Healthway Medical Corporation posts third-quarter profit of $10.1 million

Healthway Medical Corporation has posted a 846 per cent spike in net profit to $10.1 million for the third quarter.

Revenue for the three months to Sept 30 was up 3.3 per cent to $20.4 million from the same period a year earlier.

There was a gain on disposal of available-for-sale financial assets reclassified from equity of $22.4 million, which was offset by the decrease in rental and other miscellaneous income totalling $1.2 million, the company said.

Quarterly earnings per unit rose to 0.44 cent, up from 0.05 cent in the same period last year.

Net asset value per unit was 8.97 cents as at Sept 30, down from 9.63 cents as at Dec 31.