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Article: SALICK HEALTH CARE ANNOUNCES RECORD FISCAL YEAR 1993 RESULTS
- Article from:
- PR Newswire
- Article date:
- November 23, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fiscal 1993 Net Income Advances 30 Percent
From Year Ago On 22 Percent Higher Revenues
LOS ANGELES, Nov. 23 /PRNewswire/ -- Salick Health Care Inc. (NASDAQ: SHCI) today reported record revenues, operating income and net income for the 1993 fiscal year ended Aug. 31.
For the fiscal year ended Aug. 31, 1993, net revenues increased 22 percent to a record $116 million from $95 million in the 1992 fiscal year. Operating income and net income rose 23 percent and 30 percent to $14.4 million and $9.0 million, respectively, from the previous year. Fully diluted earnings per share, with 13 percent more shares outstanding, increased 11 percent to $0.98 ...