Fortis Healthcare posts net loss of Rs 7.90 million in Q4

Fortis Healthcare posts net loss of Rs 7.90 million in Q4Fortis Healthcare Ltd, India's fastest growing healthcare chain has finally declared the results for the fourth quarter ended on March 31, 2009.

The company stated in a communiqué that it has recorded a net loss of Rs 7.90 million for the quarter ended March 31, 2009 as compared to net profit of Rs 96 million for the same quarter last year.

In a filing to Bombay Stock Exchange (BSE), the company said that its total income has declined by 1.60 per cent to Rs 507.80 million in the latest quarter. The company had a total income of 516.10 million in Q4 2007-08.

For the year 2008-09, the company has registered a consolidated net loss of Rs 71.50 million. It had reported a net profit of Rs 26.20 million in fiscal 2007-08.

Fortis Healthcare's total income during latest fiscal surged to Rs 1934.50 million, a jump of 1.77 per cent from Rs 1900.70 million reported during the previous fiscal.