Dynacq International Reports Record Earnings.Business Editors & Health/Medical Writers BIOWIRE2K HOUSTON--(BW HealthWire)--Jan. 14, 2002 Dynacq International Inc. (Nasdaq:DYII) reported record revenue and earnings for the first fiscal quarter ending Nov. 30, 2001, with a 42% increase in net income from $2,372,119 to $3,377,615. Net revenue increased by $4,950,003 or 56%. Basic earnings per share were $0.23 as compared to $0.17 the prior year, a 35% increase. Total revenue and earnings were the largest for any quarter in Dynacq's history.
11/30/01 11/30/00 % Increase
Net Revenue $13,854,531 $8,904,528 56%
Net Income $3,377,615 $2,372,119 42%
Basic earnings Per Share $0.23 $0.17 (a) 35%
Diluted earnings per share $0.23 $0.17 (a) 35%
(a) After 2-for-1 stock split
"We are growing the company and the facts speak for themselves," 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. . "We have also reduced our accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying collection time by more than 20%." Dynacq International Inc. specializes in developing, owning and operating community-based surgical facilities to meet the needs of leading surgeons Below follows a list of surgeons:
An investor conference call is scheduled for Tuesday Tuesday: see week. , January January: see month. 15th, from 10 a.m. to 11 a.m. (Central Standard Time) during which time management will discuss the reported results and answer questions from shareholders and other interested parties. To join the call from 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. , dial 866/418-3598. From international locations, join the call by dialing 847/619-6342. Ask for the Chiu Chan or Dynacq International call. One hour after the conference ends and through Monday Monday: see week. , January 21st, a taped conference replay will be available for listening. In the U.S., dial 888/769-9756 and use pass code 5267687. For international calls, please dial 630/652-3045 and use pass code 5267687. 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. For factors that may cause results to differ materially from expectations and underlying assumptions, see reports by the company filed with the Securities and Exchange Commission. For more information, please see our Web site at http://www.dynacq.com or contact Dick Schey of Schey Advertising/Public Relations at 713/522-8300 or by e-mail at raschey@sbcglobal.net. |
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