Sunlink Health Systems, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 14, 2021 at 06:48 pm IST
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SunLink Health Systems, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 9.778 million compared to USD 12.667 million a year ago. Operating loss was USD 540,000 compared to USD 38,000 a year ago. Net loss was USD 531,000 compared to USD 158,000 a year ago. Basic loss per share was USD 0.08 compared to USD 0.02 a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.01 a year ago. For the nine months, sales was USD 30.350 million compared to USD 37.124 million a year ago. Operating loss was USD 1.117 million compared to operating Income of USD 23,000 a year ago. Net income was USD 2.203 million compared to net loss of USD 461,000 a year ago. Basic earnings per share was USD 0.32 compared to basic loss per share of USD 0.07 a year ago. Basic earnings per share from continuing operations was USD 0.35. Diluted earnings per share from continuing operations was USD 0.34.
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.