Singhe Hospitals MD confident of profits

23 March 2015 06:42 am - 0     - {{hitsCtrl.values.hits}}

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Says dividends will be paid

The Managing Director of Singhe Hospitals—of which an Initial Public Offering (IPO) is currently underway—says the company’s profits will grow in 2015/16 and dividends will be paid to investors. 
“We firmly believe in paying dividends to the investors with better profits generated from the 
IPO proceeds. 
This will in turn is expected to increase our bottom line. As such, the IPO investors will be able to reap benefits from dividends and increase in earnings,” Singhe Hospital Managing Director Navinda Weerasinghe said in a 
press statement.
“We have easily achieved our budget targets for the 2014/15 period and will continue to improve our performances in 2015 and onwards with the IPO infusion,” he added. Singhe Hospitals Limited is raising Rs.25O million offering 100 million ordinary voting shares, each at Rs.2.50. 
The company is expected to be listed on the Diri Savi Board of the Colombo Stock Exchange.
Navinda, son of Singhe Hospitals Chairman A.M. Weerasinghe, was educated in the United States of America specializing in business management. He firmly believes in developing an organisation to a greater profitability and providing a return to the investors from year one.
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