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Article: Morrison Health Care, Inc. Announces Fourth Quarter and Year-End Results; Record Sales Year.
- Article from:
- Business Wire
- Article date:
- July 1, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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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ATLANTA--(BUSINESS WIRE)--July 1, 1998--Morrison Health Care, Inc. (NYSE:MHI) sold twice as much new business in fiscal year 1998 as the year before, posting record sales at year-end.
For the fourth quarter, net income rose to $3.1 million, or diluted earnings per share of $0.25, compared to $2.7 million, or diluted earnings per share of $0.23, during the same period last year. In addition, the Board of Directors declared a cash dividend of $0.04 per share, payable on July 31, 1998 to shareowners of record on July 13, 1998.
Fourth Quarter Highlights
-- Quarterly managed volume, the amount of estimated total operating
costs managed, increased ...