Dynacq More Than Doubles Its Earnings Again.Business Editors & Health/Medical Writers HOUSTON--(BW HealthWire)--Nov. 30, 2000 Dynacq International Inc. (Nasdaq:DYII) reports still another record year ending Aug. 31, 2000, with a 120% increase in net income from $2,663,832 to $5,858,406. Net revenue increased by $9,819,785 or 61%. Record setting earnings per share were $0.87 as compared to $0.41 the prior year, a 112% increase.
Fiscal 2000 Fiscal 1999 % Increase
Net Revenue $26,032,441 $16,212,656 61%
Net Income $5,858,406 $2,663,832 120%
Basic Earnings Per Share $0.87 $0.41 112%
In compliance with the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. (AICPA AICPA See American Institute of Certified Public Accountants (AICPA). ) health care industry guide, net revenues, net of contractual adjustments by insurance payors are reported for fiscal 2000 instead of gross revenues that have been reported in the prior periods. The fiscal 1999 gross revenues that were previously reported are restated to subtract A relational DBMS operation that generates a third file from all the records in one file that are not in a second file. contractual adjustments as net revenues for comparison purposes. Mr. Chiu M. Chan, president & 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. of Dynacq stated, "It gives me great pleasure to report the results of our financial condition. Twelve consecutive record quarters attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as to our commitment. Much of our success is in not only providing care with compassion and understanding, but also allowing our service areas access to high quality, cost-effective and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. care. Or management team is dedicated to these principals and to having positive relations with our medical staff." Management is actively pursuing plans to replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. this successful concept in both Texas as well as the national markets. During the past fiscal year, Dynacq International Inc., has been recognized by the Houston Chronicle Newspaper as one the top ten fastest growing public companies in Houston This is an incomplete list of major companies headquartered in Houston, Texas and the Houston–Sugar Land–Baytown metropolitan area. Houston is known for its oil and gas industry and it should also be noted that only New York City has more Fortune 500 companies. and by the Wallstreet.com as one of the top 15% fastest growing public companies in America. Dynacq International Inc. specializes in creating quality and efficient community based, one-stop health care resource centers designed to meet the needs of physicians and their patients. Certain statements in this release are forward-looking. Although the company believes its expectations are based on reason able assumptions within the bounds of 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 actual results to differ materially from expectations and underlying assumptions, see reports by the company filed with the Securities and Exchange Commission. |
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