American Physicians Service Group, Inc. announces tripling of net income for second quarter of 1995.AUSTIN, Texas--(BUSINESS WIRE)--July 27, 1995--American Physicians Service Group, Inc. ("APS") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMPH AMPH Amphiphysin AMPH Amphibious ) today announced that for the three months ended June 30, 1995, revenues were $5,333,000 vs. $4,000,000 for the same period in 1994. Net income of $456,000, or $0.12 per share, for the second quarter of 1995 compared to net income of $144,000, or $0.04 per share, for the same quarter of 1994. For the first six months ended June 30, 1995, APS reported revenues of $10,016,000 vs. $7,864,000 for the same period in 1994. Net income of $658,000 or $0.17 per share (fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ), for the six months ended June 30, 1995 compared to a net income of $281,000 or $0.08 per share, for the same period in 1994. Kenneth Shifrin, chairman of the Board, stated, "We are quite pleased with the results to-date, in that net income is up over 200 percent for the quarter and 100 percent for the six month period. Several of our operations contributed to the improved results. APS Financial Corporation, our broker/dealer operation, benefitted from the drop in interest rates and the resultant This article is about the resultant of polynomials. For the result of adding two or more vectors, see Parallelogram rule. For the technique in organ building, see Resultant (organ). In mathematics, the resultant of two monic polynomials improvement in the bond market. At APS Insurance Services, our insurance management group, revenues improved due to growth of the managed medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. insurance company. The changing healthcare environment has provided opportunities to provide malpractice insurance Noun 1. malpractice insurance - insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice; "obstetricians have to pay high rates for malpractice insurance" for new medical groups." Shifrin continued, "Prime Medical Services, Inc. (NASDAQ:PMSI PMSI Purchase-Money Security Interest (generally a lien resulting from a purchase such as a car loan) PMSI Physician Micro Systems, Inc. PMSI Programme de Médicalisation des Systèmes d'Information Hospitaliers PMSI Popular Mortgage Servicing, Inc. ) our 22 percent owned affiliate continues to produce double-digit quarter-to- quarter growth in earnings. Further, Prime is not standing still -- even while integrating the acquisitions made in late 1994, it has negotiated an increase in its credit line from $15 million to $25 million in anticipation of completing additional acquisitions in 1995." APS is a management and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with subsidiaries and affiliates which provide: medical malpractice insurance services for doctors and hospitals; brokerage and investment services to institutions and individuals; computer systems for medical clinics and university medical schools, physician hospital organizations (PHOs) and other physician networks; lithotripsy Lithotripsy Definition Lithotripsy is the use of high-energy shock waves to fragment and disintegrate kidney stones. The shock wave, created by using a high-voltage spark or an electromagnetic impulse, is focused on the stone. services is 16 states; and publications promoting trade between the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Mexico. The company is headquartered in Austin, Texas and maintains offices in San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , Dallas, Houston, and Little Rock. -0-
AMERICAN PHYSICIANS SERVICE GROUP, INC.
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SELECTED FINANCIAL DATA
-----------------------
(In thousands, except per share data)
Three Months Ended Six Month Ended
June 30, June 30,
------------------ ---------------
1995 1994 1995 1994
---- ---- ---- ----
Revenues $5,333 4,000 10,016 7,864
Earnings Before Income
Taxes 697 217 1,004 418
------ ------ ------ -----
Net Earnings $ 456 144 658 281
Net Earnings Per
Common Share
Primary $ .12 .04 .18 .08
Fully diluted $ .12 .04 .17 .08
Weighted Average Shares
Used in Computation
Primary 3,808 3,481 3,727 3,512
Fully diluted 3,808 3,481 3,764 3,512
CONTACT: American Physicians Service Group, Inc. Kenneth Shifrin or W.H. Hayes, 512/328-0888 |
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