Shifa International Hospital (KSE: SHFA) over the years has posted upbeat performance, and it has kept the same momentum in FY16 as well. The only healthcare provider in Pakistan that has a presence at the stock market has outperformed the benchmark index by a wide margin in the last year.
The hospital closed the first half of financial year with robust growth in its top line of 23 percent year-on- year. The revenue increased primarily on the back of higher patient visits, an increase in the number of surgeries as well as better performance by pharmacies and lab pick-up points. The higher sales tally has helped the bottom line post a tremendous increase as well.
The operating cost for the half year has risen primarily owing to increase in the cost of utilities.
On the other hand, the hospital also saw higher costs related to supplies, medicines, repair, salaries, and wages. Over the years, Shifa International Hospital has changed the standard business model for hospitals. In recent years, it has established a medical consultancy company to provide medical human resources and healthcare facilities to other hospitals within the country and abroad. In the last year, it has also broken ground for a new hospital in Faisalabad.
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