Fortis Healthcare Dec qtr profit at Rs 389.09 crore

Fortis Healthcare today posted a consolidated net profit of Rs 389.09 crore for the third quarter ended December 31.
Fortis had posted a consolidated net profit of Rs 705.03 crore in the October-December quarter of the previous fiscal.
Total consolidated income for the third quarter this fiscal stood at Rs 1,018.72. It was Rs 1,593.94 crore in same quarter last fiscal, Fortis Healthcare said in a BSE filing.
The company said results for Q3 of FY 2013-14 are not comparable to the corresponding period of last fiscal due to progressive divestments of its international businesses in Australia, Vietnam and Hong Kong.

Its consolidated revenue from Indian operations was Rs 869.49 crore in this quarter. The figure stood at Rs 720.92 crore in the same quarter last fiscal.
"Our India business continues to show positive momentum. Our focus on operational performance is reflected in the strong results at FMRI, our new flagship hospital, in Gurgaon.
"The diagnostics business at SRL is also expanding rapidly and remains robust. We will continue to build on our strong foundation and intensify our pace of growth in India ," said Fortis Healthcare CEO Aditya Vij.
Shares of Fortis Healthcare today closed at Rs 99.15 apiece on the BSE, down 1.78 per cent from their previous close.