Allied Healthcare International Inc. (NASDAQ: AHCI), a leading
homecare provider of health and social care in the United Kingdom
and Ireland, today issued financial results for its fiscal 2011
second quarter ended March 31, 2011.
To provide investors with a better understanding of the
Company's performance and because of fluctuations in foreign
exchange rates, Allied is discussing its revenues, gross profit,
selling, general & administrative (SG&A) expenses and
operating income at constant exchange rates, which are calculated
using the comparable prior period weighted average exchange rates.
In addition, as the Company's revenues and gross profit from its
principal operations are denominated in pounds sterling but
reported in United States dollars, an analysis is included of the
last six quarters' revenues, gross profit, SG&A and operating
income in pounds sterling to enable investors to fully understand
the underlying trends over these periods without the effects of
currency exchange rates. (See the Historical Revenues, Gross
Profit, SG&A and Operating Income table at the end of this
press release.)
Fiscal Second Quarter Results
Three Months Ended March 31,
-----------------------------
%
2011 2010 Change
-----------------------------
Revenue
-----------------------------
(Amounts in thousands)
Homecare $ 60,205 $ 56,018 7.5%
Nursing Homes 3,252 4,460 -27.1%
Hospitals 4,072 5,052 -19.4%
--------- --------- --------
Total, at constant
exchange rates 67,529 65,530 3.0%
Effect of foreign
exchange 1,695 - 2.6%
--------- --------- --------
Total, as reported $ 69,224 $ 65,530 5.6%
========= ========= ========
Three Months Ended March 31,
------------------------------------------------
%
2011 % 2010 % Change
------------------------------------------------
Gross Profit
------------------------------------------------
(Amounts in thousands)
Homecare $ 19,003 31.6% $ 17,315 30.9% 9.7%
Nursing Homes 1,032 31.7% 1,451 32.5% -28.9%
Hospitals 1,024 25.1% 1,182 23.4% -13.4%
-------- -------- --------
Total, at constant
exchange rates 21,059 31.2% 19,948 30.4% 5.6%
Effect of foreign
exchange 522 - 2.6%
-------- -------- --------
Total, as reported $ 21,581 $ 19,948 8.2%
-------- -------- --------
SG&A
------------------------------------------------
SG&A, at constant
exchange rates &
excluding US Corporate
Overhead Costs $ 17,211 $ 15,285 12.6%
SG&A - US Corporate
Overhead Costs 703 760 -7.5%
SG&A - Amortization, at
constant exchange rates 271 301 -10.0%
-------- -------- --------
SG&A, at constant
exchange rates 18,185 16,346 11.2%
Effect of foreign
exchange 421 - 2.6%
-------- -------- --------
Total SG&A, as reported $ 18,606 $ 16,346 13.8%
-------- -------- --------
Operating Income
------------------------------------------------
Operating income, at
constant exchange rates
& excluding US Corporate
Overhead Costs &
Amortization $ 3,848 $ 4,663 -17.5%
Operating income - US
Corporate Overhead Costs (703) (760) 7.5%
Operating income -
amortization, at
constant exchange rates (271) (301) 10.0%
-------- -------- --------
Operating income, at
constant exchange rates 2,874 3,602 -20.2%
Effect of foreign exchange 101 - 2.8%
-------- -------- --------
Operating income, as
reported $ 2,975 $ 3,602 -17.4%
======== ======== ========
Net Income Attributable to Allied
------------------------------------------------
Basic Basic
and and
Diluted Diluted
EPS EPS
------------------------------------------------
Net income attributable
to Allied $ 1,929 $ 0.04 $ 2,642 $ 0.06
======== ======== ======== ========
For the second quarter of fiscal 2011, total revenue increased
3.0%, to $67.5 million, compared with $65.5 million reported during
the same period in fiscal 2010. Allied's Homecare revenue grew 7.5%
to $60.2 million. Acquisitions contributed 9.9%, or $5.6 million,
to Homecare revenue. Nursing Homes revenue declined 27.1% to $3.2
million and Hospitals revenue declined 19.4% to $4.1 million. After
the favorable impact of currency exchange of $1.7 million, revenue
increased 5.6% year over year to the reported $69.2 million.
