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Brazil hospital chain Rede D'Or Q3 net income rises 4.8%

Published 11/09/2022, 06:21 PM
Updated 11/09/2022, 06:42 PM
© Reuters. Rios D'or Hospital, which is part of Rede D'Or Sao Luiz SA hospitals chain, is pictured in Rio de Janeiro, Brazil February 11, 2021. Picture taken February 11, 2021. REUTERS/Ricardo Moraes/File Photo

(Reuters) -Brazil's largest private hospital chain Rede D'Or Sao Luiz SA on Wednesday posted a 4.8% increase in its third-quarter net income.

Rede D'Or, which operates some 70 hospitals alongside blood banks and cancer treatment clinics, recorded a net profit of 396.3 million reais ($76.41 million).

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 20% to 1.508 billion reais.

The company's net revenues rose 14.2% to 6.06 billion reais, beating a Refinitiv consensus of 5.98 billion reais, as operations expanded, with an increase in the number of beds and greater volume of patients and surgical procedures.

($1 = 5.1864 reais)

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