The Hindu : Apollo Hospitals profit up

Online edition of India's National Newspaper
Friday, Nov 29, 2002

Business

Business

Apollo Hospitals profit up

By Our Corporate Reporter

CHENNAI NOV. 28. Apollo Hospitals Enterprise has reported higher turnover and profits in the six months ended September 30, 2002. Net sales have risen to Rs. 214.70 crores from Rs. 176.80 crores in the corresponding six months in 2001-02. The net profit has increased to Rs. 14.50 crores from Rs. 13.60 crores. Other income amounted to Rs. 5.30 crores against Rs. 4.60 crores.

The company has commissioned the first phase of 325-bed multispecialty hospital in Kolkata in association with the Parkway group of Singapore. Built with an investment of Rs. 210 crores, Apollo Gleneagles Hospital, Kolkata, will provide the most advanced healthcare facilities in over 50 medical specialties. It will supplement the healthcare infrastructure of not only East and North-East India but also holds the promise to become the central healthcare hub for Nepal, Bangladesh, Myanmar and Bhutan. The hospital will be fully commissioned in January 2003.

During the first half, the group opened Apollo DBC centre in Chennai in association with DBC International of Finland. Documentation Based Care (DBC) is a path breaking medical advancement and a revolutionary concept resulting from over 20 years of global scientific research, patented by Dr. Simo Taimela of Finland. Set up with an initial investment of Rs. 1 crore, the centre will utilise the contemporary concept of evidence based medicine to provide individually customised solutions to chronic back and neck pain patients. Apollo Hospitals also expanded its bed capacity during the 12 months by adding 450 beds across the group.

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