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Spire Healthcare H1 profit slumps on impairment charge, start-up costs
September 14, 2017 / 6:24 AM / 8 days ago

Spire Healthcare H1 profit slumps on impairment charge, start-up costs

Sept 14 (Reuters) - Spire Healthcare said first-half profit slumped 75 percent, hurt by a charge relating to a legal settlement and start-up costs at its new hospital in Nottingham.

Britain’s second-largest healthcare firm said profit after tax fell to 8.9 million pounds ($11.75 million), for the six months ended June 30, from 35.7 million pounds a year ago.

However, revenue rose 2.4 percent to 481 million pounds during the period. ($1 = 0.7576 pounds) (Reporting by Justin George Varghese in Bengaluru; Editing by Sunil Nair)

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