Samorita Hospital Limited, the country's only listed healthcare provider, reported an 80% year-on-year increase in net profit for FY26, driven by higher patient admissions and outpatient visits amid measles and dengue outbreaks in the capital.
The company's board recommended a 10% cash dividend for the financial year ended 30 June 2026, double the 5% paid for FY25. According to its price-sensitive information (PSI), the board approved the audited financial statements on 22 October.
The annual general meeting (AGM) is scheduled for 27 December, with the venue to be announced later. The record date is 17 November.
Net profit after tax rose to Tk2.43 crore in FY26 from Tk1.35 crore a year earlier, while earnings per share (EPS) increased to Tk1.12 from Tk0.62.
Net asset value (NAV) per share edged up to Tk48.74 as of 30 June 2026 from Tk48.39 a year earlier, while net operating cash flow per share (NOCFPS) improved to Tk2.49 from Tk1.72.
A senior company official attributed the earnings growth to increased patient visits following a measles outbreak that began in mid-March, followed by a surge in dengue cases.
The momentum continued into the July-September quarter of FY27, when revenue rose 18% year-on-year to Tk15 crore. Income from medical services increased 22% to Tk7.26 crore, diagnostic earnings grew 11% to Tk1.43 crore, and pharmacy sales rose 19% to Tk3.09 crore.
First-quarter net profit increased 21% to Tk1.81 crore, with EPS at Tk0.83. NAV per share stood at Tk49.57 and NOCFPS at Tk1.62.
Despite the improved performance, statutory auditors issued a qualified opinion on the FY26 financial statements, citing non-compliance with the Bangladesh Labour Act, 2006, as amended in 2013.
Although the hospital recognised Tk2.06 crore for the Workers' Profit Participation Fund (WPPF), it failed to form a Board of Trustees as required under Section 235 or contribute the mandatory 10% of the fund to the Workers' Welfare Foundation Fund under Section 234. The auditors also noted the absence of a provision for employee gratuity, potentially leaving an unrecognised liability.
Samorita Hospital shares closed at Tk87 on the Dhaka Stock Exchange, giving it a market capitalisation of Tk189.66 crore. Its price-to-earnings ratio stood at 84.74 based on recent unaudited quarterly figures and 140.32 based on full-year audited results.
Established in 1984 and listed in 1997, the hospital operates a 250-bed facility in Panthapath, Dhaka, with 25 departments, more than 100 medical consultants, and intensive care, high-dependency and dialysis units.
Founded by the late Mockbul Hossain, an Awami League lawmaker for Dhanmondi-Mohammadpur from 1996 to 2001 who died in 2020, the hospital is associated with his son, Ahsanul Islam Titu, a former Awami League MP for Tangail-6 and former state minister for commerce. Titu is currently absconding following the fall of the Awami League government.