Manipal Health Reports 31 Percent Profit Rise
Indian hospital operator Manipal Health Enterprises posted a 31 percent jump in adjusted first-quarter profit. Revenue rose 38 percent driven by strong demand for complex medical procedures and higher patient volumes.
Manipal Health Enterprises posted a 31% jump in adjusted first-quarter profit after tax to 3.32 billion rupees ($34.69 million) on Thursday afternoon. The hospital operator's earnings follow its initial public offering in India during July. High-value specialty procedures and rising hospital occupancy underpinned the quarterly revenue increase.
