Health Check

May 31, 2013 (LBO) – Profits at Sri Lanka’s Asiri Hospital Holdings Plc, edged up 2.9 percent to 269 million rupees in the March 2013 quarter from a year earlier, helped by non operating gains, accounts showed. In the March 2012 quarter there were 205 million rupees of fair value gains which were absent this year.

The group reported earnings of 24 cents per share for the quarter. In the full year the group reported earnings of 76 cents per share on total profits of 777 million rupees which grew 29.5 percent.

The stock closed at 15.50 rupees flat on Thursday.

Revenues rose 7.7 percent to 1.76 billion rupee in the quarter from a year earlier but expenses rose at a faster 14.2 percent to 929 million rupees and the group grew gross profits 1.3 percent to 833 million rupees.

Administrative expenses rose 20.9 percent to 428 million rupees. Other income and gains rose 19.5 percent to 55.7 million rupees and finance expenses fell 8.4 percent to 164 million rupees.

Forex losses fell to 10 million rupees, from 231 million rupees a year earlier and there were 100 million rupee gain on short term investments.