Lanka Hospitals reflects 27% top-line growth

Records PAT of Rs. 1.5 billion

Lanka Hospitals Corporation PLC concluded another successful quarter by recording strong performance with an impressive growth in its turnover and further strengthening the group’s financial position in the quarter ended 31st March 2022.

The hospital group recorded Rs. 2.8 billion in turnover compared to Rs. 2.2 billion recorded in the first quarter of the previous year. This reflects a 27% growth on the top line in a tightly competitive market amidst many challenges. In the company’s announcement to the stock exchange, it stated that the company has recorded a PAT of Rs. 1.5 billion, inclusive of an operational profit of Rs. 550 million and Rs. 1.1 billion in finance income and exchange gains. The increase in operational profit reflects a 52% profit growth in 2022 relative to the profit reported in the same period in 2021. The group’s net assets have grown by Rs. 1.4 billion within the first quarter of 2022.

Chairman of Lanka Hospitals Group, Dr. Bandula Wijesiriwardena commenting on the company’s performance stated, “I am confident that the Lanka Hospitals Group will employ all measures necessary to provide healthcare services to the general public at an affordable cost.”