Lanka Hospitals grows from strength to strength

0
28

The Lanka Hospitals Corporation PLC, the internationally accredited, multiple award-winning healthcare provider concluded yet another successful quarter by recording strong performance with an impressive growth in its turnover and further strengthening the group’s financial position in the quarter ended 31st March 2022, hospital sources stated. The hospital group recorded Rs 2.8 billion in turnover compared to Rs 2.2 billion in the first quarter of the previous year.

This reflects a 27% growth on the top line in a tightly competitive market amidst many challenges. In the company’s announcement to the stock exchange, it   stated that the company has recorded a PAT of Rs 1.5 billion, inclusive of an operational profit of Rs 550 million and Rs 1.1 billion in finance income and exchange gains. The increase in operational profit reflects a 52% profit growth in 2022 relative to the profit reported in the same period in 2021. The group’s net assets have grown by Rs 1.4 billion within the first quarter of 2022.