Nawaloka Hospitals says disclaimer points resolved in latest annual report

Nawaloka Hospitals Chairman Dr. Jayantha Dharmadasa

Nawaloka Hospitals PLC yesterday told its investors and stakeholders that it has resolved the disclaimer points raised in the previous annual report and has ensured its current year accounts are in excellent order.
The announcement was made in a statement to the media, aiming at informing its stakeholders the release of its latest annual report.
Addressing the disclaimer points, Nawaloka Hospitals PLC said it has taken measures to aggressively provision for long outstanding balances, showcasing a proactive approach to risk management and financial stability. 
Despite incurring an additional finance cost of Rs.1.4 billion, due to increased interest rates, the entity said it has closely managed and accounted for these costs, which further strengthens its 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,” the entity said in the statement.