Total gross profit for the second fiscal quarter increased 5.6%
to $21.1 million, from $19.9 million for the comparable quarter in
fiscal 2010. Homecare gross profit grew 9.7% to $19.0 million.
Acquisitions contributed $1.7 million, or 10.0%, to the Homecare
gross profit. Nursing Homes gross profit declined 28.9% to $1.1
million and Hospitals gross profit declined 13.4% to $1.0 million.
Gross profit as a percentage of revenue was 31.2%, compared with
30.4% for the comparable prior-year period. Foreign exchange
increased gross profit by $0.5 million to the reported $21.6
million for the 2011 second fiscal quarter.
SG&A for the second fiscal quarter was $18.2 million (26.9%
of revenues), an increase of 11.2%, from $16.3 million (24.9% of
revenues) reported last year. Acquisitions contributed 7.0%, or
$1.1 million, to the 12.6% increase in SG&A, excluding US
corporate overhead costs and amortization costs. Foreign exchange
increased costs by $0.4 million to the reported $18.6 million for
the 2011 second fiscal quarter.
Operating income for the second quarter of fiscal 2011 decreased
by 20.2% to $2.9 million from $3.6 million a year ago. Foreign
exchange increased operating income by $0.1 million to the reported
$3.0 million for the 2011 second fiscal quarter.
Net income attributable to Allied for the second quarter of
fiscal 2011 was $1.9 million, or $0.04 per diluted share, compared
with $2.6 million, or $0.06 per diluted share, reported during the
2010 second fiscal quarter.
Fiscal Six Months Results
Six Months Ended March 31,
-----------------------------
%
2011 2010 Change
-----------------------------
Revenue
-----------------------------
(Amounts in thousands)
Homecare $ 123,468 $ 114,640 7.7%
Nursing Homes 7,137 9,785 -27.1%
Hospitals 8,350 10,489 -20.4%
--------- --------- --------
Total, at constant
exchange rates 138,955 134,914 3.0%
Effect of foreign
exchange (532) - -0.4%
--------- --------- --------
Total, as reported $ 138,423 $ 134,914 2.6%
========= ========= ========
Six Months Ended March 31,
------------------------------------------------
%
2011 % 2010 % Change
------------------------------------------------
Gross Profit
------------------------------------------------
(Amounts in thousands)
Homecare $ 38,752 31.4% $ 35,342 30.8% 9.6%
Nursing Homes 2,273 31.8% 3,138 32.1% -27.6%
Hospitals 2,057 24.6% 2,345 22.4% -12.3%
-------- -------- --------
Total, at constant
exchange rates 43,082 31.0% 40,825 30.3% 5.5%
Effect of foreign
exchange (164) - -0.4%
-------- -------- --------
Total, as reported $ 42,918 $ 40,825 5.1%
-------- -------- --------
SG&A
------------------------------------------------
SG&A, at constant
exchange rates &
excluding US Corporate
Overhead Costs $ 34,703 $ 31,378 10.6%
SG&A - US Corporate
Overhead Costs 1,774 1,423 24.7%
SG&A - Amortization, at
constant exchange rates 593 625 -5.1%
-------- -------- --------
SG&A, at constant
exchange rates 37,070 33,426 10.9%
Effect of foreign
exchange (134) - -0.4%
-------- -------- --------
Total SG&A, as reported $ 36,936 $ 33,426 10.5%
-------- -------- --------
Operating Income
------------------------------------------------
Operating income, at
constant exchange rates
& excluding US Corporate
Overhead Costs &
Amortization $ 8,379 $ 9,447 -11.3%
Operating income - US
Corporate Overhead Costs (1,774) (1,423) -24.7%
Operating income -
amortization, at
constant exchange rates (593) (625) 5.1%
-------- -------- --------
Operating income, at
constant exchange rates 6,012 7,399 -18.7%
Effect of foreign exchange (30) - -0.4%
-------- -------- --------
Operating income, as
reported $ 5,982 $ 7,399 -19.1%
======== ======== ========
Net Income Attributable to Allied
------------------------------------------------
Basic Basic
and and
Diluted Diluted
EPS EPS
------------------------------------------------
Net income attributable
to Allied $ 3,767 $ 0.09 $ 5,496 $ 0.12
======== ======== ======== ========
For the six months of fiscal 2011, total revenue increased 3.0%,
to $138.9 million, compared with $134.9 million reported during the
same period in fiscal 2010. Allied's Homecare revenue grew 7.7% to
$123.5 million. Acquisitions contributed 8.9%, or $10.2 million, to
Homecare revenue. Nursing Homes revenue declined 27.1% to $7.1
million and Hospitals revenue declined 20.4% to $8.3 million. After
the unfavorable impact of currency exchange of $0.5 million,
revenue increased 2.6% year over year to the reported $138.4
million.
