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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka's Nawaloka Hospitals Plc in regional chain

Sri Lanka's Nawaloka Hospitals Plc in regional chain

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Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka's Nawaloka Hospitals Plc in regional chain
29 Jun, 2013 09:01:25
June 29, 2013 (LBO) - Sri Lanka's Nawaloka Hospitals Plc will build a 575 million rupee hospital in Negombo, a coastal city north of the capital Colombo as part of a regional expansion, the firm said.

"Each regional hospital will provide all diagnostic facilities with 50 to 70 patient rooms for indoor patient admissions," the firm said in a stock exchange filing.
The hospital will be built through Nawaloka Medicare (Pvt) Ltd, a wholly owned unit, the company said in a stock exchange filing

Jamez


Stock Trader
this may give new avenues to increase there profitability... thus increasing their share price??

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
So they spend 500m in one facility ..... After that what's next? Where will the funds for other projects come from?

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