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Chindex International Inc. Reports Second Quarter FY 2009 Financial Results
Date:11/10/2008

-- Company reports profitability in both operating divisions -- -- Demand for products and services has not been impacted by financial

crisis --

BETHESDA, Md., Nov. 10 /Xinhua-PRNewswire/ -- 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 of fiscal year 2009.

Revenue for the second quarter of fiscal year 2009 increased 17% to $38.1 million from $32.7 million in the second quarter of fiscal year 2008, reflecting growth in inpatient and outpatient services in its hospital division and increasing demand for products and services. Revenue growth in the second quarter of fiscal year 2009 was impacted by lower than expected patient volume due to disruptions in travel and tourism related to the Olympics.

During the quarter, the Company recorded income from operations of $1.6 million, as compared to income from operations of $2.6 million for the same quarter last year. Costs and expenses for the second quarter of fiscal year 2009 increased 22% to $36.5 million as compared with $30.0 million for the prior period.

Roberta Lipson, President and CEO of Chindex, commented, "We are pleased by the turnaround in our medical products business. Profitability in the division was better than expected this quarter and, as we announced last week, our revenue projections for the remainder of the year exceed our prior expectations. During the recent quarter, revenue in the healthcare services division continued to be impacted by the disruption in patterns of business travel and tourism related to the Olympics, but we do not ex
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SOURCE Chindex International, Inc.
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