UPDATE 1-Malaysia IHH Q2 profit soars on one-off gains, revenue jump

KUALA LUMPUR, Aug 28 (Reuters) - Malaysia's IHH Healthcare Bhd, the world's second-biggest listed healthcare provider by market value, posted a more than five-fold jump in second-quarter profit, mainly on consolidation of results from a Turkish hospital and gains from the sale of assets in Singapore.

The arm of Malaysia's state investor Khazanah Nasional Bhd is one of a small number of healthcare sector plays in the region, where rising incomes and an expanding middle class are boosting demand for better services.

IHH, which raised $2.1 billion in July in the world's third-biggest IPO so far this year, said net profit was 403.54 million ringgit ($130 million) in the three months ended June 30. Analysts generally don't provide quarterly profit estimates in Malaysia.

Revenue more than tripled to 2.70 billion ringgit from 815.97 million ringgit a year earlier, according to a stock exchange filing.

Net profit for the six months period ended June 30 rose nearly two-fold to 527.38 million ringgit, exceeding the 515.5 million ringgit full-year profit estimate of analysts tracked by Thomson Reuters I/B/E/S.

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