National Healthcare Corp first-quarter earnings decline by 7.09 percent on a YOY basis
Source: IRIS | 11 May, 2017, 04.21PM
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Rating: NAN / 5 stars. |
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National Healthcare Corporation (NHC) has reported a 7.09 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $12.73 million, or $0.84 a share in the quarter, compared with $13.70 million, or $0.91 a share for the same period last year. Revenue during the quarter grew 4.21 percent to $239.24 million from $229.59 million in the previous year period. Total expenses were 93.37 percent of quarterly revenues, up from 92.32 percent for the same period last year. That has resulted in a contraction of 105 basis points in operating margin to 6.63 percent. Operating income for the quarter was $15.86 million, compared with $17.62 million in the previous year period. Working capital increases National HealthCare Corporation has recorded an increase in the working capital over the last year. It stood at $172.39 million as at Mar. 31, 2017, up 9.48 percent or $14.93 million from $157.46 million on Mar. 31, 2016. Current ratio was at 2.31 as on Mar. 31, 2017, up from 2.13 on Mar. 31, 2016. Days sales outstanding went down to 17 days for the quarter compared with 34 days for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
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