Fortis Healthcare Q2 net profit up 477 percent

November 3rd, 2010 - 3:45 pm ICT by IANS  

New Delhi, Nov 3 (IANS) Fortis Healthcare Wednesday reported a 477 percent rise in net profit for the quarter ended Sep 30 at Rs.74.8 crore against Rs.12.8 crore earned during the like period of last fiscal.

This includes the net profit of Rs.53.9 crore made of divesture of investments in Singapore’s Parkway Holdings, the company said in a regulatory filing.

The total income during the July-September quarter increased 88 percent to Rs.357.85 crore from Rs.190.5 crore during the corresponding period of the previous year.

The healthcare provider attributed the quarterly results to strong performance by its facilities in Noida, Mohali, Malar (Chennai) and Jaipur.

“The last quarter has been very exciting for us with increasing footholds in both Indian and overseas markets. We remain committed to medical excellence and world-class quality as we build on the recognition Fortis enjoys, as a trusted name in healthcare,” said Shivinder M. Singh, managing director.

At the Bombay Stock Exchange the shares of the company were trading 1.49 percent up at Rs.166.50.

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