Advertisement
News
Advertisement

Chindex International, Inc. Reports Second Quarter and First Half Fiscal 2011 Financial Results

Mon, 11/08/2010 - 3:35am
Bio-Medicine.Org

BETHESDA, Md., Nov. 8, 2010 /PRNewswire-Asia/ -- Chindex International, Inc. (Nasdaq: CHDX), a leading independent American provider of Western healthcare products and services in the People's Republic of China, today announced financial results for the second quarter and first half of fiscal year 2011, which ended September 30, 2010.

Revenue in the second quarter of fiscal 2011 increased 18.6% to $45.2 million from $38.1 million in the second quarter of fiscal 2010;Net income in the second quarter of fiscal 2011 was $3.2 million, or $0.20 per diluted share, compared to net income of $538,000, or $0.03 per diluted share, in the second quarter of fiscal 2010. Revenue in the first half of fiscal 2011 increased 3.8% to $86.7 million from $83.5 million in the first half of fiscal 2010;Net income in the first half of fiscal 2011 increased to $4.1 million, or $0.26 per diluted share, from $3.8 million, or $0.24 per diluted share, in the year over year period.

Second Quarter 2011 Financial ResultsRevenue in the second quarter of fiscal 2011 reflected continued growth in the Healthcare Services division and Medical Products division. Revenue from the Healthcare Services division increased 11.4% to $23.4 million from $21.0 million in the prior year period, and reflects growing inpatient and outpatient volume across the United Family Healthcare network. Revenue from the Medical Products division increased 27.5% to $21.8 million from $17.1 million in the prior year period, and mainly reflects stronger second quarter demand for imaging products. Total revenue increased 18.6% to $45.2 million from $38.1 million in the second quarter of fiscal year 2010.

Income from operations in the second quarter of fiscal 2011 was $4.8 million, compared to income from operations of $1.4 million in the same quarte

'/>"/>

SOURCE

Topics

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading