Fortis Healthcare reported a 41.34 per cent increase in consolidated net profit at Rs.41.54 crore for the fourth quarter ended March 31, 2012, with its India and international businesses contributing equally. It had posted a net profit of Rs.29.39 crore in the corresponding period in the previous fiscal, Fortis Healthcare said in a statement.
Consolidated total income rose to Rs.1,279.1 crore from Rs.421.18 crore.
During the period under consideration, the company completed its acquisition of Fortis Healthcare International Pte Ltd (FHIPL), thereby extending its presence in the Asia-Pacific region.
For the year ended March 31, 2012, the consolidated net profit, however, slipped to Rs.72.22 crore from Rs.124.33 crore in the year-ago period. Total income at Rs.2,982.81 crore against Rs.1,490.64 crore.
Commenting on the results Fortis Healthcare Group CEO Vishal Bali said: “Our India and international businesses have contributed equally to the growth of the company. I believe this is reflective of the significant business opportunity ahead of us.”
The company's board has granted an in principle approval for the future listing of the company's clinical establishment division, on the Singapore Exchange Securities Trading Ltd, Fortis Healthcare said.
