Forex exposure remains IHH Healthcare’s Achilles heel

Despite a forex bump in the fourth quarter, IHH Healthcare, Asia’s largest healthcare company, reported a 35% drop in profits for the year. In Q4, profits quintupled to M$509.4 million (US$125.3 million) on revenues that were up 10% to M$3.2 billion. For the full year, profits declined 35% to M$627.7 million on revenues that gained…

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