SunLink Health Systems Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Provides Capital Expenditure Guidance for the Rest of Fiscal 2012
February 17, 2012 at 04:11 am IST
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SunLink Health Systems Inc. reported consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company announced a loss from continuing operations of $1,586,000 or a loss of $0.17 per fully diluted share compared to a loss from continuing operations of $2,100,000, or a loss of $0.26 per fully diluted share for the quarter ended December 31, 2010. The company reported a net loss of $1,600,000 or a loss of $0.17 per fully diluted share compared to a net loss of $1,765,000 or a loss of $0.22 per fully diluted share for the comparable quarter a year ago. The company reported net revenues of $41,231,000, operating loss of $1,347,000 and loss from continuing operations before income taxes of $2,382,000 against net revenues of $45,053,000, operating profit of $169,000 and loss from continuing operations before income taxes of $3,059,000 for the same period a year ago. EBITDA was a loss of $23,000 compared to EBIDTA of $1,716,000 for the comparable quarter a year ago.
For the six months, the company reported a loss from continuing operations of $1,891,000 or a loss of $0.20 per fully diluted share compared to a loss from continuing operations of $4,364,000 or $0.54 loss per fully diluted share for the six months ended December 31, 2010. The company reported a net loss of $1,918,000 or a loss of $0.21 per fully diluted share compared to a net loss of $4,534,000, or a loss of $0.56 per fully diluted share in the comparable period last year. The company reported net revenues of $84,284,000, operating loss of $536,000 and loss from continuing operations before income taxes of $2,880,000 against net revenues of $85,919,000, operating loss of $1,941,000 and loss from continuing operations before income taxes of $6,016,000 for the same period a year ago. EBITDA was $2,092,000 compared to $1,199,000 for the six months ended December 31, 2010. Capital expenditures were approximately $900,000.
The company expects to spend capital expenditures of approximately $500,000 for the rest of fiscal 2012.
SunLink Health Systems, Inc., through subsidiaries, owns and operates healthcare businesses in the Southeast. The Companyâs operations are composed of a pharmacy business and an information technology (IT) business. The pharmacy business is composed of four operational areas conducted in three locations in southwest Louisiana: retail pharmacy products and services, consisting of retail pharmacy sales; institutional pharmacy services consisting of the provision of specialty and non-specialty pharmaceutical and biological products to institutional clients or to patients in institutional settings, such as extended care and rehabilitation centers, behavioral and specialty hospitals, hospice, and correctional facilities and durable medical equipment products and services, consisting primarily of the sale and rental of products for institutional clients. Its subsidiary SunLink Health Systems Technology provides information technology (IT) services to outside customers.
SunLink Health Systems Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011; Provides Capital Expenditure Guidance for the Rest of Fiscal 2012