Fortis Healthcare Q2 net loss widens to Rs 1.6 bn; IHH deal gets CCI okay

The company noted in a statement that the net profit for Q2FY19 was primarily impacted by impairment of goodwill and investments

Fortis Healthcare’s (FHL’s) net loss widened to Rs 1.67 billion for the September quarter, though the hospitals and diagnostics entity showed an improvement in margins from the June quarter.

In the September quarter (the second one or Q2 of the financial year) of 2017-18, the net loss was Rs 459 million.

The company stated the figure for July-September this year was primarily affected by an impairment of goodwill and investments. Revenue was Rs 11.4 billion, marginally down from Rs 11.9 billion in Q2FY18. However, on a sequential basis, these were up from Rs 10.4 billion in Q1 this year. 

According to Bloomberg, expected