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Monday, August 8, 2011

Durdans 1Q net down 4 percent

By Keishara Perea

Ceylon Hospitals PLC (Durdans Hospital) recorded a Net Profit of Rs. 38.5 million for the quarter ended 30th June 2011. This was in contrast to a Net Profit of Rs. 40.3 million during the 1Q of the previous year, which in turn indicated a 4% decrease in Net Profit for the quarter.

Profit growth seemed to be constrained by the increase of administrative expenses which was Rs. 249 million during the 1Q of 2010 when compared to Rs. 305 million during the period in consideration.

Meanwhile, the financial statements for the quarter ended 30th June 2011 also indicated a steep rise in depreciation for the period which stood at Rs. 4 billion in contrast to depreciation of Rs. 2 billion during the previous year’s 1Q.

Basic Earning Per Share stood at Rs. 1.14 for the 1Q 2011 while EPS for the 1Q of 2010 was Rs. 1.43.

source - www.dailymirror.lk