ISEC Healthcare net profit up 11% in Q3 2024

It is mainly due to a foreign exchange gain of $820,000 during the period.

ISEC Healthcare recorded a $4.2m net profit during the third quarter of the year (Q3 24), an 11% increase from last year’s $3.8m.

The company said this is mainly due to a foreign exchange gain of $820,000 during the period.

Revenue also grew by 5% to $19m, following the increase in revenue of its health services segment due to increased business activities.

However, dividends paid decreased to $1.7m from $4.4m, owing to increased payments of leases, interests, and loans.

Moreover, ISEC said that its purchase of certain strata-title units in Kuala Lumpur may affect the group in the next reporting period.

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