IHH Healthcare, majority owned by Malaysian sovereign wealth fund Khazanah Nasional Berhad, on Wednesday reported a 29 percent rise in quarterly net profit due to one-off gain from divestment of a minority stake in Apollo Hospitals .
Net profit attributable to shareholders rose to 316.6 million Malaysian Ringgit compared to 246.1 million Malaysian Ringgit last year.
Revenue increased 12 percent to 2.8 billion Malaysian Ringgit in the three months ended June 30.
The Malaysian healthcare conglomerate sold about 5 percent stake in India's Apollo Hospitals for US$128 million in May.
Parkway Pantai, the group's largest operating subsidiary, reported a 14 percent increase in second-quarter revenue.
Acibadem Holdings, Turkey's leading private healthcare provider in which IHH owns a 60 percent stake, posted a 10 percent rise in quarterly revenue.
"IHH continues to believe in the sustained demand for quality private healthcare in its home and key growth market of Greater China," the company said in a statement late on Wednesday.
Shares in the company ended down 0.3 percent at S$1.895. The stock has lost about 11 percent so far this year.