Fortis Healthcare today reported a widening of consolidated
net loss to Rs 28.43 crore for the quarter ended September 30, 2012 over the
same period last fiscal.
The company had posted a net loss of Rs 12.32 crore for the
quarter ended September 30, 2011, Fortis Healthcare said in a statement.
Consolidated total income of the company however rose to Rs
1,493.45 crore for the quarter under consideration from Rs 614.22 crore for the
corresponding period previous fiscal.
The India business of the company recorded revenue of Rs 724
crore, a growth of 18 percent over the corresponding quarter previous fiscal,
Fortis said.
Commenting on the results, Fortis Healthcare Group CEO
Vishal Bali said: "I am particularly pleased with the sustained
improvement in the operating performance of the company over the three
sequential quarters."
The hospital business revenue stood at Rs 573 crore for the
quarter while the company's diagnostics business posted revenues of Rs 150
crore, the company added.
International business contributed to 52 percent of the
consolidated revenues and stood at Rs 770 crore, Fortis said.
In October, the company listed its Religare Health Trust, on
the Singapore Exchange and the "proceeds of nearly Rs 2,200 crore from the
RHT listing will be used to de-lever our balance sheet," Bali said.
The healthcare provider has an announced capacity of over
12,000 beds across its 76 hospitals in 11 countries. Shares of Fortis
Healthcare today closed at Rs 103.35 a share on BSE, down 0.86 percent from its
previous close.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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