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Nawaloka Hospital profits up
Nawaloka Hospitals PLC enjoyed a record year with profit and revenue margins increasing signficantly, and performance ending nine months in December 2010 seeing a substantial increase.
A program of strategic expansion as well as an increased focus on financial controls and a reduction of liabilities earned the Group a record 246 percent increase in profit after tax of Rs 61 million for the quarter ended December 2010, compared to a significantly lower profit of Rs 17 million for the same quarter in 2009.
Group revenue for the quarter ended December 2010 also rose notably to Rs 842 million compared to revenue of Rs 752 million for the same comparative quarter in 2009.
Nawaloka Hospital profits up
Nawaloka Hospitals PLC enjoyed a record year with profit and revenue margins increasing signficantly, and performance ending nine months in December 2010 seeing a substantial increase.
A program of strategic expansion as well as an increased focus on financial controls and a reduction of liabilities earned the Group a record 246 percent increase in profit after tax of Rs 61 million for the quarter ended December 2010, compared to a significantly lower profit of Rs 17 million for the same quarter in 2009.
Group revenue for the quarter ended December 2010 also rose notably to Rs 842 million compared to revenue of Rs 752 million for the same comparative quarter in 2009.
