OUE Lippo Healthcare posts net loss of $4.01m in H2 22

For fiscal year 2022, its revenue grew to $119.8m YoY.

Healthcare group, OUE Lippo Healthcare, recorded a revenue of almost $120m in FY 2022, compared to $19.7m in FY 2021.

In its financial statement, its revenue increased to $77.194m in FY 2022 from $9m in FY 2021.

OUE Lippo Healthcare, however, reported a net loss of $4.01m in the second half of 2022.

For the full year that ended 31 December 2022, its profit after tax was at $32.5m in FY 2022 from $110.9m in the same period in 2021.

Higher revenue stemmed from its consolidation of first REIT and medical partners from 1 March last year and from 1 July last year and Wuxi Lippo Xi Nan hospital and the China pharmaceutical distribution business revenue growth.