made a loss of ¥3.6 billion (RM142.97 million) from its investment in the group, compared with earnings of ¥1.6 billion (RM63.54 million) in September 2019.

IHH has 77 hospitals in 10 countries, including Malaysia, Singapore, India and China. 

On Oct 14, it was reported that Japan's Mitsui may create value to the hospital chain through new business, saying that IHH could use its data from nearly six million annual outpatients, including online patients and 600,000 inpatients to cut costs and expand its business.

At the time of writing, shares in IHH Healthcare had fallen seven sen or 1.38% to RM4.99, valuing the group at RM43.8 billion with 308,300 shares changing hands.

Edited ByLam Jian Wyn
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