Appollo Hospitals Group, one of the Asia's largest integrated healthcare services provider, declared the un-audited financial results of its parent company Apollo Hospitals Enterprises Limited (AHEL) for the third quarter ended December 31, 2002. The hospital reported a turnover of Rs.111 crore for Q3, up from Rs. 90 crore for the corresponding period last year, a growth of over 23%. The company's Profit Before Tax (PBT) stood at Rs. 9 crore and the Profit After Tax (PAT) grew by 11.5% to Rs. 6 crore.
The quarter saw AHEL taking several initiatives to strengthen its leadership position in the Indian healthcare industry like commissioning of Apollo Hospital's Group's multi-specialty hospital at Dubai. The Rs. 140 crore Belhoul-Apollo Hospital, owned by UAE based Belhoul Group, will be managed by Apollo Hospitals and will be the Group's first international management venture. The Group also took initiatives to widen its network of healthcare centres in the country. To this effect, it signed an agreement with Ramco Group to establish a multi - specialty hospital at Rajapalayam, Tamil Nadu.
During the third quarter of financial year 2002-2003, Apollo Hospitals added certain latest generation equipments and upgraded other to provide best available technology to the patients. A state-of-the-art Multileaf Collimator was installed at Apollo Hospitals.
The board of directors after reviewing the company's performance was confident that the overall growth for the financial year would be robust and would be further propelled by the performance in the last quarter.