PHC Announces 19.2% Increase in Fiscal 2011 First Quarte... ($ 14233822 $ 11767668Contract s...)

PHC Announces 19.2% Increase in Fiscal 2011 First Quarter Revenues

Date:11/10/2010

14,233,822

11,767,668Contract support services837,598879,760Total revenues15,071,42012,647,428Operating expenses:Patient care expenses7,023,7226,438,563Cost of contract support services707,775727,477Provision for doubtful accounts1,003,462472,973Administrative expenses 5,100,0694,652,517Total operating expenses13,835,02812,291,530Income from operations1,236,392355,898Other income (expense):Interest income40,59432,374Other income38,98849,356Interest expense (80,332)(80,593)Total other income (expense), net(750)1,137Income before provision for income taxes1,235,642357,035Provision for income taxes 557,027133,431Net Income

678,615

223,604Basic net income per common share

0.03

0.01Basic weighted average number of shares outstanding19,532,09519,997,549Diluted net income per common share

0.03

0.01Diluted weighted average number of shares outstanding19,603,13820,141,989
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SOURCE PHC, Inc., d/b/a Pioneer Behavioral Health
Copyright©2010 PR Newswire.
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