Total gross profit for the six months of fiscal 2011 increased
5.5% to $43.1 million, from $40.8 million for the comparable period
in fiscal 2010. Homecare gross profit grew 9.6% to $38.8 million.
Acquisitions contributed $3.2 million, or 9.0%, to the Homecare
gross profit. Nursing Homes gross profit declined 27.6% to $2.3
million and Hospitals gross profit declined 12.3% to $2.0 million.
Gross profit as a percentage of revenue was 31.0%, compared with
30.3% for the comparable prior-year period. Foreign exchange
decreased gross profit by $0.2 million to the reported $42.9
million for the 2011 six month period.
SG&A for the six months of fiscal 2011 was $37.0 million
(26.7% of revenues), an increase of 10.9%, from $33.4 million
(24.8% of revenues) reported last year. Acquisitions contributed
7.0%, or $2.2 million, to the 10.6% increase in SG&A, excluding
US corporate overhead costs and amortization costs. Foreign
exchange decreased costs by $0.1 million to the reported $36.9
million for the 2011 six month period.
Operating income for the six months of fiscal 2011 decreased by
18.7% to $6.0 million from $7.4 million a year ago.
Net income attributable to Allied for the six months of fiscal
2011 was $3.8 million, or $0.09 per diluted share, compared with
$5.5 million, or $0.12 per diluted share, reported during the
fiscal 2010 six month period.
We ended the quarter with a very strong balance sheet. At March
31, 2011 and September 30, 2010, Allied's cash balance was $41.5
million (£25.9 million) and $39.0 million (£24.7 million),
respectively, which represents an increase in the cash balance of
$2.5 million (£1.2 million). The increase is primarily due to the
benefit of accelerated cash collections, mainly from the local
governmental bodies, as a result of the end of their fiscal period.
Offsetting this increase was the $3.6 million cash payments ($1.2
million initial consideration and $2.4 million repayment of
liabilities assumed on acquisition) related to our ScotHomecare
acquisition.
For the fiscal six months ended March 31, 2011, depreciation and
amortization was $2.4 million (£1.5 million), and capital
expenditures were $2.7 million (£1.7 million). Days Sales
Outstanding was 26 days at March 31, 2011 (41 days including
unbilled accounts receivables) and 26 days at September 30, 2010
(43 days including unbilled account receivables).
Management Discussion
Sandy Young, Chief Executive Officer of Allied, commented, "Our
second quarter of fiscal 2011 results show a revenue increase of
5.6% and gross profit increase of 8.2%; although, at constant
exchange rates this is 3.0% revenue growth and 5.6% gross profit
growth. Gross profits at 31.2% compare favorably with the 30.4%
reported last year. Without acquisitions, our Homecare revenue
declined 2.4% due to the U.K. government budget measures. We
continue to look for new opportunities that arise from the
Comprehensive Spending Review, which we believe, over time, will
benefit homecare revenues. Our Nursing Home and Hospitals revenue
also showed reductions.
"SG&A, at constant exchange rates, grew by 11.2%. The main
reason for the increase was the additional overhead costs of $1.1
million, or 7.0%, from our Irish and Scottish acquisitions which we
did not have in the comparable prior year period.
