SunLink Health Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 14, 2023 at 11:34 am EST
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SunLink Health Systems, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 14.39 million compared to USD 10.41 million a year ago. Net income was USD 1.95 million compared to net loss of USD 0.593 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to diluted loss per share from continuing operations of USD 0.07 a year ago. Basic earnings per share was USD 0.28 compared to basic loss per share of USD 0.09 a year ago. Diluted earnings per share was USD 0.28 compared to diluted loss per share of USD 0.09 a year ago.
For the six months, sales was USD 25.43 million compared to USD 20.94 million a year ago. Net income was USD 0.393 million compared to USD 1.35 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago. Basic earnings per share was USD 0.06 compared to USD 0.19 a year ago. Diluted earnings per share was USD 0.06 compared to USD 0.19 a year ago.
SunLink Health Systems, Inc., through subsidiaries, owns and operates healthcare businesses in the Southeast. The Companyâs operations are composed of a pharmacy business and an information technology (IT) business. The pharmacy business is composed of four operational areas conducted in three locations in southwest Louisiana: retail pharmacy products and services, consisting of retail pharmacy sales; institutional pharmacy services consisting of the provision of specialty and non-specialty pharmaceutical and biological products to institutional clients or to patients in institutional settings, such as extended care and rehabilitation centers, behavioral and specialty hospitals, hospice, and correctional facilities and durable medical equipment products and services, consisting primarily of the sale and rental of products for institutional clients. Its subsidiary SunLink Health Systems Technology provides information technology (IT) services to outside customers.