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Healthcare chain Fortis today reported a 90% jump in net profit in the April-June quarter due to a onetime gain of Rs 87.25 crore.
Net consolidated profit stood at Rs 87.28 crore against a loss of Rs 45.80 crore in same quarter of last year. Income from operations rose 3% to Rs 1,040 crore.
The company gained Rs 78.44 crore from sale of investment in Singapore based Radlink-Asia Pte Ltd. A sum of Rs 8.81 crore was realised from sale of investment in Fortis Healthcare Singapore Pte Ltd.
