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Concord Medical Services Holding (CCM.NYSE) Q1 net profit down 18.6 pct o-y to R
[May 22, 2013]

Concord Medical Services Holding (CCM.NYSE) Q1 net profit down 18.6 pct o-y to R


BEIJING, May 22, 2013 (Xinhua via COMTEX) -- Concord Medical Services Holding limited (CCM.NYSE), a leading specialty hospital management solution provider and operator of the largest network of radiotherapy and diagnostic im aging centers in China and the parent of Chang'an Hospital, reported o n Wednesday its net profits attributable to ordinary shareholders of 1 9.7 million yuan (3.2 million US dollars) for the first quarter of 201 3, a decline of 18.6 percent from 24.2 million yuan in the same period of last year.

The company's total net revenue, which consists of net revenues gen erated from the network business and hospital business, spiked 91.1 pe rcent year on year to stood at 203.9 million yuan (32.8 million US dol lars) in the first three months of this year.

Yang Jianyu, Concord Medical's chairman and CEO, said in the statem ent that during the quarter, the company benefited from the continuous ly increasing demand from the general population for high-quality and affordable healthcare services and saw a positive momentum in patient number growth in both network and hospital businesses.


The company expected its total revenues in 2013 to be in the range of 930 million yuan to 975 million yuan.

(Edited by Yang Yifan [email protected])

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