"SG&A, at constant exchange rate, has remained relatively
flat over the last three quarters. However, there are more
reductions planned and this remains a focus for management. This is
quite separate from the reduction in overheads of $2.4 million (at
current exchange rate) from our Business Improvement Projects which
we anticipate delivering on by the end of 2012.
"Over the last few quarters we highlighted revenue tensions from
the budget measures being taken by the U.K. government. During the
second fiscal quarter of 2011 our hours increased from a lower
point in December and have been steady during the last eight weeks.
There has been no noticeable change in April as we enter the new
U.K. government fiscal year. We have also had 11 small contract
wins in the quarter plus the Cardiff and Stafford wins previously
reported.
"During the second quarter we completed the acquisition of
Health and Lifecare Options Limited, which trades under the
ScotHomecare name. ScotHomecare is a flexible domiciliary homecare
business with nine branches in Scotland and one branch in
Leicester, England. ScotHomecare's services include adult health
care, child nursing care, palliative care nursing and elderly care
services. Our acquisition in Scotland and our Ireland acquisition
continue to perform well and according to our expectations.
"Additionally, during the first week of May, we completed the
acquisition of BiJu Limited, a recognized supplier of diverse
homecare services to clients throughout Lancashire. The transaction
expands our geographical footprint in the North West of England and
provides Allied with additional growth opportunities across
Lancashire.
"Based on our accomplishments to date, we believe Allied is well
positioned as the leading provider of homecare services in the
U.K., and we continue to explore new service lines, which may
improve market share as conditions improve," concluded Mr.
Young.
Dr. Jeffrey Peris, Chairman of Allied, commented, "The Board
believes that Allied is responding to challenges in the market
place and has the right focus, plans and sufficient financial
resources to further execute its business strategy and build value
for its shareholders."
Conference Call Information: May 10, 2011 at 10:00 AM Eastern
Time / 3:00 PM UK Time
Allied will host a call and webcast today at 10:00 AM Eastern
Time / 3:00 PM UK Time, to discuss its financial results. To join
the call, please dial (877) 407-8031 for domestic participants and
(201) 689-8031 for international participants. Participants may
also access a live webcast of the conference call through the
"Investors" section of Allied Healthcare's Website:
www.alliedhealthcare.com. A telephone replay will be available for
two weeks following the call by dialing (877) 660-6853 for domestic
participants and (201) 612-7415 for international participants.
When prompted, please enter account number 286 and conference ID
number 371877. A webcast replay will also be available and archived
on the Company's website for ninety days.
Reconciliation of GAAP and Non-GAAP Data
In addition to disclosing results of operations that are
determined in accordance with generally accepted accounting
principles ("GAAP"), this press release also discloses non-GAAP
results of operations that exclude or include certain charges.
These non-GAAP measures adjust for foreign exchange effects, US
corporate overhead costs and amortization costs. Management
believes that the presentation of these non-GAAP measures provides
useful information to investors regarding the Company's results of
operations, as these non-GAAP measures allow investors to better
evaluate ongoing business performance. Investors should consider
non-GAAP measures in addition to, and not as a substitute for,
financial measures prepared in accordance with GAAP. A
reconciliation of the non-GAAP measures disclosed in this press
release with the most comparable GAAP measures are included in the
financial tables included in this press release.
ABOUT ALLIED HEALTHCARE INTERNATIONAL INC.
Allied Healthcare International Inc. is a leading homecare
provider of health and social care in the United Kingdom and
Ireland. Allied operates a community-based network of approximately
120 branches with the capacity to provide carers (known as home
health aides in the U.S.), nurses, and specialized medical
personnel to locations covering approximately 90% of the U.K.
population. For more news and information please visit:
www.alliedhealthcare.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release may be
forward-looking statements. These forward-looking statements are
based on current expectations and projections about future events.
