Continental Home Healthcare First Quarter Revenues Highest in Company History; Earnings and EBITDA More than Doubles.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--May 30, 2000 Continental Home Healthcare Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ) (CDNX CDNX See Canadian Venture Exchange (CDNX). :CHT) today announced record revenues and strong profits for the first quarter of fiscal 2000. First Quarter Highlights: (three months ended March 31, 2000 compared with three months ended March 31, 1999) - Revenues were $5.4 million compared with $4.5 million. - EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become * were $579,917 compared with $233,514. - Net earnings were $153,534 compared with $59,563. - Earnings per share were $0.013 compared with $0.005. * Earnings before interest, taxes, depreciation, amortization Robert Thornton For the politician, see . For the physicist, see . Robert "Choc" Thornton (born July 14, 1978 [1]) is an English National Hunt jockey currently employed as stable jockey to Alan King. , President and C.E.O. said that the outstanding results for the first quarter included increases in all key financial areas including revenue, up 20% to $5.4 million, EBITDA, up 148% to $579,917 and net income, up 158% to $153,534, compared with the same period last year. The positive movement in the Company's financial performance demonstrates the success of Continental's efforts to build organic growth in its existing branches and the successful performance of the entities acquired during 1999. The income from our highly profitable rental equipment was the area of our business that experienced the greatest percentage growth over the period, expanding by some 96%, he added. Over the past two years, Continental has developed an excellent track record for growing through acquisition as well as through internal expansion. The Company continues to examine additional opportunities to further expand its revenue and earnings through the balance of 2000. The remainder of the year has a very positive outlook. Continental Home Healthcare Ltd. acquires, consolidates, and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters, bathroom safety products, ambulatory aids, and aids for daily living sold to individuals and healthcare institutions. Branches are located in Glendale and Indian Wells, California Indian Wells is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), in between Palm Desert and La Quinta. As of the 2000 census, the city population was 3,816. It has the highest proportion of millionaires of any city in the United States. ; Las Vegas, Nevada; Penticton and Vancouver, British Columbia. The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT". The shares also trade on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . Current Company updates can be found at the web site: www.continentalhomehealth.com If you wish to receive company press releases via email, please advise Natasha Blackburn at natasha@humekieran.on.ca |
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