By J. Kurukulasuriya
Ceylon FT: The Lanka Hospitals PLC, (formerly known as Apollo Hospitals), operators of the private hospital located at Elvitigala Mawatha, Narahenpita, have reported a 17% increase in group revenue to Rs 1,145 million, but net profit after tax fell to Rs 144 million (down 18%) in the quarter ended 31 March 2014.
Cost of sales, staff costs and other operating expenses, all increased, with staff costs rising by 33% to Rs 312 million in the quarter. The cash flow statement for the quarter indicates a cash outflow of Rs 53 million for the purchase of property, plant and equipment. The bank overdraft stood at Rs 195 million.
The buildings of the group were revalued as at 31 December 2013 by A.A.M. Fathihu - F.I.V (Sri Lanka) incorporated valuer. "Only the surplus on revaluation relating to the building was incorporated in the financial statements from its effective date 31 December 2013", states the company. The revalued buildings are reflected at a value of Rs 3,225 million.
Cost of sales, staff costs and other operating expenses, all increased, with staff costs rising by 33% to Rs 312 million in the quarter. The cash flow statement for the quarter indicates a cash outflow of Rs 53 million for the purchase of property, plant and equipment. The bank overdraft stood at Rs 195 million.
The buildings of the group were revalued as at 31 December 2013 by A.A.M. Fathihu - F.I.V (Sri Lanka) incorporated valuer. "Only the surplus on revaluation relating to the building was incorporated in the financial statements from its effective date 31 December 2013", states the company. The revalued buildings are reflected at a value of Rs 3,225 million.
The stated capital of the company is Rs 2,671 million. The Public Shareholding in the company is 16.73%, (37,433,261 shares).
Sri Lanka Insurance Corporation is the company's main shareholder with 55%, Fortis Global Healthcare Holdings holds 28%, and the Bank of Ceylon Unit Trust holds 0.23%.
Among individuals, the main shareholder is K. Rajakanthan - (0.23%).
Sri Lanka Insurance Corporation is the company's main shareholder with 55%, Fortis Global Healthcare Holdings holds 28%, and the Bank of Ceylon Unit Trust holds 0.23%.
Among individuals, the main shareholder is K. Rajakanthan - (0.23%).
Shares traded at between Rs 47.70 and Rs 40 during the quarter. There are 7,671 shareholders of whom 146 are institutions and 30 are non residents.
Gotabhaya Rajapaksa, secretary Ministry of Defence and Urban Development, is the Chairman of the Company. R. S. Cabraal is the deputy Chairman. Prof. Dayasiri Fernando is also a member of the Board.
www.ceylontoday.lk
Gotabhaya Rajapaksa, secretary Ministry of Defence and Urban Development, is the Chairman of the Company. R. S. Cabraal is the deputy Chairman. Prof. Dayasiri Fernando is also a member of the Board.
www.ceylontoday.lk
No comments:
Post a Comment