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Fortis Healthcare inches up after reporting turnaround in Q1 June 2015

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Fortis Healthcare rose 0.56% to Rs 196 at 9:17 IST on BSE after the company reported consolidated net profit of Rs 87 crore in Q1 June 2015 compared with net loss of Rs 46 crore in Q1 June 2014.

The result was announced after market hours yesterday, 6 August 2015.

Meanwhile, the S&P BSE Sensex was down 29.96 points or 0.11% at 28,268.17.

On BSE, so far 63,000 shares were traded in the counter as against average daily volume of 2.28 lakh shares in the past two weeks.

The stock hit a high of Rs 199 and a low of Rs 195.35 so far during the day.

 

Fortis Healthcare's revenue rose 2.74% to Rs 1049 crore in Q1 June 2015 over in Q1 June 2014. The results for Q1 June 2015 are not comparable with Q1 June 2014 due to progressive divestment of the company's international businesses viz. RadLink Asia, Singapore and Fortis Surgical Hospital Singapore which was completed in Q1 June 2015.

Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.

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First Published: Aug 07 2015 | 9:06 AM IST

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