May 13, 2011 / 10:42 AM / 7 years ago

UPDATE 1-Medical Facilities Q1 loss widens

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May 13 (Reuters) - Canada’s Medical Facilities Corp DR_u.TO, which owns controlling interests in four specialty surgical hospitals, posted a wider quarterly loss, partly hurt by the appreciation of the Canadian dollar.

The company, which converted to a common share structure from a income participating security (IPS) structure from this quarter, said total comprehensive loss for January-March was $9 million, or 53 cents a share.

It had posted a loss of $5.1 million, or 38 cents per IPS unit, a year ago.

Consolidated facility service revenue rose marginally to $51.7 million from $51.4 million, a year ago.

Shares of the company closed at C$12.80 on Thursday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Jarshad Kakkrakandy)

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