Nawaloka Hospitals records Rs.120 m pre-tax profit in 1Q
View(s):Nawaloka Hospitals PLC has recorded strong growth during the first quarter for FY23/24 ending June 2023 with Rs.120 million profit-before-tax (PBT) in its interim financial statement, marking a 158 per cent increase over the same period in the previous year.
The report highlighted the group’s recent restructuring and increased activity in key areas such as medical innovation and patient-care excellence, accounting for a swift recovery and positive turnover.
Revenue was recorded at Rs.2.6 billion, a 21 per cent increase over the previous year’s Rs.2.1 billion. Similarly, the Group’s Operating Profits rose by 185 per cent at Rs. 570 million, over the previous year’s Rs.200 million.
The company recorded Rs.1.3 billion in Revenue, a 19 per cent growth over the previous year’s Rs.1.1 billion, and an Operating Profit of Rs.423 million, a 72 per cent increase over the previous year’s Rs.246 million.
Dr. Jayantha Dharmadasa, Chairman, Nawaloka Hospitals PLC reflected on some of the organisation’s key milestones in 2023, including the achievement of 15,000 successful heart surgeries performed at Nawaloka Hospitals, and its strong emphasis on patient-care experience improvement.
Some activities under this pillar were the VVIP Elite Centre which was launched to offer more customised and privacy-focused healthcare services, as well as the complete overhaul of Nawaloka Hospitals’ homecare and nursing services, which were focused towards providing a superior patient experience.
“These substantiated figures of growth stand as a testament to the organisation’s core values and efforts in overcoming unfavourable situations with the utmost level of hope and strategic alliance. The turbulence of the previous few years has allowed our organisation to stand out stronger, while continuing our endearing commitment to uplift the standards for our healthcare services, as well as our community contributions. We expect further growth in the coming quarters, and look forward to a fruitful year ahead,” Dr. Dharmadasa said according to a media release issued by the company.
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