Continucare Corp. (CNU) Recognizes 52% Increase in Net Income for Q4 FY2009
Today, Continucare Corporation announced its financial results for its fourth quarter and fiscal year ended June 30, 2009. Total revenue for the fourth quarter increased 14% to $75.3 million, compared to $66.1 million for the same period during fiscal 2008. Net income increased 52% to $4.8 million, or $0.08 per diluted share, compared to $3.2 million, or $0.05 per diluted share. For the fiscal year ended June 30, 2009, total revenue increased 11% to $281.3 million compared to $254.4 million in the prior fiscal year. Net income for fiscal 2009 totaled $15.3 million, or $0.24 per diluted share, compared to…