DYII on a rampage on earnings...
Dynacq Healthcare, Inc. Announces Strong Financial Results for the Fiscal Quarter Ended May 31, 2007
Last Update: 12:04 PM ET Jul 16, 2007
HOUSTON, Jul 16, 2007 (BUSINESS WIRE) -- Dynacq Healthcare, Inc. (DYII) today reported financial results for the third fiscal quarter ended May 31, 2007. For the fiscal quarter ended May 31, 2007, the Company had income from continuing operations of $0.16 per share compared to a loss from continuing operations of $0.03 per share in 2006's third quarter. All per share amounts in this release are the same for basic and diluted.
Net patient service revenues for the quarter increased by $4.8 million, or 61%, from $7.8 million in 2006 to $12.6 million in 2007. The Company's Garland Facility had an increase in both bariatric and orthopedic cases due to recruitment of additional physicians. Income from continuing operations was $2.6 million for the third quarter in 2007 compared to a loss from continuing operations of $0.4 million in 2006's third quarter. Net income was $2.6 million in 2007's third quarter, or $0.17 per share, versus net loss of $0.8 million, or $0.05 per share, in 2006's third quarter.
Net patient service revenues for the nine months ended May 31, 2007 increased by $6.0 million, or 23%, from $25.8 million in 2006 to $31.8 million in 2007. Income from continuing operations for the nine months ended May 31, 2007 was $1.7 million, or $0.11 per share, versus loss from continuing operations of $1.6 million, or $0.11 per share, in the same period in 2006. Net income was $0.6 million, or $0.04 per share, for the nine months ended May 31, 2007 versus net loss of $4.7 million, or $0.31 per share, for the same period in 2006.
Dynacq Healthcare, Inc. (" www.dynacq.com") is a holding company. Its subsidiaries provide surgical healthcare services and related ancillary services through hospital facilities.
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