Dynacq International Continues Record Earnings Growth.Business Editors & Health/Medical Writers BIOWIRE2K HOUSTON--(BUSINESS WIRE)--Nov. 27, 2002 DYNACQ International Inc. (Nasdaq:DYII) reported another successful year of growth in earnings for fiscal year '02 ending Aug. 31, with a 39.58% increase in net income from $11,060,808 to $15,439,179. Net revenue increased by $21,079,616 or 48.12%. Basic earnings per share were $1.05 as compared to $0.76 the prior year, an increase of 38.16%.
Fiscal 8/31/02 Fiscal 8/31/01 % Increase
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Net Revenue $64,883,235 $43,803,619 48.12
Net Income $15,439,179 $11,060,808 39.58
Basic Earnings
Per Share $1.05 $0.76 38.16
Diluted Earnings
Per Share $1.03 $0.75 37.33
Cash flow provided by
Operating Activities $12,182,072 $2,743,364 344.06
"Once again, it gives me great pleasure to report the financial achievements of Dynacq's most recent fiscal year," said Chiu M. Chan, 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. . "This outstanding performance reflects the hard work of our clinical support teams, managers and employees to provide high quality healthcare services and facilities for patients and surgeons Below follows a list of surgeons:
Chan added, "I want to take this opportunity to thank the many shareholders who have supported Dynacq during this difficult year. We are committed to continuing Dynacq's performance for shareholders in the current fiscal year by combining strong operating results from the Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; marketplace with the start-up Start-up The earliest stage of a new business venture. of hospital operations in Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. in January January: see month. ."
Dynacq International Inc. specializes in developing, owning and operating community-based surgical facilities. Certain statements in this release are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. . Although the Company believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. See reports by the Company filed with the Securities and Exchange Commission for factors that may cause results to differ materially from expectations and underlying assumptions. |
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