CTH announces fiscal 1996 results.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Aug. 22, 1996--Cancer Treatment Holdings Inc. (ASE/ECM:CTH CTH Commonwealth CTH Chalmers Tekniska Högskola (Chalmers University of Technology, Göteborg, Sweden) CTH Contract to Hire CTH Cardiothoracic CTH Cystathionase CTH Confederación de Trabajadores de Honduras .EC) Thursday announced financial results for the fiscal year ended May 31, 1996. Revenues increased to $11,865,000 in fiscal 1996 from $11,017,000 in fiscal 1995. Income from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before taxes for 1996 was $662,000 -- an increase of 30% from $511,000 in 1995. Net income in 1996, was $352,000, or $.11 per share, for 1996 as compared to a net income of $514,000, or $.15 per share, for fiscal 1995. Fiscal 1995's net income includes a non-recurring pre-tax gain from the sale of assets of $349,207 or $.07 a share after tax. The company also announced that it had opened its first bone marrow transplant bone marrow transplant: see bone marrow. center in Hollywood, Fla., and that it had commenced operations at its recently certified home health agency serving Medicare patients in the counties of Palm Beach, Martin, Okeechobee, Indian River Indian River, lagoon, c.100 mi (160 km) long, E Fla., parallel to the east coast from N of Titusville to Stuart. Along the lagoon a variety of citrus and vegetable products are grown and transported by small boats to towns on its waterway and those further inland. and St. Lucie St. Lucie may refer to:
CTH is engaged in the ambulatory treatment of cancer using a variety of modalities Modalities The factors and circumstances that cause a patient's symptoms to improve or worsen, including weather, time of day, effects of food, and similar factors. including radiation therapy, home infusion, bone marrow transplants and home health care. The following table summarizes selected financial data of the company: -0-
Cancer Treatment Holdings Inc.
Year ended May 31,
1996 1995
OPERATING DATA
Revenues $11,865,079 $11,016,839
Income from continuing operations $ 661,632 $ 510,847
Net income $ 351,632 $ 514,054
Net income per share
Continuing operations .11 .08
Non-Recurring Gain on Sale of Assets -- .07
TOTAL .11 .15
BALANCE SHEET DATA May 31, 1996 Current assets $ 4,737,884 Current liabilities $ 1,421,362 Working capital $ 3,316,522 Current ratio 3.33 Total assets $ 9,396,913 Long-term debt $ 1,223,276 (1) Average common shares outstanding 3,336,476
(1) Includes approximately $778,000 associated with a revolving
credit facility collateralized by accounts receivable.
CONTACT: Cancer Treatment Holdings Inc., Fort Lauderdale Ullrich Klamm, Ph.D., Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 954/321-9555 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion