IKang Posts Profit; Reaffirms FY Guidance

(RTTNews) - iKang Healthcare Group Inc (KANG) Monday reported second-quarter net earnings to common stockholders of $15.5 million or $0.23 per American depositary share, or ADS. This compares with a loss of $2.7 million or $0.21 per ADS last year, when results included deemed dividend to preferred shareholders of $10.8 million.

Excluding items, adjusted earnings for the 2014 quarter were $0.24 per ADS.

iKang is the largest provider in China's private preventive healthcare services market in terms of revenue in 2013.

The company's revenues for the quarter were $79.6 million compared with $55 million in the prior year.

For the fiscal year ending March 2015, the company continues to expect revenues to be between $283 million and $290 million, representing a year-on-year increase between 40% and 43.4%. Analysts expect revenues of $288.5 million.