Allied Healthcare International Inc. (Nasdaq: AHCI) Posts Q3 Results, Attains Quarter Goals
Allied Healthcare International Inc. provides staffing solutions for the healthcare industry in the UK. The company recently announced its financial results for the third quarter of 2008, posting a 7 percent increase in revenue (before unfavorable exchange rate calculations), impacted by homecare, nursing and hospital staffing. For the period ended June 30, 2008, Allied Healthcare reported third-quarter revenues up 7 percent, or $4.9 million to $74.5 million, as compared to $70.5 million for the same period the year prior. The company’s homecare staffing grew 14.5 percent; nursing home staffing revenues fell 2.2 percent; and hospital staffing declined 21.7 percent because…