DYNACQ International Dynacq Healthcare Inc. - The Surgical Model of the Future

Dynacq Healthcare, Inc. Announces Increased Annual Earnings
HOUSTON--(BUSINESS WIRE)—November 12, 2007--Dynacq Healthcare, Inc. (DYII) today reported that its income from continuing operations for the year ended August 31, 2007 was $0.24 per share, compared to a loss of $0.21 per share in the previous year. Income from continuing operations of $0.13 per share recorded in the fourth quarter of the year ended August 31, 2007 compares with a loss of $0.10 per share in the fourth quarter of the previous year. All per share amounts in this release are fully diluted.

Net patient service revenues for the quarter ended August 31, 2007 increased by $854,000, or 8%, from $10.1 million in 2006 to $11.0 million in 2007. The Company’s Garland Facility had an increase in both bariatric and orthopedic cases due to recruitment of additional physicians. Income from continuing operations was $2.1 million for the fourth quarter in 2007 compared to a loss from continuing operations of $1.5 million in 2006’s fourth quarter. Net income was $3.6 million in 2007’s fourth quarter, or $0.22 per share, versus net loss of $1.3 million, or $0.08 per share, in 2006’s fourth quarter.

Net patient service revenues for the year ended August 31, 2007 increased by $6.8 million, or 19%, from $36.0 million in 2006 to $42.8 million in 2007. Income from continuing operations for the year ended August 31, 2007 was $3.8 million, or $0.24 per share, versus a loss from continuing operations of $3.1 million, or $0.21 per share, in the same period in 2006. Net income was $4.2 million, or $0.26 per share, for the year ended August 31, 2007 versus net loss of $5.9 million, or $0.39 per share, for the same period in 2006.

Dynacq Healthcare, Inc. ("www.dynacq.com") is a holding company. Its subsidiaries provide surgical healthcare services and related ancillary services through hospital facilities and an outpatient surgical center.


Contact:

Dynacq Healthcare, Inc., Houston
Philip S. Chan, 713-378-2000
info@dynacq.com

Source: Dynacq Healthcare, Inc.

Copyright © 2004 Dynacq Healthcare, Inc. All rights reserved.
Privacy Policy