Actual results could differ materially from those discussed in, or
implied by, these forward-looking statements. Factors that could
cause actual results to differ from those implied by the
forward-looking statements include: general economic and market
conditions; the effect of the change in the U.K. government and the
impact of proposed changes in recent policy making related to
health and social care that may reduce revenue and profitability;
the impact of the HM Treasury Comprehensive Spending Review 2010
setting out the U.K. government's plans to reduce spending; the
introduction by the U.K. government of individualized budgets and
direct payments for service users, which could lead our hospital,
healthcare facility and other customers to bypass our services and
which might decrease our revenues and margins; Allied's ability to
continue to recruit and retain flexible healthcare staff; Allied's
ability to enter into contracts with local government social
services departments, NHS Trusts, hospitals, other healthcare
facility clients and private clients on terms attractive to Allied;
the general level of demand and spending for healthcare and social
care; dependence on the proper functioning of Allied's information
systems; the effect of existing or future government regulation of
the healthcare and social care industry, and Allied's ability to
comply with these regulations; the impact of medical malpractice
and other claims asserted against Allied; the effect of regulatory
change that may apply to Allied and that may increase costs and
reduce revenues and profitability; the effect of existing or future
government regulation in relation to employment and agency workers'
rights and benefits, including changes to National Insurance rates
and pension provision; Allied's ability to use net operating loss
carry forwards to offset net income; the effect that fluctuations
in foreign currency exchange rates may have on our
dollar-denominated results of operations; and the impairment of
goodwill, of which Allied has a substantial amount on the balance
sheet, may have the effect of decreasing earnings or increasing
losses. Other factors that could cause actual results to differ
from those implied by the forward-looking statements in this press
release include those described in Allied's most recently filed SEC
documents, such as its most recent annual report on Form 10-K, all
quarterly reports on Form 10-Q and any current reports on Form 8-K
filed since the date of the last Form 10-K. Allied undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
ALLIED HEALTHCARE INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three Months Ended Six Months Ended
-------------------- --------------------
March 31, March 31, March 31, March 31,
2011 2010 2011 2010
--------- --------- --------- ---------
Revenues:
Net patient services $ 69,224 $ 65,530 $ 138,423 $ 134,914
--------- --------- --------- ---------
Cost of revenues:
Patient services 47,643 45,582 95,505 94,089
--------- --------- --------- ---------
Gross profit 21,581 19,948 42,918 40,825
Selling, general and
administrative expenses 18,606 16,346 36,936 33,426
--------- --------- --------- ---------
Operating income 2,975 3,602 5,982 7,399
Interest income 86 86 176 191
Interest expense (22) - (43) -
Foreign exchange loss (13) (195) (18) (213)
--------- --------- --------- ---------
Income before income taxes 3,026 3,493 6,097 7,377
Provision for income taxes 958 851 2,064 1,881
--------- --------- --------- ---------
Net income 2,068 2,642 4,033 5,496
Less: Net income attributable
to noncontrolling interest (139) - (266) -
--------- --------- --------- ---------
Net income attributable to
Allied Healthcare International
Inc. $ 1,929 $ 2,642 $ 3,767 $ 5,496
========= ========= ========= =========
Basic net income per share
attributable to Allied
Healthcare International Inc.
common shareholders $ 0.04 $ 0.06 $ 0.09 $ 0.12
========= ========= ========= =========
Diluted net income per share
attributable to Allied
Healthcare International Inc.
