CLINICAL HOMECARE ANNOUNCES FIRST QUARTER 1992 RESULTS
CLINICAL HOMECARE ANNOUNCES FIRST QUARTER 1992 RESULTS FAIRFIELD, N.J., April 28 /PRNewswire/ -- Clinical Homecare, Ltd.
(NASDAQ: CLHC), today reported increased revenues and earnings for the first quarter 1992.
Revenues for the first quarter were $6,448,000, up 46 percent over the first quarter in 1991 and an increase of 18 percent over the fourth quarter 1991. Net earnings for the first quarter were $570,000 versus a loss of $256,000 in the same period a year ago. Per share earnings of $.07 for the first quarter give the company total per share earnings of $.19 for the last 12 months (April 1991 through March 1992). Sales increased in all branches in the first quarter of 1992. As reported previously, the first quarter of 1991 included special legal and accounting expenses which did not recur in 1992. Clinical Homecare is among the top 25 companies in the home infusion therapy industry, which includes thousands of providers. The company delivers intravenous therapy to patients in their homes or other out- patient settings. CLINICAL HOMECARE, LTD. Consolidated Statements of Income ($000 except per share amounts) First quarter ended March 31 1992 1991 Revenues $6,448 $4,405 Operating income (loss) 938 (408) Interest & other - net (9) (19) Income (loss) before income taxes 929 (427) Net income (loss) $ 570 $ (256) Income (loss) per common and common equivalent share $.07 $(.05) Average common and common equivalent shares outstanding 7,115,000 5,658,000 -0- 4/28/92 /CONTACT: Edgar Udine, president of Clinical Homecare, 201-227-0222/ (CLHC) CO: Clinical Homecare, Ltd. ST: New Jersey IN: HEA SU: ERN
GK-LR -- NY099 -- 3878 04/28/92 13:54 EDT
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|Date:||Apr 28, 1992|
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