As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.
Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1. REITS : Religare Health Trust (RF1U) - Its revenue jumped 26.9 percent to $34.1 million for the third quarter ended 31 December 2014, bolstered by higher hospital income in the two operating hospitals. Despite the higher total expenses, net profit surged 53.5 percent to $11.6 million due to $1.5 million fair value gain on financial derivatives. For the nine months, revenue grew 23.8 percent to $100.7 million, however, net profit sank 10.8 percent to $27 million as the growth in total expenses outpaced revenue growth.
Cheers!
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