Nawaloka Hospitals 1Q16 profit up 23% amid improved top line performance

21 August 2015 06:18 am - 0 - {{hitsCtrl.values.hits}}

A A A

Leading private healthcare institution Nawaloka Hospitals PLC saw its June net profit (1Q16) increasing 23 percent year-on-year (yoy) amid better top line performance.
Accordingly, earnings per share edged up to Rs.0.04 from Rs.0.03 yoy.
Revenue increased to Rs.1.36 billion from Rs.1.06 billion yoy, while cost of services increased to Rs.673.83 million from Rs.542.69 million yoy.
Gross profits rose to Rs.688.31 million from Rs.515.15 million yoy.

Total equity increased slightly to Rs.3.95 billion from Rs.3.89 billion in 4Q15 through retained earnings, while long and short-term borrowings increased to Rs.1.76 billion from Rs.1.62 billion and the bank overdraft increased to Rs.721.99 million from Rs.642.89 million in the same period.

Group Chairman/CEO H. K. J Dharmadasa owns 32.69 percent of the shares directly and 31.34 percent of the shares through Nawaloka Construction Company Limited, while Dr. T Senthilverl owns 21.86 percent of the company shares.

Staff costs increased to Rs.277.09 million from Rs.225.79 million yoy and administrative expenses went up to Rs.254.88 million from Rs.196.98 million yoy, while finance cost increased to Rs.92.86 million from Rs.59.47 million yoy due to increased loans and overdrafts.
The asset base of the group grew to Rs.8.95 billion from Rs.8.65 billion in 4Q15.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Nawaloka Hospitals 1Q16 profit up 23% amid improved top line performance

Comments - 0

Add comment

RECOMMENDED

Govt. poised to contain rice mafia - Shasheendra Rajapaksa

Thalaimannar, Maldives and now Iranaithivu…

Mineral sands extraction project in Oluvil: Worrisome future for Sri Lanka’s coastal stretches?

Khaki fury at Peliyagoda Police rattles law fraternity

Porn and Nudes: Delving into Cyber Exploitation in Sri Lanka

People at a loss as.... COVID vaccination programme hits a snag

42 trees felled; Ambagamuwa PS Chairman - a law unto himself ! Unjust enrichment via natural resources

Most Viewed in News

Businessman’s son jumps to death from 10th floor of private hospital: Police

Epidemiology Unit begins probe on two deaths following vaccination

18 countries pledge to speak on behalf of SL at UNHRC

Porn and Nudes: Delving into Cyber Exploitation in Sri Lanka

Decapitated body found in Dam Street: Suspect SI found dead hanging

VIP among local guests asked to vacate newly certified Level 1 hotels in SL

TODAY'S HEADLINES

Chief of Air Staff of Pakistan Air Force calls on PM

Provincial Council Elections UNP and SJB deny social media reports on formation of alliance

Reacting to Ahimsa: US Congress urges justice in SL

Gas prices likely to increase

MIRROR CRICKET

Pollard hits six sixes off hat-trick man Dananjaya in T20 triumph

Sri Lanka Cricket ratifies Moody signing

Upul Tharanga retires from International cricket

Vaas resigns 3 days after being appointed Sri Lanka’s bowling coach

NCC, Ragama CC record second successive win

Dasun Shanaka leaving for Windies on Sunday

Sachithra questioned for 10 hours by SIU

Ahan, Sadisha run riot at Reid Avenue