Nawaloka Hospitals says rise in revenues and profits
View(s):Growing patient numbers, medical investigations and pharmacy sales have seen a sharp rise in group revenue and group net profit at Nawaloka Hospitals. In the quarter to June 2012, the hospital reported a group revenue of Rs. 1.05 billion, up from Rs. 805.12 million for the same period last year, while its group net profit was Rs. 98.04 million, rising from Rs. 2.18 million in the quarter of the earlieryear, a media statement from the company said.
Group cost of sales fell to Rs. 525.81 million from Rs. 438.47 million. Group operating profit rose to Rs. 142.58 million, from Rs. 30.83 million in the 2010/11 quarterprior, with Group Earnings per Share. With more than 400 beds and 600 visiting consultants, Nawaloka Hospitals PLC is the largest local private hospital in terms of beds in a single location and is also the country’s first private healthcare institution, opened in 1985.
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