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Apollo Hospitals sees 20-25% revenue rise in FY09

Apollo Hospitals sees 20-25% revenue rise in FY09
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First Published: Tue, Nov 04 2008. 02 24 PM IST
Updated: Tue, Nov 04 2008. 02 24 PM IST
Mumbai: “Apollo Hospitals Enterprise Ltd sees 20-25% revenue growth from its hospital business in FY09,” a top official said.
“The expansion of 10 hospitals in tier-2 cities is on track and falling real estate prices will help reduce project costs and maintain margins,” Suneeta Reddy, executive director, finance, told television channel NDTV Profit.
“Expansion will benefit as real estate prices are going down and 40% of our project costs are in real estate, so that is really going to help in the long term,” she said, adding that the company has sufficient funding for growth plans and has no plans to raise debt.
Shares of the company traded down 0.09% at Rs405.5 each in the Mumbai market.
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First Published: Tue, Nov 04 2008. 02 24 PM IST