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Religare Health Trust Q3 profit up on higher revenue, fair value gain

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RELIGARE Health Trust on Friday said net profit for its fiscal third quarter rose 54 per cent on higher revenue and a fair value gain on financial derivatives.

RELIGARE Health Trust on Friday said net profit for its fiscal third quarter rose 54 per cent on higher revenue and a fair value gain on financial derivatives.

Net profit for the three months ended Dec 31, 2014, stood at S$11.6 million, compared to S$7.5 million a year ago.

Revenue was up 27 per cent to S$34.1 million, amid gains in service fee and hospital income. The business trust also recorded S$1.45 million in fair value gain on financial derivatives. A year ago, it recorded a fair value loss of S$3.26 million.

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