20 July 2017
Peter Lim revamps TMC Life
BY INTAN FARHANA ZAINUL
The Johor royal family has a 7.67% stake in TMC and 11.7% in Rowsley.
Source: The Star
http://www.thestar.com.my/business/busi ... FxGWhht.99
The Johor royal family has a 7.67% stake in TMC and 11.7% in Rowsley.
“We expect to record a double digit growth in terms of earnings before interest, taxes, depreciation and amortisation (Ebitda) this financial year 2017 (ending Aug 31).
It would be a very decent performance. In fact our target is for a double-digit growth every year. We think the Ebitda is the best gauge to measure how our business is doing,” Quek says.
At present, TMC has 200 beds in its stable at its flagship Tropicana Medical Centre, and once its expansion plans are carried out, will see its bedcount growing to 600 and another 500 beds are also being planned at a new hospital in Johor called the Iskandariah Hospital
“We have almost RM600mil which would come in 2019, this is from our warrants that will mature in July 2019.
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