The company was incorporated in Pakistan on September 29, 1987 as a private limited company and converted into a public limited company on October 12, 1989. The object of the company is to establish and run medical centres and hospitals in Pakistan.
The company has established its first hospital in Islamabad. The registered office of the company is located at Sector H-8/4 Islamabad. The company is quoted on the Karachi, Lahore and Islamabad stock exchanges.
At present its share is trading at Rs 14 per share carrying 40% premium over the par value of Rs 10. During the last one year the market value of its share appreciated from below par value at Rs 9 per share to Rs 18.50 per share.
During 9M 2003-04, the company posted revenue at Rs 486.46 million against Rs 376.52 million booked during the same period last year (SPLY) showing a marked increased of 29.2%.
The hospital posted a profit of Rs 73.03 million registering 74.95% increase over the figure of Rs 44.03 million earned in SPLY.
The directors of the company emphasised that better utilisation of in patient and out patient services effective control over the expenses together with the reduction in financial cost helped in making the hospital further profitable.
It is also reported that they have been able to make functional newly developed 45 ICU beds in Block G-2. It will further help them to not only meet the community needs in ICU area but also further enhance the revenues of the company. A newly developed and very well furnished area has been added for Rehabilitation Therapy Department.
This department is one of its own kind in Islamabad area which will fully cater to all stroke patient needs. It is envisaged that in the coming months they will be adding two more floors of Block G to the hospital. Construction activities are progressing in full swing.
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Performance Statistics (Million Rupees)
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Balance Sheet -As At-
March 31 June 30
2004 2003
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Liabilities
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Share Capital-Paid-up: 325.24 295.68
Share Capital-Paid-up: 505.14 505.14
Capital Reserve
Share Premium: 40.00 40.00
Accumulated (Loss): (59.93) (132.97)
Shareholders Equity: 485.21 412.17
Surplus on Rev. F/Assets: 171.22 172.75
L.T Debts: 203.82 126.62
Deferred Liability-Gratuity: 26.74 22.24
Other L.T. Liability-
Payable to Related Party: 9.74 9.74
Current Liabilities: 198.66 143.15
Fixed Assets-Tangible: 886.01 737.16
L.T Deposits: 1.73 1.34
Current Assets: 207.65 148.17
Total Assets: 1,095.39 886.67
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Profit & Loss A/c For the Nine
Months Ended March 31 2004 2003
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Revenue: 486.46 376.52
Other Income: 1.04 1.28
Operating Profit: 83.35 60.10
Financial (Charges): (9.41) (14.18)
Profit Before Taxation: 73.94 45.92
Net Profit After Taxation & Transfer For
Incremental Depreciation: 73.03 44.03
Earnings Per Share (Rs): 1.42 0.87
Share Price (Rs)
on 16-7-2004: 14.00 -
Price/Earning Ratio: 9.86 -
Book Value of Share (Rs): 9.60 8.16
Debt/Equity Ratio: 24:76 18:82
Current Ratio: 1.05 1.03
Operating Margin (%): 17.13 15.96
Net Profit Margin (%): 15.01 11.69
R.O.A.: 3.56 4.96
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