DIAGNOSTIC HEALTH SERVICES NET INCOME UP 112% FOR SECOND QUARTER.DALLAS--(BUSINESS WIRE)--August 15, 1995--Diagnostic Health Services health services Managed care The benefits covered under a health contract , Inc. ("DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) ") (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 :DHSM (common stock), DHSMW (warrants)) today announced record results for its second quarter ended June 30, 1995. (See Attached Table). Revenues for the second quarter rose 59% to $3,618,788 versus $2,283,432 in last year's second quarter. Net income for the quarter was $287,864 or $.06 per share compared to $135,144 or $.03 per share in the second quarter of 1994. This represents a 100% increase in earnings per share and 112% increase in net income. Max W. Batzer, Chairman and Chief Executive Officer, commented, "We are pleased to have achieved another record profit and revenue quarter. It is significant that earnings continue to accelerate faster than revenues. Our management team has been able to improve net margins to 8% in the current second quarter vs. 6% in 1994. Cumulative results for the first half of 1995 provide further confirmation of our progress. Important efficiency and productivity indicators continue to improve. As a percentage of gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. on a six-month 1994 vs. 1995 basis, salaries and benefits declined from 62% to 56% and general/administrative expense declined from 8% to 6%." Mr. Batzer further commented, "Our ability to double our profits in the quarter through both revenue expansion and administrative overhead cost control is encouraging. We are looking forward to application of the management philosopy and systems that create these results to the ultrasound and nuclear medicine business that we acquired from MICA mica (mī`kə), general term for a large group of minerals, hydrous silicates of aluminum and potassium, often containing magnesium, ferrous iron, ferric iron, sodium, and lithium and more rarely containing barium, chromium, and fluorine. on July 31, 1995. The joining of our DHS systems with the expanded financial capabilities available with our new Texas Commerce Bank (Unit of Chemical Bank) term loan and revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facilities, should create a powerful combination. We are extremely cautious when investing corporate assets on behalf of DHS shareholders and employees, but believe ample opportunity exists to make investments which will continue to generate earnings additive results." DHS is engaged in the management of radiology and cardiology cardiology Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. departments, shared ultrasound and nuclear imaging services, temporary staffing of physical/occupational therapists, and other allied healthcare professionals. In addition, the Company performs consultant services to healthcare providers relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the development of radiology and cardiology facilities. The Company is headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , and additionally operates in Oklahoma, Louisiana, Mississippi, Missouri, Arkansas, Illinois, Indiana, Ohio, Michigan, Iowa and Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi .
DIAGNOSTIC HEALTH SERVICES, INC. AND SUBSIDIARIES
Consolidated Condensed Statements of Operations
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1995 1994 1995 1994
Total Revenues $3,618,778 $2,283,432 $6,983,409 $4,388,228 Net Income $ 287,864 $ 135,444 $ 516,816 $ 181,219 Earnings Per Share: Primary $0.06 $0.03 $0.11 $0.04 Fully Diluted N/A $0.03 N/A $0.04 Weighted Average Common Shares: Primary 4,839,822 4,377,992 4,833,695 4,357,072 Fully Diluted N/A 4,515,403 N/A 4,494,482 CONTACT: Diagnostic Health Services Max W. Batzer, 214/634-0403 or The Equity Group Inc. Linda Latman, 212/836-9609 Bob Goldstein, 212/371-8660 |
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