To all: PR Three Month Results
DC DiagnostiCare Inc. Provides Comparative Financial Results for the Period April 1 to June 30, 1997
Business Wire - August 13, 1997 09:22
DC-DIAGNOSTICARE DCE. %NEW-YORK %MEDICINE %PHARMACEUTICAL %EARNINGS V%BW P%BW
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EDMONTON, Alberta--(BUSINESS WIRE)--Aug. 13, 1997--DC DiagnostiCare Inc. (VSE:DCE) provides expanded comparative financial results from operations for the period April 1 to June 30, 1997.
Service revenues for the nine-month period ended June 30, 1997, were $13,064,391. Service revenues for the three months ended June 30, 1997 were $5,170,814 as compared to $4,239,661 for the three months ended March 31, 1997.
Clinic operating costs before amortization and interest for the nine-month period ended June 30, 1997 were $10,870,301, or 83.2 percent of service revenues. Clinic operating costs before amortization and interest for the three months ended June 30, 1997 were $4,133,410 (79.9 percent of service revenues) as compared to $3,563,603 (84.1 percent of service revenues) for the three months ended March 31, 1997.
For the nine months ended June 30, 1997, cashflow from clinic operations before interest and amortization was $2,194,090. Head office operating costs were $851,589 leaving $1,342,501 in cashflow before interest and amortization for the nine months ended June 30, 1997.
For the three months ended June 30, 1997 cashflow from clinic operations before interest and amortization was $1,037,404 as compared to $676,058 for the three months ended March 31, 1997. Head office operating costs for the three months ended June 30, 1997 were $304,401 as compared to $283,035 for the three months ended March 31, 1997. Net cashflow before interest and amortization for the three months ended June 30, 1997 was $733,003 as compared to $393,023 for the three months ended March 31, 1997.
Don Little, Chairman and CEO, said "New acquisitions and the realization of operating efficiencies are contributing significantly to the Company's profitability as planned. We look forward to taking advantage of further acquisition opportunities to continue our revenue and profit growth during the next quarter."
A significant number of clinics are currently under negotiation with several near completion. All acquisitions are subject to the completion of definitive documentation and regulatory approval.
Shares Outstanding: 12,570,920
Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
CONTACT: DC DiagnostiCare Inc. Chuck Moser, 403/413-9715 diagnosticare.com 
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