Capitol Health Ltd. Reports Consolidated Earnings Results for the Half Year Ended December 31, 2011; Provides Revenue Guidance for the Second Half of 2012; Declares Maiden Dividend, Payable on April 20, 2012
February 27, 2012 at 05:08 pm EST
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Capitol Health Ltd. reported consolidated earnings results for the half year ended December 31, 2011. For the half year, the company reported revenue of AUD 25,253,245 against AUD 21,433,415 a year ago. Profit before income tax was AUD 1,754,837 against AUD 1,045,070 a year ago. Profit from continuing operations was AUD 1,267,074 against AUD 731,549 a year ago. Profit attributable to owners of the parent was AUD 1,267,074 or 0.39 cents per diluted share against AUD 731,549 or 0.23 cents per diluted share a year ago. Net cash provided by operating activities was AUD 1,699,615 against AUD 2,860,814 a year ago. Payments for property, plant and equipment was AUD 866,209 against AUD 1,070,184 a year ago. The revenue growth has come from contributions from acquisitions and substantial organic growth from existing facilities. The Directors attribute the majority of revenue increase to maintaining a recognized Bulk Billing pricing model with Referrers. Profitability has risen as a result of the efficiencies gained through investment in technology and reaching a critical mass in terms of turnover against resources employed.
The company announced that results to date for the second half of 2012 still indicate revenues being maintained at levels comparable to the first half of 2012.
The company announced interim dividend for the first half of 2011 will be at the rate of AUD 0.002 per ordinary share and will be fully franked. The record date for the dividend will be close of trading on April 12, 2012, and payment date will be April 20, 2012.
Capitol Health Limited is an Australia-based company, which is engaged in providing the diagnostic imaging and related services to the Australian healthcare market. The Company owns and operates clinics throughout Victoria, Tasmania, South Australia, and Western Australia. Its operational focus is on delivering a community-based infrastructure for radiologists and related medical practitioners to deliver optimal, efficient, accurate healthcare service outcomes for patients. Its businesses operate under the brands Capital Radiology, Imaging at Olympic Park, Radiology Tasmania, Fowler Simmons Radiology, Womenâs Imaging, FMIG and Direct Radiology. The Company manages the needs of patients requiring diagnostic imaging and interventional services, including general X-rays, ultrasounds, computed tomography (CT) and magnetic resonance imaging (MRI), and specialized services, such as mammography, echocardiography, nuclear medicine, cardiac imaging, and specialty musculoskeletal procedures.
Capitol Health Ltd. Reports Consolidated Earnings Results for the Half Year Ended December 31, 2011; Provides Revenue Guidance for the Second Half of 2012; Declares Maiden Dividend, Payable on April 20, 2012