common shareholders $ 0.04 $ 0.06 $ 0.09 $ 0.12
========= ========= ========= =========
Weighted average number of
common shares outstanding:
Basic 43,571 45,136 43,571 45,131
========= ========= ========= =========
Diluted 43,766 45,405 43,846 45,411
========= ========= ========= =========
ALLIED HEALTHCARE INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
March 31, September 30,
2011 2010
------------- -------------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 41,534 $ 39,031
Accounts receivable, less allowance for
doubtful accounts of $880 and $732,
respectively 19,973 20,092
Unbilled accounts receivable 11,539 13,393
Deferred income taxes 505 552
Prepaid expenses and other assets 2,197 1,943
------------- -------------
Total current assets 75,748 75,011
Property and equipment, net 9,613 8,924
Goodwill 108,008 102,945
Other intangible assets, net 2,955 3,501
------------- -------------
Total assets $ 196,324 $ 190,381
============= =============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 2,179 $ 1,581
Current maturities of debt and capital
leases 735 614
Accrued expenses, inclusive of payroll and
related expenses 25,359 25,897
Taxes payable 2,362 2,310
------------- -------------
Total current liabilities 30,635 30,402
Long-term debt and capital leases,
net of current maturities 226 389
Deferred income taxes 1,442 1,534
Other long-term liabilities - 308
------------- -------------
Total liabilities 32,303 32,633
------------- -------------
Commitments and contingencies
Noncontrolling interest 4,688 4,358
------------- -------------
Shareholders' equity:
Preferred stock, $.01 par value; authorized
10,000 shares, issued and outstanding - none - -
Common stock, $.01 par value; authorized
80,000 shares, issued 45,721 and 45,721
shares, respectively 457 457
Additional paid-in capital 242,697 242,478
Accumulated other comprehensive loss (13,310) (15,267)
Accumulated deficit (64,391) (68,158)
------------- -------------
165,453 159,510
Less cost of treasury stock (2,150 shares) (6,120) (6,120)
------------- -------------
Total shareholders' equity 159,333 153,390
------------- -------------
Total liabilities and shareholders'
equity $ 196,324 $ 190,381
============= =============
ALLIED HEALTHCARE INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Six Months Ended
March 31, March 31,
2011 2010
------------- -------------
Cash flows from operating activities:
Net income $ 4,033 $ 5,496
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 1,854 1,467
Amortization of intangible assets 591 625
Foreign exchange loss 5 187
Increase (decrease) in provision for
allowance for doubtful accounts 162 (39)
Loss on sale of fixed assets 7 1
Stock based compensation 219 213
Deferred income taxes 55 25
Changes in operating assets and liabilities,
excluding the effect of businesses acquired
and sold:
Decrease in accounts receivable 1,214 1,376
Decrease in prepaid expenses and other
assets 1,885 47
(Decrease) increase in accounts payable
and other liabilities (1,825) 980
------------- -------------
Net cash provided by operating
activities 8,200 10,378
------------- -------------
Cash flows from investing activities:
Capital expenditures (2,709) (2,066)
Payments for acquisitions - net of cash
acquired (1,198) -
Proceeds from sale of property and equipment 8 56
------------- -------------
Net cash used in investing activities (3,899) (2,010)
------------- -------------
Cash flows from financing activities:
Repayments of debt and capital lease
obligations (2,569) -
Borrowings under invoice discounting
facility, net 134 -
Stock options exercised - 288
------------- -------------
Net cash (used in) provided by
financing activities (2,435) 288
------------- -------------
Effect of exchange rate on cash 637 (2,358)
------------- -------------
Increase in cash 2,503 6,298
Cash and cash equivalents, beginning of year 39,031 35,273
------------- -------------
Cash and cash equivalents, end of year $ 41,534 $ 41,571
============= =============
Supplemental cash flow information:
Cash paid for interest $ 44 $ -
============= =============
Cash paid for income taxes, net $ 2,327 $ 217
============= =============
Supplemental disclosure of non-cash investing
and financing activities:
Capital expenditures included in accrued
expenses $ 313 $ 623
============= =============
Details of business acquired in purchase
transactions:
Fair value of assets acquired $ 4,776
=============
Liabilities assumed or incurred $ 3,186
=============
Cash paid for acquisitions $ 1,199
Cash acquired 1
-------------
Net cash paid for acquisitions $ 1,198
=============
Deferred acquisition payment $ 391
=============
ALLIED HEALTHCARE INTERNATIONAL INC.
