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Healthcare company Apollo Hospitals Enterprise today reported a 49.28 per cent rise in net profit to Rs 83.24 crore for the quarter ended September 30, 2012, on the back of robust sales.
It had posted a net profit of Rs 55.76 crore for the July-September quarter of 2011, Apollo Hospitals said in a filing to BSE.
The total income of the group rose to Rs 836.32 crore for the quarter from Rs 699.75 crore in the year-ago period.
During the quarter the company transferred seven of its clinics through a slump sale arrangement to its 100 per cent subsidiary Apollo Health and Lifestyle Ltd.
The company had also divested one-third of its equity investment in British American Hospitals Enterprise Ltd.
Apollo Hospitals scrip closed at Rs 804.80 on the BSE, down 6.21 per cent from its previous close.
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