• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Jan 23 Fortis Healthcare has reported a profit of Rs 1.6 crore on a standalone basis for the third quarter ended December 31, 2007 against a loss of Rs 11.49 crore reported during the corresponding quarter of the previous year. Net sales for the quarter were at Rs 38.5 crore against Rs 23.03 crore in the same quarter of the previous year.

The company took a dent from the fallout between doctors and management at its flagship hospital Escorts Heart Institute and Research Centre in May last year. According to a senior official, however, occupancy was improving and other hospitals had made up for the downslide at Escorts.

On a consolidated basis, the company reported a loss of Rs 19.36 crore during the third quarter ended December 31, against a loss of Rs 28.5 crore during the same period of previous year. Net sales for the quarter fell to Rs 121.5 crore against Rs 139.62 crore reported during the same period last year. Escorts contributed about 34 per cent to net sales against 43 per cent in the previous corresponding quarter.

“Fortis’ strong brand equity and super specialty focus will help us in consolidating our position in the domestic healthcare industry. We expect the coming quarters to be more robust by achieving our targets with our aggressive expansion plans,” said Mr Shivinder M. Singh, CEO and MD, Fortis Healthcare in an official statement. On Wednesday, shares of the company ended 10.62 per cent higher atRs 82.3 on the BSE.

More Stories on : Medical Institutions & Hospitals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SRF net dips 51% in Q3 to Rs 34.28 cr

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line