Dynacq Reports 16th Consecutive Revenue Increase.Business Editors/Health & Medical Writers HOUSTON--(BW HealthWire)--July 16, 2001 Dynacq International Inc. (Nasdaq:DYII) announced today another record-setting net income for the third quarter of its fiscal year, ending May 31, 2001. Third quarter net income increased by 54% to $2,782,617 from $1,809,945 for the third quarter of the previous year. Net income per common share was $0.20 as compared to $0.13 for the third quarter of last year.
Three Months Three Months % Increase
Ending 05/31/01 Ending 05/31/00
Net Revenue $12,778,986 $7,511,366 70%
Net Income $2,782,617 $1,809,945 54%
Basic Earnings
Per Share $0.20 $0.13 54%
Nine Months Nine Months % Increase
Ending 05/31/01 Ending 05/31/00
Net Revenue $31,470,925 $18,571,405 69%
Net Income $7,570,955 $4,079,971 86%
Basic Earnings
Per Share $0.53 $0.30 70%
Chiu M. Chan, president 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. of Dynacq, stated, "Sixteen consecutive quarters of continued earnings growth clearly demonstrates that our management team continues their excellent performance. We enjoy the success that comes from their implementation of our model for the delivery of affordable healthcare. As I predicted in April of this year, we have provided our shareholders with a new record in earnings and we are very excited about it. We fully intend to repeat this pattern." Dynacq International Inc. is ranked number three among the Fortune Small Business Magazine's 100 America's Fastest-Growing Small Public Companies Traded on Major Stock Exchanges. In 1995, 1999 and 2000 Dynacq International Inc. was recognized by 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; Chronicle chronicle, official record of events, set down in order of occurrence, important to the people of a nation, state, or city. Almanacs, The Congressional Record in the United States, and the Annual Register in England are chronicles. as one of the fastest-growing public companies of Houston and by wallstreet.com as among the top 15% fastest-growing public companies in America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. . Dynacq International Inc. specializes in creating quality and efficient community-based, one-stop one-stop adj. Relating to or providing a comprehensive selection of goods or services at a single location: one-stop shopping; a one-stop health-care center. healthcare resource centers designed to meet the needs of physicians and their patients. 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 expectation are based on reasonable assumptions within the bounds of knowledge of its business and operations, there can be no assurance that actual operating results will not differ materially from these expectations. Please refer to the reports filed by the company with the Securities and Exchange Commission. Contact Dynacq International Inc. for a review of factors that may cause operating results to differ. |
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