Fortis posts strong operating performance in Q1FY2013

Fortis Healthcare Ltd announced its consolidated results for the quarter ended June30, 2012.The company posted a threefold increase in revenue and operating EBITDA as compared to Q1FY12. With a growth of 191 per cent the consolidated global revenues stood at Rs1,409 crore compared to Rs 485 crore in the corresponding quarter of last year.

Vishal Bali, Group CEO, Fortis Healthcare Ltd, commented, “Our strong operating performance both in India and across International assets reflects the strength of our businesses and the growth potential across all our markets. We have added management depth and bandwidth, expanded clinical acumen and strengthened each of our assets to deliver better performance.”

 During the quarter, Fortis Healthcare commissioned a key super specialty hospital in Singapore which was formally inaugurated on 31st July, 2012 is the first and only one of its kind in South East Asia specialising in the treatment of colorectal diseases. It is also the first green-field hospital of an India based healthcare organisation, overseas.