Daily Mirror E-Paper

Nawaloka Hospitals 2Q in red as company continues to lose revenue

Nawaloka Hospitals PLC continued to report losses through the second fiscal quarter ended in September 2022 as the revenues fell sharply raising questions if the once leading private sector healthcare service provider in the country is losing appeal among the public at a time when the private healthcare is among the sectors at the forefront in terms of growth and future prospects.

The company reported revenues of Rs.2.34 billion in the July – September quarter, down 44.1 percent from the same period a year ago extending its poor revenue streak for the third quarter in a row.

While it is immediately not clear what is behind the weakening sales record as the company doesn’t provide earnings commentary as part of its interim report, it appears that the company is losing market share in the growing healthcare sector.

MIRROR BUSINESS

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2022-11-28T08:00:00.0000000Z

2022-11-28T08:00:00.0000000Z

https://dailymirrorepaper.pressreader.com/article/281878712386685

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