LINTHICUM, Md., Nov. 5 /PRNewswire-FirstCall/ -- Dialysis Corporation of America (Nasdaq: DCAI) announced its financial results for the third quarter of 2008. Operating revenues for the third quarter were $21,860,000 compared to $19,173,000 for the same period last year, a 14% increase, and $63,181,000 for the first nine months of 2008 compared to $54,549,000 for the same period last year, a 16% increase. Net income for the quarter was $875,000 or $.09 per share ($.09 diluted per share) compared to $927,000 or $.10 per share ($.10 diluted per share) for the same period last year, and $1,986,000 or $.21 per share ($.21 diluted per share) for the first nine months of 2008 compared to $2,064,000 or $.22 per share ($.21 diluted per share) for the same period last year.
Stephen Everett, President and Chief Executive Officer, commented, "Our company's third quarter performance was directly in line with financial expectations and slightly ahead of plan on a clinical outcomes basis. On the development front, we are on track with our planned expansion through the next several years, which was further secured by the initial increase in our credit facility to $25,000,000, as was announced earlier today. Finally, also within the spectrum of DCA's continued growth, we have completed a company marketing 'makeover' and reaffirmation of our corporate principals. Key to this is the introduction of a new logo, complete revision of our website, and all new corporate literature. We finished the process with the development of a new 'corporate statement' which we believe says everything...A Commitment to Caring."
Financial results included: (i) pre-tax costs associated with the
opening of new centers of $339,000 for the third quarter of 2008 com
|SOURCE Dialysis Corporation of America|
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