HISTORICAL REVENUES, GROSS PROFIT, SG&A AND OPERATING INCOME
(In thousands, except foreign exchange rate)
(Unaudited)
Revenue
-----------------------------------------------------------------
Q2 Q1 Q4 Q3 Q2 Q1
2011 2011 2010 2010 2010 2010
---------- ---------- ---------- ---------- ---------- ----------
Homecare GBP 38,543 GBP 38,745 GBP 39,255 GBP 38,323 GBP 35,860 GBP 35,903
Nursing
Homes 2,088 2,379 3,048 2,731 2,864 3,261
Hospitals 2,607 2,620 3,114 2,933 3,235 3,330
---------- ---------- ---------- ---------- ---------- ----------
Total GBP 43,238 GBP 43,744 GBP 45,417 GBP 43,987 GBP 41,959 GBP 42,494
Foreign
Exchange
rate 1.60 1.58 1.55 1.49 1.56 1.63
---------- ---------- ---------- ---------- ---------- ----------
$ 69,224 $ 69,199 $ 70,417 $ 65,748 $ 65,530 $ 69,384
========== ========== ========== ========== ========== ==========
Gross Profit
-----------------------------------------------------------------
Q2 Q1 Q4 Q3 Q2 Q1
2011 2011 2010 2010 2010 2010
---------- ---------- ---------- ---------- ---------- ----------
Homecare GBP 12,163 GBP 12,095 GBP 12,188 GBP 11,651 GBP 11,083 GBP 11,041
Nursing
Homes 663 760 1,002 882 931 1,033
Hospitals 655 633 812 696 755 712
---------- ---------- ---------- ---------- ---------- ----------
Total GBP 13,481 GBP 13,488 GBP 14,002 GBP 13,229 GBP 12,769 GBP 12,786
Foreign
Exchange
rate 1.60 1.58 1.55 1.49 1.56 1.63
---------- ---------- ---------- ---------- ---------- ----------
$ 21,581 $ 21,337 $ 21,712 $ 19,768 $ 19,948 $ 20,877
---------- ---------- ---------- ---------- ---------- ----------
SG&A -
Foreign
Opera-
tions -
Organic GBP 10,146 GBP 10,101 GBP 10,126 GBP 9,962 GBP 9,786 GBP 9,856
SG&A -
Foreign
Opera-
tions -
Acquisi-
tions 773 612 586 265 - -
SG&A -
Foreign
Opera-
tions -
Acquisi-
tion
Costs 92 - 94 361 - -
---------- ---------- ---------- ---------- ---------- ----------
SG&A -
Foreign
Opera-
tions -
Total 11,011 10,713 10,806 10,588 9,786 9,856
SG&A - US
Corporate 438 677 719 660 485 406
SG&A -
Amortiza-
tion 174 197 240 218 193 199
---------- ---------- ---------- ---------- ---------- ----------
Total GBP 11,623 GBP 11,587 GBP 11,765 GBP 11,466 GBP 10,464 GBP 10,461
Foreign
Exchange
rate 1.60 1.58 1.55 1.49 1.56 1.63
---------- ---------- ---------- ---------- ---------- ----------
$ 18,606 $ 18,330 $ 18,244 $ 17,176 $ 16,346 $ 17,080
---------- ---------- ---------- ---------- ---------- ----------
Operating
Income -
Foreign
Opera-
tions GBP 2,470 GBP 2,775 GBP 3,196 GBP 2,641 GBP 2,983 GBP 2,930
Operating
Loss - US
Corporate (438) (677) (719) (660) (485) (406)
Operating
Loss -
Amortiza-
tion (174) (197) (240) (218) (193) (199)
---------- ---------- ---------- ---------- ---------- ----------
Total GBP 1,858 GBP 1,901 GBP 2,237 GBP 1,763 GBP 2,305 GBP 2,325
Foreign
Exchange
rate 1.60 1.58 1.55 1.49 1.56 1.63
---------- ---------- ---------- ---------- ---------- ----------
$ 2,975 $ 3,007 $ 3,468 $ 2,592 $ 3,602 $ 3,797
========== ========== ========== ========== ========== ==========
Allied Healthcare International Inc. Sandy Young Chief Executive
Officer Paul Weston Chief Financial Officer +44 (0) 1785 810600 Or
ICR, LLC Sherry Bertner Managing Director +1 646 277 1247
sherry.bertner@icrinc.com
Allied Healthcare (NASDAQ:AHCI)
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Allied Healthcare (NASDAQ:AHCI)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
