July 30, 2010 (LBO) - Sri Lanka's Asiri Hospitals group said profits fell 38.4 percent to 24.5 million rupees in the June 2010 quarter from a year earlier as the bottom line was pressured by a new hospital.
Revenues rose 28.2 percent to 1,141 million rupees from a year earlier, the firm said in interim accounts filed with the Colombo Stock Exchange. The firm reported a basic earnings per shares of 3 cents for the quarter.
At stand alone company level, the hospital made 90.4 million rupees, up from 29.6 million rupees a year earlier.
The Asiri group has a medical hospital, a surgical hospital and a new unit Central Hospital, to which the business of another older acquired hospital, Asiri Central, has been shifted.
The firm said Central Hospital (Pvt) Ltd started operations on April 02 and losses made in the quarter had been included in the group accounts.
Sri Lanka's John Keells Holdings is a key shareholder of Central Hospitals.
Softlogic Holdings owns 20.3 percent of Asiri Hospitals, and two other group companies own a further 5.0 percent of the firm.
source - www.lbo.lk
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