Allied Healthcare International Inc. (AHCI) Reports Increase in Q2 Results Reflecting Homecare Business
Allied Healthcare International Inc. (Nasdaq: AHCI) announced its second-quarter results for the period ended March 31, 2008. This leading provider of flexible healthcare staffing services in the UK reported a 9.8 percent increase in revenues and a 6.3 percent increase in operating income from continuing operations. “Before the favorable impact of exchange rates,” the company posted revenues at $72.9 million, up $5.6 million, or 8.4 percent, from $67.2 million the year prior. Allied Healthcare attributes the increase to an 11.4 percent increase in the staff of Allied’s Homecare staffing. Gross profit for the second quarter rose to $21.6 million, up…