Fortis Healthcare reports Q2 loss of Rs 142 crore
Hospital operator Fortis Healthcare Ltd, which is set to be acquired by Malaysia's IHH Healthca..
Hospital operator Fortis Healthcare Ltd, which is set to be acquired by Malaysia's IHH Healthcare Bhd, posted a quarterly loss due to impairment charges.
The company's net loss widened to 1.42 billion rupees ($19.43 million) in the second quarter ended September, from 236.1 million rupees a year earlier, according to a filing on Monday.
Fortis, which has operations in India, Dubai, Mauritius and Sri Lanka, agreed to be bought by IHH Healthcare after a prolonged takeover battle, which drew interest from five international and local suitors.
Income from operations fell 4.8 percent to 11.40 billion rupees. The company incurred a one-time loss of 960.7 million rupees for the quarter compared with a loss of 467.6 million rupees a year ago.
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