IHH pre-tax profit soars to RM1.4b

IHH Healthcare's pre-tax profits more than doubled to RM1.4 billion in 2012 since initial public offering (IPO), said managing director Dr Lim Cheok Peng.

However, he said business growth is somewhat constrained by industry wide shortage of trained doctors and nurses in Malaysia and Singapore.

IHH's IPO and dual listing in Kuala Lumpur and Singapore was in July 2012.

Going forward, Lim said the 150-bed Gleneagles Medini is expected to complete construction early 2015.