(Reuters) - Diversified healthcare company Centric Health Corp’s CHH.TO quarterly profit more than tripled as acquisitions paid off.
Net income rose to C$42.4 million, or 34 Canadian cents per share, for the second quarter, from C$11.7 million, or 11 Canadian cents per share, a year earlier.
Revenue for the company, which has completed 9 acquisitions in the last two years, more than tripled to C$114.1 million.
Centric Health’s shares, which have fallen 54 percent this year, closed at 75 Canadian cents on Tuesday on the Toronto Stock Exchange.
Reporting by Ankur Banerjee in Bangalore; Editing by Supriya Kurane