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 16, 2012 at 10:41 pm
Share
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 businesses which provide healthcare products and services in certain markets in the southeastern United States. The Company operates through two segments: Healthcare Services and Pharmacy. The Healthcare Services segment subsidiaries owns and operates Trace Regional Medical Center (Trace), a 49-bed community hospital, clinics and a 66-bed nursing home in Mississippi, and an information technology (IT) service company based in Georgia. The Pharmacy segment subsidiary owns and operates a pharmacy business in Louisiana with four operational areas. The operational areas include retail pharmacy products and services provided to residents of southwestern Louisiana; institutional pharmacy services consisting of the provision of specialty and non-specialty pharmaceutical and biological products; non-institutional pharmacy services; and durable medical equipment (DME) consisting primarily of the sale and rental of products.
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
SUNLINK HEALTH SYSTEMS, INC. 