4th August 2011, the Ceylon Hospitals PLC (Durdans Hospital) PLC published the Interim Financial statement of 30th June 2011.
The performance of the company was in last quarter was sufficient and the net profit before tax indicate as Rs. 58.791 Million is an increment of Rs.5.208 Million for the last year same quarter. In order the Basic Earnings per share of the Ceylon Hospitals PLC (Durdans Hospital) PLC has dropped as 1.14 from 1.43 from last year 2nd quarter.
The position was in negative position in terms of bank overdraft and negative cash flows in addition to that the Company has made an Dividend payment of Rs. 50.809 Million when the quarter income was in Rs.44.701 Million.
Therefore I see the performance and the position of the company was in negative in this quarter as per the 2010 second quarter.
Therefore the company may face cash flow problems in near future.
Interim Financial statement: http://www.cse.lk/cmt/upload_report_file/514_1312455503613.pdf