HMI profits hit by forex and startup costs

Wei Jia Chin, chief executive officer, HMI

Half yearly profits at SGX-listed but Malaysian-focused private healthcare provider Health Management International (HMI) have been hit by forex losses as well as startup costs for the group’s new specialist centre in Singapore. For the second quarter, profits fell 28.4% to M$11.3 million (US$2.8 million) on revenues that were up 10.9% to M$128.6 million. For…

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