Companies

No change in audited Fortis results

Our Bureau New Delhi | Updated on July 07, 2018 Published on July 07, 2018

The company had net debt of ₹1,404 crore as on March 31, 2018.   -  SAUMYA KHANDELWAL

Board in the process of evaluating bids

Fortis Healthcare Limited announced today that its consolidated audited financial results for the quarter and year ended March 31, 2018 remained the same as the unaudited numbers released previously on June 27.

“The audited financial statements have been released on the completion of the additional review of certain internal processes which had been undertaken at the request of the board of directors. There has been no change in the figures reported in the audited financial statements compared to the unaudited results announced on June 27, 2018,” a Fortis release said.

The notes to the audited financial statements should be read in conjunction with the Auditor’s Report and its qualifications, it further said.

Ravi Rajagopal, Chairman, board of directors, Fortis Healthcare stated, “With the release of the audited financial statements, we have addressed an important objective that we had set for ourselves, as a reconstituted board comprising independent directors, in the backdrop of recent developments. Our focus in the future will be in strengthening governance and transparency and restoring the health of the business. We are also currently in the process of evaluating the bids received on July 3, 2018 and will present our recommendation to the shareholders in the coming days."

The company had net debt of ₹1,404 crore as on March 31, 2018. This compares to a net debt of ₹1,279 crore in the previous financial year, the results stated.

Published on July 07, 2018
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