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Fortis Healthcare Q4 net loss at Rs 116 cr

Fortis Healthcare Ltd Thursday reported consolidated net loss of Rs 116 crore for the fourth quarter ended March 31.



New Delhi: Fortis Healthcare Ltd Thursday reported consolidated net loss of Rs 116 crore for the fourth quarter ended March 31.

It had reported net profit of Rs 48 crore in the January- March quarter of 2011-12 fiscal.

The company said in a statement that its Q4 consolidated total income increased to Rs 1,610 crore, over Rs 1,279 crore in the same quarter of FY 2011-12, the statement added.

Fortis Healthcare Group CEO Vishal Bal said: "Our focus in FY13 was targeted towards a twin objective of strengthening our balance sheet position while improving the operating performance of the company. Over the last two quarters we have achieved a significant improvement in the debt equity position of the company."

He added: "All our businesses have shown significant growth on an annualised basis; we are taking multiple steps to consolidate the operating performance of the company with our Indian operations poised to contribute over 70 percent of our global business during FY14."

On standalone basis, the company's net loss for the quarter ended March 31, was at Rs 9 crore.

The company had reported net profit of Rs 184.9 crore in the January-March quarter of FY'12.

PTI

From Zee News

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