India’s Apollo Hospitals misses Q4 profit estimates on higher expenses
By Kashish Tandon BENGALURU (Reuters) – Indian hospital chain operator Apollo Hospitals slightly missed fourth-quarter profit estimates on Thursday, as higher expenses offset revenue growth in its healthcare services business. Consolidated net profit rose nearly 76% to 2.54 billion Indian rupees ($30.5 million), missing analysts’ average estimates of 2.65 billion rupees, according to LSEG data. …
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