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One of Sri Lanka’s leading private hospitals, Nawaloka Hospitals PLC is pleased to announce the release of its Annual Report for the fiscal year 2022-2023. We are proud to inform our investors and stakeholders that we have successfully resolved the disclaimer points raised in the previous report and have ensured that our current year accounts are in excellent order.
Addressing the disclaimer points, Nawaloka Hospitals has diligently taken measures to aggressively provision for long outstanding balances, showcasing our proactive approach to risk management and financial stability. Additionally, despite incurring an additional finance cost of Rs. 1.4 billion due to increased interest rates, we have closely managed and accounted for these costs, further strengthening our financial position.
We are delighted to report that our current year accounts are in order, reflecting our commitment to transparency and accuracy in financial reporting. This achievement underscores our unwavering dedication to delivering value and reassurance to our valued investors and stakeholders.
Nawaloka Hospitals PLC Finance Manager Theja De Silva expressed confidence in the Annual Report 2022-2023, stating, “We have successfully resolved the disclaimer points, demonstrating our commitment to maintaining a strong financial foundation. Our current year accounts show sound performance, further indicative of our commitment to excellence and transparency. We are excited for the future of Nawaloka Hospitals.”
The Annual Report 2022-2023 provides a comprehensive overview of our financial performance, addressing previous concerns while showcasing the resilience and growth trajectory of Nawaloka Hospitals. We are confident that investors and readers will appreciate the positive developments and forward-looking approach detailed in this report.
