Patient volumes picked up as the lockdowns gradually eased to varying extent since June 2020. In addition, the magnitude of Covid-19 related-services provided by the group also increased as the pandemic continues. The group was in active collaboration with the public healthcare sector of the countries it operates in since late January 2020 to treat Covid-19 patients, as well as to provide Covid-19 screening, laboratory testing and vaccination services.
The consolidation of DDRC SRL Diagnostics since April 2021 and acquisition of Prince Court Medical Centre (PCMC) in September 2020 also contributed to the increase in revenue in 1HFY2021.
As at end-June, cash and cash equivalents stood at RM2.1 billion.
Dr Kelvin Loh, managing director and CEO of IHH says, "While we may face unpredictable short-term headwinds amid the ever-evolving pandemic situation, we are confident of our longer-term trajectory. Given the Delta variant causing a resurgence worldwide, the situation remains fluid, but our priority remains the same - we will provide the fullest extent of Covid-19 support for governments so that patients continue to get the best of medical care, while ensuring the safety and well-being of our people."
Shares in IHH Healthcare closed 1.08% higher at $1.88 on Aug 26.
Photo: IHH Healthcare
